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The dangerous fantasies of defensive elites

My fascination with the technological fantasies of billionaires might seem like a peculiarly nerdy version of a familiar preoccupation with the super rich. However as Yuval Noah Harari observes on loc 3304 of Homo Deus, the dreams of technological salvation which the rich and powerful invest themselves in have important […]

Peter Thiel secretly backed Hulk Hogan

A really unusual addition to my growing catalogue of digital elites flexing their social, cultural and political muscles. Peter Thiel secretly backed Hulk Hogan’s case against Gawker: Peter Thiel, a billionaire entrepreneur and philanthropist, helped fund the case brought by the wrestler, Terry Gene Bollea, better known as Hulk Hogan, […]

the feudal characteristics of tech firms 

From Peter Thiel’s Less Than Zero loc 1912: Apple’s value crucially depended on the singular vision of a particular person. This hints at the strange way in which the companies that create new technology often resemble feudal monarchies rather than organizations that are supposedly more “modern.” A unique founder can […]

The genesis of the PayPal Mafia

Peter Thiel describing how the ‘PayPal Mafia’ came about in his Less Than Zero, loc 1238-1251: The first team that I built has become known in Silicon Valley as the “PayPal Mafia” because so many of my former colleagues have gone on to help each other start and invest in […]