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Search resuls for: "Republican megadonor Peter Thiel"


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The New Venture Fund raised over $950 million in 2021, according to the group's records. The listed donation to the New Venture Fund coincided with Thiel helping Republican candidates during the 2022 midterms. Massoglia suggested another scenario: that accountants for the Thiel Foundation may have filled out the forms incorrectly. The New Venture Fund is part of a network of left-leaning nonprofits guided by philanthropic advisory firm Arabella Advisors. Just like the New Venture Fund and the Donors Trust, the Sixteen Thirty Fund does not publicly disclose its donors.
Persons: Peter Thiel, Republican megadonor Peter Thiel, It's, Thiel, Anna Massoglia, OpenSecrets, Massoglia, Mitch McConnell, Brendan Fischer, Thiel Foundation hadn't, George Soros, Arabella Advisors Organizations: PayPal, Palantir Technologies, Founders Fund, Miami Beach Convention Center, Republican, Democratic Party, CNBC, The Thiel Foundation, New Venture Fund, D.C, New Venture, Thiel, Thiel Foundation, The New York Times, Donors Trust, Washington D.C, Google, America, Democratic, America Votes Locations: Miami , Florida, Washington, OpenSecrets, Ky
Republican megadonor Peter Thiel is not planning to donate to any 2024 GOP candidates. Sources told Reuters that he's unhappy with the GOP's positions on abortions and transgender rights. One source, a Thiel business associate, said that the GOP's positions on abortion and restrictions on which bathrooms transgender students can use in schools contributed to his decision. Thiel contributed more than $25 million to federal-level GOP candidates in 2022, making him the 10th largest donor to either party in the midterm congressional elections, according to Reuters, which cited OpenSecrets data. The news that Thiel does not intend to contribute to GOP candidates in 2024 follows reports that Republican megadonors are souring on Gov.
When Thiel spoke at the 2016 Republican National Convention, he had more hope that the party would concentrate on economic issues, his business associate said. Four political sources also told Reuters that Thiel is taking a step back from U.S. politics. In 2012, Thiel backed libertarian lawmaker Ron Paul, and in 2016 he donated some $1.25 million to the campaign efforts of Trump, who is the frontrunner for the 2024 Republican nomination. In the 2022 election cycle, however, Thiel emerged as a potential Republican kingmaker, contributing more than $35 million to 16 federal-level Republican candidates, according to OpenSecrets. The business associate said he was not aware of any special proviso for former employees.
Thiel is unhappy with the Republican Party's focus on hot-button U.S. cultural issues, said one of the sources, a business associate, citing abortion and restrictions on which bathrooms transgender students can use in schools as two examples. He believes Republicans are making a mistake in focusing on cultural flashpoints and should be more concerned with spurring U.S. innovation — a major issue for him — and competing with China, the business associate said. Online news site Puck previously reported Thiel was most likely either to support Trump or sit out the primary. When Thiel spoke at the 2016 Republican National Convention, he had more hope that the party would concentrate on economic issues, his business associate said. Four political sources also told Reuters that Thiel is taking a step back from U.S. politics.
Peter Thiel, president and founder of Clarium Capital Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, on Thursday, April 7, 2022. Billionaire and Republican megadonor Peter Thiel's $32 million investment in the 2022 midterm elections saw mixed results, as two of his former employees split U.S. Senate races that will help to decide control of the chamber. Thiel instead opted to pile more money into Republican Blake Masters' bid to unseat Democratic Sen. Mark Kelly in Arizona. Thiel jolted Masters' Senate bid early on with a $15 million donation to a pro-Masters super PAC during Arizona's primary election, according to Federal Election Commission records. Records show that Thiel contributed similar amounts to Republican Reps. Mike McCaul, Chris Stewart, Michael Waltz, Tom Cole and Mario Diaz-Balart.
Republican megadonor Peter Thiel is hosting a fundraiser at his Los Angeles home next week for Arizona Senate candidate Blake Masters after GOP officials asked the tech mogul for more money heading into the final stretch of the November midterm elections. The move by Thiel to host Masters comes as donations from the tech mogul to separate super PACs supporting Masters and Ohio Senate candidate J.D. Republican leaders and campaign officials, including Senate Minority Leader Mitch McConnell, R-Ky., have reportedly asked Thiel to help Vance and Masters in the general election. Vance and Masters both worked with Thiel before they launched their Senate campaigns. Vance once worked at investment firm Mithril Capital, which was co-founded by Thiel, while Masters was the chief operating officer at Thiel Capital.
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