4 ms·

It's an existential issue. "Peter Thiel: The vast majority of the capital I give companies is just going to landlords" [1] [1] https://finance.yahoo.com/news/

• adrianN 8y ago
  He could try giving capital to companies in other locations. Rent in Berlin in less than a third of what you pay in SF.
  • gumby 8y ago
    True, but having lived in Berlin (Prenzlauer Berg) and Bay Area (Palo Alto) I have to tell you the scenes, and intensity, are very very different. SV in particular (Moreno than SF) is very tech oriented while Belin is more e-commerce and food delivery. Thiel in particular is German and has made some particularly scathing comments about the German startup scene (to the German press).
  • mavelikara 8y ago
    But that implies he might have to make trips to those places. Well, he's the one with the money, so he's going to optimize for his convenience.
  • ferongr 8y ago
    Maybe (most likely to be honest) his ROI is worse in those cases.