The venture capital firm co-founded by famed investor Peter Thiel is relocating from San Francisco to Austin, according to a TechCrunch report.
Mithril Capital Management co-founder Ajay Royan told TechCrunch that he chose Austin because of its lower costs and thought diversity. “If it’s expensive for the company to take risk, it’s going to be expensive for you to take risk inside the company, which means your career will take a different path than otherwise,” Royan told TechCrunch. “What made (Silicon Valley) really attractive was it was one giant incubator as a society, with a lot of pay-it-forward culture and a low cost of trying. Now I’m worried about all three of those.”
