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This isn’t about Thiel but two other people who are the founders. Investors do due diligence but that also only gets you so far. Note that there are other promi

This isn’t about Thiel but two other people who are the founders. Investors do due diligence but that also only gets you so far. Note that there are other prominent investors like GC.

impossiblefork 1y ago
Yes, but it's a lot of money. Thiel apparently 'only' has 27 billion USD, so if this is mostly his investment it's 1/27 of all the money he has, and I think when you're spending those sums on highly technical stuff involving physics and precision, you'd have the person representing the project you're planning to invest in, some physicists you know and trust, some people from a relevant industry, and then you sit down and think about the idea as you do when you read a paper, and you'd sit in this seminar for hours and use the blackboard, and my assumption is that you'd go away very close to knowing for sure whether it would work or not.
- rebolek 1y ago
  1/270. And I would be surprised if it was his money he invested.
  - impossiblefork 1y ago
    Still, it's worth at least a whole day for anybody, including at least two academicians.
    - saulpw 1y ago
      If I had $270k and something cost $1k, I wouldn't waste a whole day on it.