However, Meissner adds, the fund could just afford to invest only in top winners. “Everything that falls left and right is accepted.” If a company does not run so well, the interest of investors plummets, while the “darlings” of the portfolio get the full attention. Meissner had no direct contact with Peter Thiel personally.
Max Bachem, CEO of the insurance company Coya, also has no direct contact with Peter Thiel. The contact persons instead: James Fitzgerald and Andrew McCormack. The two founded Valar Ventures with Thiel and have been the tech investor’s companions for a long time. McCormack was Peter Thiel’s assistant back in 2001, when he was still the head of PayPal. And from 2008 Fitzgerald worked as COO at Thiels investment fund Thiel Capital.