He’s ‘somewhat concerned by the frothiness of the market. There are his chances of investing outside the computer related field.
Though Peter Thiel, the main capitalist behind PayPal and one of the people funding the Facebook In. In the initial stages is confident about the reliability and scope of technology sector, yet he believes in having more than one income streams.
Last Tuesday speaking at LendIt USA Conference in San Francisco, he said that Tech startups are no matter a good place to invest money and so are other mainstream businesses and properties like houses, public properties and Government Bonds. He also added that the Silicon Valley business is a totally different one than these mainstream businesses. People have been reluctant in investing in Tech startups in USA since the late 2015 due to some failed or not-so-successful startups sometimes the situations just don’t let the business thrive. Theil added to his statement, he is concerned to some extent with the unpredictability and changing nature of the Tech markets. Though chiefly declared a tech company, Thiel is expected to invest 1.3 Billion Dollars abroad in non-Tech sectors.
According to latest reports and Thiel’s own statements, he is going to invest about two-thirds of his money in futuristic technologies, enterprise software and consumer Internet. In his statements recently given to the media, he mainly concentrated on saying that it would be better to invest outside the Silicon Valley.