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Most Cities Would Welcome a Tech Billionaire, But Peter Thiel?

Saturday February 17, 2018. 11:00 PM , from Slashdot/Apple
Sarah McBride, writing for Bloomberg: Tech billionaire Peter Thiel is moving to Los Angeles from San Francisco, adding another dose of legitimacy to a burgeoning startup scene in Southern California -- along with some controversy. The co-founder of PayPal and an early investor in Facebook, Thiel runs Founders Fund, one of the more-respected venture capital firms in Silicon Valley. He comes with a little baggage, though, including his staunch support for President Donald Trump, his secretive funding of the legal battle between Hulk Hogan and Gawker.com, and comments some people say have been derogatory toward women. 'I'm not sure why Peter Thiel believes he'll receive a warmer reception on the L.A. tech scene than he's had in Silicon Valley,' said Tracy DiNunzio, chief executive officer of Tradesy, a fashion-reselling company based in Santa Monica, California. 'Our venture and startup ecosystem is fairly left-leaning.'

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