Peter Thiel, known as the “Don of the PayPal Mafia” declared clean technology a “disaster” at Venture Beat’s TechCrunch Disrupt 2011 conference in San Francisco.
OK folks, go on home, stop all this saving-the-world-green energy-stuff. It just isn’t working. Thiel has spoken.
Thiel is a billionaire libertarian hedge fund manager and venture capitalist who founded PayPal and was an early investor in Facebook and Linked-in amongst other software, social network, and data analytics companies. He endorsed Ron Paul for President in 2007 and Meg Whitman for California Governor in 2010. Thiel has begun a “20 Under 20” grant program for young entrepreneurs through his Thiel Fellowship program.