MercuryNews.com | 05/14/2006 | Q&A with Peter Thiel: Where will Web 2.0 take Silicon Valley?

"Peter Thiel, former chief executive of PayPal, runs a Menlo Park hedge fund, Clarium Capital. Last year, he joined with two other PayPal co-founders to launch a San Francisco venture capital fund called the Founders Fund. With $50 million to invest, it focuses on consumer Internet start-ups.

The firm typically likes to be the first to invest in a company, putting up $1 million or less.

Mercury News Staff Writer Matt Marshall recently caught up with Thiel."