Peter Thiel (left) has the Midas touch: The PayPal "mafia" member owns an estimated $750 million worth of Facebook, a stake he got for a mere $500,000 early investment in the fast-growing social network. Thiel, 40, is one of the Silicon Valley entrepreneurs backing technology companies eating away at newspaper market share. Now, gossip blog Valleywag says, Thiel is taking his loot (and, presumably, his famous butler) and moving to New York City in pursuit of gay geek love.
Thursday, January 17, 2008
Facebook financier flees San Francisco for NYC?
Peter Thiel (left) has the Midas touch: The PayPal "mafia" member owns an estimated $750 million worth of Facebook, a stake he got for a mere $500,000 early investment in the fast-growing social network. Thiel, 40, is one of the Silicon Valley entrepreneurs backing technology companies eating away at newspaper market share. Now, gossip blog Valleywag says, Thiel is taking his loot (and, presumably, his famous butler) and moving to New York City in pursuit of gay geek love.
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