Peter Thiel, the technology investor who backed Donald Trump's campaign for president, is to leave Silicon Valley in an apparent rebuff to the region's left-leaning politics.
Thiel has considered stepping down from Facebook's board, but is staying on for now because he feels that he can still contribute to the company, according to The Wall Street Journal, which first reported on Thiel's plan to exit Silicon Valley.
Peter Thiel, billionaire investor and one of the biggest names in Silicon Valley, is leaving the tech hub and moving to Los Angeles.
The 50-year-old Thiel, who also served on Trump's transition team, plans to move into a 7,000 square-foot home that he bought six years ago, which overlooks the Sunset Strip, and will move the headquarters of Thiel Capital and Thiel Foundation to Los Angeles, a personal familiar with the matter told the Journal.
The decision underscores a growing divide between the outspoken tech industry conservative and Silicon Valley. But in public, Facebook co-founder and CEO Mark Zuckerberg defended Thiel and said it was important to have "ideological diversity" on the Menlo Park company's board.
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Thiel has left the boards of Zenefits and Asana, and sold most of his stake in Twilio.
For every $1 donated to Trump's campaign by a tech employee at one of the large firms - Apple, Alphabet, Microsoft, Facebook, and Amazon - Clinton's campaign received $60, according to the Center for Responsive Politics.
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. "That's when you get in trouble politically in our society, when".
"Silicon Valley is a one-party state", he said.
Thiel's newest and most-ambitious project is creating a conservative media empire - an effort that will be easier to accomplish in L.A., according to that same person.