>>21213907

Sept. 12, 2019

The FBI is investigating a venture capital fund started by Peter Thiel for financial misconduct

https://www.vox.com/recode/2019/9/12/20859055/mithril-capital-federal-investigation-peter-thiel-ajay-royan

Federal investigators are probing the conduct and practices of Mithril Capital, a venture capital firm co-founded by Peter Thiel, Recode has learned.

US officials — including the FBI — have in recent months questioned some people close to Mithril regarding concerns of possible financial misconduct at the firm, according to people familiar with the matter who insisted on anonymity given its sensitivity. Mithril confirmed in a statement that its lawyers are in touch with government authorities.

Those two departures, which are at least the sixth and seventh people to leave the investing team since the spring of 2016, have essentially stripped a shop with more than $1.2 billion in assets down to a bare-bones operation whose remaining senior full-time employees consist of Royan, CFO Anuja Royan (his sister), and a close ally named Paul Leggett.

That shrinking staff list might explain why the firm also removed the “Team” page from its website about two months ago, along with other tabs. Its entire website now features just a single substantive paragraph of information about the firm.

FBI typically investigates somewhere, ends up with a mole/rat/etc. and off they go to snitch

>>21214200

me thinks another flood cometh

This track is a rework of the 1929 song “When the Levee Breaks,” a blues tune by the couple Kansas Joe McCoy and Memphis Minnie. It was written about the Great Mississippi Flood of 1927, the most destructive river flooding in United States history.

>>21214210

good movie

but he's still a fag yes homo

>>21214365

Where was the 488yd shooter EP refers to?

>>21214417

>77.73.68.181

spasibo

>>21214480

Jack Daniel's

In December of last year, Case and Vance announced a new chapter for their initiative with the Rise of the Rest Seed Fund, $150 million raised from themselves and 34 high-profile investors, including Amazon CEO Jeff Bezos, fashion label CEO Tory Burch, Bridgewater founder Ray Dalio, Hewlett Packard CEO Meg Whitman, Kleiner Perkins Caufield & Byers chairman John Doerr, and the powerful Koch and Walton families.

For all involved, this is not an act of charity. This is a real chance to profit from the next billion-dollar companies that no one else is looking at. But it's also a chance to stimulate the economies of American communities that need it the most. It's about creating large-scale value over the long term.

"So $150 million in the great scheme of things is not a huge fund — we get that," Case told Business Insider. "But if we, in fact, are on average doing 10% of rounds, we're really helping catalyze, mobilize, more like $1.5 billion of capital. And then if we have this group of investors who are well positioned to write $50 million checks down the road, hopefully it ends up being many billions of capital that gets unleashed here."