|[June 19, 2012]
Mithril Capital Management Launches Growth-Stage Technology Investment Firm
SAN FRANCISCO --(Business Wire)--
Peter Thiel today announced that Mithril Capital Management (Mithril),
a new global tech venture firm based in San Francisco, will begin
seeking bold technology entrepreneurs and sponsor the growth of their
Mithril focuses primarily on growth equity opportunities across the
global technology sector, investing in companies that have moved beyond
the traditional venture-backed stage and prefer to remain private as
"Technology holds solutions to most of the world's most pressing
challenges, from resource scarcity to disease. Solving an intractable
problem may require a decade of work, but a lifetime of vision," said
Peter Thiel, Mithril's co-founder and chairman of the investment
committee. "Mithril will play a patient, focused, and pivotal role in
helping the world's most outstanding creative minds and build lasting
companies that change the world."
Ajay Royan, co-founder and managing general partner, serves on the
investment committee and leads the Mithril team. He developed broad
experience ad insight by collaborating with Thiel on finance and
technology projects since 2003, including as managing director at
"Many great inventions are driven by a spirit of dissent and curiosity,"
said Royan. "That spirit defines and pervades Silicon Valley, but it can
be found everywhere in the world. Just as SAS Institute inaugurated
modern business intelligence software, FANUC scaled industrial robotics,
and ARM (News - Alert) redefined efficient mobile computing, Mithril companies, if
we're right, will foment changes that will seem inevitable after they
Mithril will offer its portfolio companies access to guidance and
collaborative opportunities from the Thiel network of fellow tech
industry trailblazers. The firm's long-term approach, global focus and
emphasis on technology-driven growth potential complements the
strategies of Thiel's venture capital group Founders Fund and global
macro fund Clarium.
Jim O'Neill, the former principal associate deputy secretary of health
and human services, former managing director of Clarium, and co-founder
of the 20 under 20 Thiel Fellowship, will also be a partner in Mithril.
"Peter's tech vision has inspired countless entrepreneurs and built a
network that grows broader, deeper and more global with every passing
year," said O'Neill. "Peter and Ajay have the vision to back great
companies and the patience to help them scale and define industries."
About Mithril Capital Management
Mithril Capital Management is a private venture investment firm focused
on growth equity opportunities across the technology sector. Mithril's
investment committee is chaired by co-founder and investor, Peter Thiel,
the entrepreneur and philanthropist. Mithril's team is led by co-founder
and long-time Thiel colleague Ajay Royan. The firm prioritizes long-term
relationships with companies holding the greatest potential over those
with odds for a quick exit. This design offers portfolio companies a
sustained investment partner across their growth life cycle.
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