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☆ Why the tech downturn could be a boon for startups
▼ + stars: | 2024-02-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the tech downturn could be a boon for startups"It's the jockey, not the horse," when it comes to venture investing according to Thiel Capital's Jack Selby. How the so-called "PayPal Mafia" member decides the entrepreneurs he'll back and what he's learned from the likes of Elon Musk.

Persons: Thiel, Jack Selby, he's, Elon Musk Organizations: PayPal

☆ Venture Capitalists Seek to Buy Phoenix Suns With Potential Financing From Peter Thiel and Others
▼ + stars: | 2022-12-10 | by ( Marc Vartabedian | ) www.wsj.com time to read: 1 min

Two venture capitalists have submitted a bid to buy the Phoenix Suns and Mercury professional basketball teams for $3 billion, an offer that could include financing from tech mogul Peter Thiel, according to people familiar with the matter and an offer sheet reviewed by The Wall Street Journal. The group is one of a handful of potential buyers, according to the people. The bid was submitted by Jack Selby, the managing director of West Hollywood, Calif.-based investment firm Thiel Capital, which was founded by Mr. Thiel, and Jason Pressman, the managing director of Menlo Park, Calif.-based venture firm Shasta Ventures.

☆ Elon Musk slept at his desk and fired people who disagreed with him, says a former Tesla manager who worked with the billionaire
▼ + stars: | 2022-11-11 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +4 min

Medlock answered questions about what it was like working directly with CEO Elon Musk and shared new details about Musk's management style. Tesla, Medlock said, offered him a salary of about $120,000, along with 40,000 options at a strike price of 90 cents when he started at Tesla, which he estimated is equivalent to $50 million today. Medlock once saw Elon Musk sleeping on a deskIn response to claims that Musk works around the clock and even sleeps on the floor, Medlock shared that he once spotted Musk passed out on top of a desk and snapped a photo. Even in meetings, he added, Musk didn't waste time chatting and got straight to the point — he never saw his boss joke around with employees. 5.When his family was around, Musk was completely off-limits: "That's the side of Elon not everyone gets to see"Medlock said he admired the way Musk, who has nine children, prioritized time with his family.

☆ Elon Musk was a 'fun' boss but fired people on the spot if they disagreed with him, says former Tesla manager
▼ + stars: | 2022-11-11 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +4 min

Medlock answered questions about what it was like working directly with CEO Elon Musk and shared new details about Musk's management style. He said Musk was "fun" to work with — but that his boss wasn't social, would fire people on the spot, and could be intimidating. Tesla, Medlock said, offered him a salary of about $120,000, along with 40,000 options at a strike price of 90 cents when he started at Tesla, which he estimated is equivalent to $50 million today. Even in meetings, he added, Musk didn't waste time chatting and got straight to the point — he never saw his boss joke around with employees. Medlock said Musk would fire people on the spot if they spoke out of lineDuring his early days at Tesla, Medlock said he was in a meeting when someone disagreed with Musk — he said he never saw the employee again.

Persons: Graham Stephan, Jack Selby, Carl Medlock, Medlock, Elon Musk, Musk, wasn't, Tesla, Elon, didn't, Nobody, Musk —, he's, he'll Organizations: Tesla, Elon Locations: Seattle, Medlock, Tesla

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