Early Facebook investor and openly Objectivist Peter Thiel tells the Wall Street Journal that Silicon Valley VCs are too quick to fire startup founders. They also meddle too much in their companies. He blames a cultural divide.
Founders have to work hard; venture capitalists do not. VC "have these very cushy jobs; they get paid a lot," Thiel told the Journal. He thinks VC needs to more accommodating by investing in smaller pieces and allowing founders to cash out some, much sooner.