Peter Thiel raised a $32 million fund to invest in startups in... New Zealand, reports the WSJ.
The reports say he "set up" or "opened a fund", but this is not technically true.
As we reported more than a year ago, Thiel has been actively investing in New Zealand for many years. His New Zealand investment firm, Valar Ventures, was registered in July of 2009. So while this is a new fund, the venture firm itself is almost three years old. He described New Zealand to us as "utopia."
To read the full, original article click on this link: Facebook Billionaire Peter Thiel Raises New Venture Fund To Invest In His "Utopia"
