Even as Wall Street rallied last month, Peter Thiel's hedge fund lost close to $25 million, according to leaked documents obtained by Valleywag. Maybe this is why the PayPal founder has been grumpily calling people "frauds."
Peter Thiel, the Facebook investor and PayPal co-founder, has never been shy about making incendiary statements. Now he's turned his guns on us.
Dear Ryan:
As I head to NBC to run its Bay Area site, I'm leaving you one Silicon Valley gossip blog, used but in good condition. A few thoughts on how to keep it that way.
It's one of many casually accepted, unchecked assumptions in Silicon Valley: Peter Thiel, the cofounder of PayPal and Facebook investor, is a billionaire, right? Leaked documents from his hedge fund, Clarium Capital, show he's not.
Clever libertarians don't just rail against government spending: They do something about it. Facebook investor Peter Thiel took $8 million from New York's pension fund — while setting himself up to avoid millions in taxes.
What a fight! In one corner, Rhodes scholar Rachel Maddow, the liberal lesbian MSNBC commentator. In the other, arch libertarian chess master Peter Thiel, the gay Facebook investor. Best of all, they've squared off before.
Peter Thiel, foremost among Silicon Valley's loopy libertarians and the first outside investor in Facebook, has written an essay declaring that the country went to hell as soon as women won the right to vote.
Peter Thiel, so-called visionary, is working CNBC hard at Davos. Why would that be the case? His hedge fund is $5 billion smaller than it was six months ago.
