Peter Thiel Opens a New Venture Capital Firm

And, does anybody know if they have a site up?

Edit: Added question.

This fund appears to be a global credit bubble surfer focusing on the influx of macro capital into Silicon Valley. He has argued against doing things that were akin to "globalization", yet this entire fund is essentially providing capital to do just that (scaling out things that have already been proven). He asks everyone to do "0 to 1" companies (develop new technology), whilst simultaneously investing in "1 to many" companies which require simple scaling out to be rather profitable (or sold to another company).

I think Peter Thiel is boundedly rational (aren't we all? -http://en.wikipedia.org/wiki/Bounded_rationality).

He is akin to an entrepreneur who realizes that things are just about to get crazy, calls out the crazy, but still raises massive amounts of money and levers up just because he knows he can benefit from it.

I respect that. That is flexibility in thought. I should practice double think more often.

> Mithril .. will seek “growth” opportunities — start-ups that have already raised some venture capital and are looking to ramp up significantly. According to Mr. Royan, the firm is looking globally but is not interested in pre-I.P.O. companies or companies on the verge of going public.

> “We’re looking for inflection points,” Mr. Royan said. “We’re not looking for companies that are a done deal; we want companies that are about to hit a growth stage.”

This sounds like a tulip broker where one takes a levered spread on the delta between the credit of today and that of tomorrow.

A venture investor can't sustainably direct opportunities to multiple vehicles that have the same/overlapping mandates.