“After seeing Facebook through its initial public offering and concluding his teaching of an undergraduate class at Stanford University this spring, Peter Thiel announced the closure of a funding round on a new investment vehicle.
Late Tuesday in San Francisco, the PayPal cofounder and Facebook’s first professional investorannounced the launch of Mithril Capital Management, a growth-stage venture firm with $402 million under management. Thiel, whose net worth was valued at $1.5 billion by FORBES in March, will serve as chair of the investment committee, which will also feature partners Ajay Royan and Jim O’Neill.”
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