A little bit of PayPal founder Peter Thiel?s wealth will help New Zealand technology businesses thanks to the launch of a new venture capital project.
The U.S. entrepreneur, who was one of Facebook?s first investors, is to establish a new 40 million New Zealand dollar (US$32 million) Kiwi-focused venture capital fund jointly with the New Zealand Venture Investment Fund, or NZVIF, to support local technology developments.
Peter Thiel is getting into the marijuana business, the Guardian reported. The Paypal co-founder and Silicon Valley entrepreneur is also one of the four general partners heading up the Founders Fund, a venture capital outfit that ba... Read Post
Peter Thiel, a PayPal co-founder and early Facebook investor, is launching a $402-million venture capital fund focused on mid-stage companies dealing with major global problems. Read Post