Author: dumbcapital

Investor Peter Thiel compares Silicon Valley to North Korea

Billionaire venture capitalist — and incoming Stanford instructor — Peter Thiel is criticizing Silicon Valley once again, calling it a “one-party state” akin to North Korea. Thiel spoke earlier this week at a high school leadership summit in Washington D.C. hosted by the conservative youth organization Turning Point USA. Thiel spoke about his experience as…

Read More

MoviePass borrowed $5M to end yesterday’s outage

More bad news for subscription movie ticket service MoviePass, which acknowledged yesterday that there was an unidentified issue preventing people from using their MoviePass credit cards to get tickets. A regulatory filing from parent company Helios & Matheson offers more insight about what happened. The filing (first spotted by Business Insider) announces a “demand note”…

Read More