I just read news that a virtual currency company serving Facebook just got $1.5M in backing. The reason this was a head-turner was that one of the investors was Peter Thiel…
Is this a “sign” that Peter Thiel has found the next big thing? is it an indicator that PayPal has lost it’s edge? or could it be a vote and strategic move for Thiel to initiate a future acquisition? Whatever the case, this recent funding brought back memories of how ebay bought a PayPal competitor, then ended up buying PayPal when the PayPal still dominated ebay sales transactions.
