Mithril Capital promised to be the "capstone" to Peter Thiel’s investment empire. It ended up as a major distraction.
A dozen former employees, investors in the fund, and other people close to the matter describe an investment firm in disarray.
NEW: Inside Peter Thiel's Mithril Capital -- we've got major drama, disarray and unanswered financial questions. We go deep on one of Silicon Valley's most secretive investment shops, where limited partners, employees and Thiel himself are angry.
Former employees of Mithril describe Friday catered lunches where costs could run over $100 per person, and Royan was known internally for a “book ordering problem” — “unbelievable amounts of books” would be delivered each week to the office by Amazon.
Remember all the chatter about how Peter Thiel was leaving Silicon Valley and moving to LA? He actually recently bought a house again in Palo Alto.
Meanwhile, four junior employees in San Francisco — some of whom are the children of limited partners in the fund — believed that they were soon to be terminated because they would not move to Austin. Then at the last second, the employees were spared.
Jason Del Rey
A fascinating look by
at one of Peter Thiel's billion-dollar investment firms, Mithril Capital. Lots of turnover, drama and question marks about its finances. Feels like may just be scratching the surface...
Great tale from
Peter Thiel: Inside the drama at one of his venture capital firms - Recode
It’s Marc with a “c,” son
A very carefully worded sentence here (ngl, been there)
interesting drama at peter thiel’s Mithril Capital by