Insiders at Clarium Capital, the $5.3 billion hedge fund run by Facebook investor Peter Thiel, are buzzing about their boss's $1 million donation to NumbersUSA, an anti-immigrant group. The donation is an open secret within Clarium, and it has enraged ... »
Forbes is out with its annual list of the 400 Richest Americans again and thanks to Microsoft, Facebook CEO Mark Zuckerberg is on it at number 321 with an estimated net worth of $1.5 billion. What's kind of ridiculous is that according to the list, Zuc... »
Everyone's so gentle with Peter Thiel, the fabulously wealthy Facebook investor and hedge-fund manager. Even Bloomberg: The news service recently reported that his $7 billion firm, Clarium Capital Management, saw its funds drop 13 percent in August, th... »
Facebook announced it will pay out $2 million to winners of its second fbFund developers' competition. 25 first-round winners will get $25,000 each, and five second-round winners will win $250,000. The money comes as a grant, not an investment, with th... »
Facebook will announce this week that it's brought Silicon Valley wunderkind turned Web 2.0 grumpy grandpa Marc Andreessen onto its board of directors. Andresseen will fill one of the two open seats on Facebook's five-person board. Founder Mark Zuckerb... »
Known best in the Valley for co-founding PayPal and serving on the board of highly-valued Facebook, on Wall Street Thiel is becoming better known as a hedge-fund wunderkind ? Clarium Capital, the fund Thiel manages, is well past $3 billion may have alr... »
"Venture capitalists are still living in 1999." -- Peter Thiel, the PayPal founder, Facebook board member, and VC, on today's investment climate. [BusinessWeek] »
According to Mike Lazerow, the founder of Buddy Media, creator of Facebook application AceBucks, his company's virtual-currency service is just misunderstood. The "boo birds" just don't get it. Lazerow & Co. aren't competing with PayPal, Facebook's own... »
Back in July, I speculated that Accel Partners VC Jim Breyer might use his position on the Facebook board to strongarm startups developing Facebook apps into taking its money. And sure enough, he's setting up a new fund to do exactly that. But he's cle... »
Even more fictitious than Facebook's revenues is its valuation. A market value, after all, requires a willing buyer and a willing seller, and Facebook CEO Mark Zuckerberg, and his board members have repeatedly said they don't want to sell. (Facebook ha... »
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