Peter Thiel taps a principal at Founders Fund for Trump’s transition team

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CLEVELAND, OH - JULY 21: Peter Thiel, co-founder of PayPal, delivers a speech during the evening session on the fourth day of the Republican National Convention on July 21, 2016 at the Quicken Loans Arena in Cleveland, Ohio. Republican presidential candidate Donald Trump received the number of votes needed to secure the party's nomination. An estimated 50,000 people are expected in Cleveland, including hundreds of protesters and members of the media. The four-day Republican National Convention kicked off on July 18. (Photo by Joe Raedle/Getty Images)

Peter Thiel is famously loyal to his employees and vice versa.

Many of the dozens of people employed by his venture firm, Founders Fund, once worked for Thiel at his hedge fund, Clarium Capital.

He even cofounded a late-stage venture firm, Mithril Capital, with one former Clarium managing director, Ajay Royan. Little wonder, then, that Thiel is reportedly pulling one principal at Founders… Read More

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