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Investor Peter Thiel

Yahoo! Finance: Peter Thiel: The vast majority of the capital I give companies is just going to landlords

Billionaire venture capitalist and entrepreneur Peter Thiel believes the high cost of living is stifling entrepreneurship in Silicon Valley. “One thing I’ve been thinking about as a venture capitalist in Silicon Valley is the vast majority of the capital I give to the companies is just going to landlords. It’s going to commercial real estate and even more to urban slumlords of one sort or another. And that’s an odd thing to be doing as a venture capitalist. That’s so disproportionate,” Thiel said at an event on Thursday hosted by the Economic Club of New York.
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