(ed: our new favourite – but seldom seen – new zealand citizen – peter thiel – has spat the ideological-dummy – picked up his ball – and gone home – to los angeles..)
Billionaire investor Peter Thiel is giving up on Silicon Valley and moving his firm to Los Angeles and according to the Wall Street Journal his reasons are politically motivated.
Thiel has told friends that he’s frustrated with the Bay Area’s reluctance to accept his conservative beliefs. Per the Journal:
Mr. Thiel has grown more disaffected by what he sees as the intolerant left-leaning politics of the San Francisco Bay Area and increasingly pessimistic about the prospects for tech businesses amid greater risk of regulation – they said.