The venture capitalist and Facebook board member staked his reputation on a Trump presidency. Now what does he have to show for it?
. Two people close to Thiel have confirmed that the pandemic was a breaking point for the technocrat, who once hoped electing a political outsider would disrupt bureaucracy and bring about radical change and innovation in government.
Facebook and Palantir both declined to comment on Thiel’s interactions with the white nationalist far right.Thiel addresses the final night of the Republican National Convention at Quicken Loans Arena in Cleveland, Ohio, July 21, 2016.the famed venture capitalist viewed the Trump campaign as he would a Silicon Valley startup: It was an investment, two people told BuzzFeed News.
On paper, there was little in common between the candidate and Thiel beyond their places on the Forbes Billionaires list. But Thiel was intrigued by Trump’s outsider appeal, his supposed non-establishment quality that might shake up what the investor saw as a staid and bloated bureaucracy. And there were personal motivations, said one person who was close to Thiel at the time.
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