Thiel executing exit from Silicon Valley

Thiel executing exit from Silicon Valley

Like some other conservatives in the tech world lately, Thiel has been complaining about Silicon Valley's liberalism and "intolerance" to other views - especially amid the growing protests against Trump's policies and actions, the controversy over sexual harassment and sexism in the tech industry and the discontent over diversity issues from both sides.

Thiel also apparently purchased an $11.5 million home in nearby Los Angeles the following year, above the famed Sunset Strip. Thiel has also apparently raised the possibility that he will step down from Facebook's board of directors. The venture capitalist, who has served on the company's board of directors since 2005, was involved in a dispute with a fellow director due to his support for Donald Trump's presidential campaign, according to the Journal's sources, who also said a related confrontation over boardroom leaks with the social media firm's founder and CEO Mark Zuckerberg last summer contributed to the strain.

Thiel has left the boards of Zenefits and Asana, sold the majority of his stake in Twilio, and parted ways with startup incubator Y Combinator in the last two years.

He had already sold more than $1billion worth of Facebook stock before the filing made on November 21.

When Zuckerberg took the company public in 2012, Thiel sold 16.8 million shares at the IPO for about $640 million.

Thiel co-founded payment service PayPal and is known for funding the Hulk Hogan lawsuit that led to the shutdown of online news site Gawker. He was the first outside investor in Facebook and made early-stage investments in Yelp, LinkedIn, and Quora. He has since spent the bulk of his professional life in the Bay Area.The longstanding libertarian recently said at a debate at Stanford University that Silicon Valley is a "one-party state". "That's when you get in trouble politically in our society, when you're all in one side".

Silicon Valley companies and tech workers overwhelmingly supported Democrat Hillary Clinton in the 2016 election.

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