You and Mario were speculating on why Founders Fund wasn’t investing in Thiel Fellows at early stages. @Michael Gibson, a former employee of Thiel’s who helped lunch the fellowship, explained that because the fellowship was run through Peter’s foundation, he couldn’t invest in early stages. The IRS doesn’t like seeing people directly profiting from their philanthropy.
In the case of Figma, I think Founders Fund could justify an investment by round C because they could make the case that there’s no longer an asymmetric advantage given to Peter by the work of his foundation.
Peter Thiel's legacy will be the attempted destruction of Democracy to create a Tech Bros oligarchy. He is as responsible for all the suffering that is occurring and will occur for decades. That is all you need to know about Peter Thiel. https://www.yahoo.com/news/dei-doge-peter-thiel-foresaw-080801254.html
It's just a change of guard, as it has always been an oligarchy.
Also, the quotes that article uses come from Thiel, but they are often taken a bit out of context.
For example, "The broader education of the body politic has become a fool's errand." doesn't mean we should erase public schools and the majority should remain uneducated. He said that university should be only one of many choices in the future, and suggested something that sounded to me like the German dual training system.
He opposes welfare because he thinks that we often pay for more than what we get in return and this trend is becoming clearer. He suggests a more deregulated environment that benefits small companies that can create cheaper methods of treatment and reduce the length of the cycle of innovation.
He did complain about the effect of women voters and welfare beneficiaries on that era, but he does not think any group of people should be disenfranchised now.
You and Mario were speculating on why Founders Fund wasn’t investing in Thiel Fellows at early stages. @Michael Gibson, a former employee of Thiel’s who helped lunch the fellowship, explained that because the fellowship was run through Peter’s foundation, he couldn’t invest in early stages. The IRS doesn’t like seeing people directly profiting from their philanthropy.
In the case of Figma, I think Founders Fund could justify an investment by round C because they could make the case that there’s no longer an asymmetric advantage given to Peter by the work of his foundation.
This is correct - read about the behind the scenes in my book Paper Belt on Fire.
Peter Thiel's legacy will be the attempted destruction of Democracy to create a Tech Bros oligarchy. He is as responsible for all the suffering that is occurring and will occur for decades. That is all you need to know about Peter Thiel. https://www.yahoo.com/news/dei-doge-peter-thiel-foresaw-080801254.html
It's just a change of guard, as it has always been an oligarchy.
Also, the quotes that article uses come from Thiel, but they are often taken a bit out of context.
For example, "The broader education of the body politic has become a fool's errand." doesn't mean we should erase public schools and the majority should remain uneducated. He said that university should be only one of many choices in the future, and suggested something that sounded to me like the German dual training system.
He opposes welfare because he thinks that we often pay for more than what we get in return and this trend is becoming clearer. He suggests a more deregulated environment that benefits small companies that can create cheaper methods of treatment and reduce the length of the cycle of innovation.
He did complain about the effect of women voters and welfare beneficiaries on that era, but he does not think any group of people should be disenfranchised now.