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Tue Oct 18, 2016, 07:34 AM

Peter Thiel's Silicon Valley storm: backing Trump with $1.25 million

Billionaire Peter Thiel's $1.25 million backing of Donald Trump's presidential campaign has caused rifts in Silicon Valley with the ex-chief executive of Reddit taking a stand against the tech founder, accusing him of funding "violence and hate."

Thiel is an investor who helped found PayPal and is currently chairman of start-up Palantir.

Over the weekend, news broke that Thiel had donated $1.25 million in support of Republican candidate Trump. Thiel is a supporter of Trump and spoke at the Republican National Convention. But his support of Trump is in contrast to the majority of the tech industry which has so far donated around $8 million to the campaign of Democratic presidential candidate Hillary Clinton, versus $300,000 to her rival, according to Recode, citing Crowdpac data.

Thiel is a part-time partner at Y Combinator (YC), a major Silicon Valley start-up accelerator run by Sam Altman, who tweeted on Sunday that Trump's views are an "unacceptable threat to America." But Altman added that he would not fire Thiel because it's a "dangerous path to start down."


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Reply Peter Thiel's Silicon Valley storm: backing Trump with $1.25 million (Original post)
HAB911 Oct 2016 OP
grossproffit Oct 2016 #1

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