https://www.theguardian.com/technology/2016/jul/21/peter-thi...
EDIT: (to explain why)
No other analysis I've seen anywhere of Thiel at the RNC takes into account this very, very important attempt at explaining Thiel's reasons:
""" Now, in 2016, Thiel has finally found a politician capable of seizing that opportunity: a disruptor-in-chief who will destroy a dying system and build a better one in its place. Trump isn’t just a flamethrower for torching a rotten establishment, however – he’s the fulfillment of Thiel’s desire to build a successful political movement for less democracy. """
Thiel doesn't want less government, but he does want less democracy, because he can achieve his aims more easily if this is the case (or so he believes).
Lest anyone read the above and somehow believe I'm a Trump or Thiel supporter/advocate/etc, I'm solidly NOT.