Peter Thiel Backs Trump: Silicon Valley Squirms

New York Times – When the technology investor Peter Thiel takes the stage just before Donald J. Trump at the Republican convention this week, he will become the most prominent public face of a species so endangered it might as well be called extinct: the Silicon Valley Trump supporter.

Nobody knows what Mr. Thiel, a co-founder of PayPal, will say (he declined an interview), but in the tech industry, his appearance at the convention is being greeted with more apprehension than excitement. Venture capitalists have a special term for investment opportunities that offer the potential for a big return but also carry a great deal of risk: high beta. For Silicon Valley’s political aspirations, Mr. Thiel’s speech is the ultimate high-beta performance.