By now, you’ve probably heard about the new food service startup Taste the Difference, which aims to provide high-quality, affordable food for low-income people in underserved areas.
While the startup’s website promises to “build a better, more inclusive restaurant for the world,” the reality is far less rosy.
According to a report from the non-profit Center for Investigative Reporting (CIR), the startup spent only $3.6 million on food in its first six months, and that figure has barely budged since.
And yet, the startup has received funding from some of the richest men in Silicon Valley.
The startup’s founder and CEO, Seth Rosenblum, has already made over $7.7 million from venture capital and angel investments.
That’s almost $8,000 a month.
The food service company has also hired a slew of other billionaires and billionaires-turned-billionaires.
But there’s one person in particular who’s been a major driver of the company’s success: billionaire and venture capitalist Peter Thiel.
“Seth Rosenblums vision of a startup where every employee gets a $5,000 paycheck is really powerful,” said Eric Gagnon, executive director of the nonprofit.
“It really does seem to have lifted the bottom line for him.
And that’s really important.”
As The Atlantic recently reported, Rosenbloms philanthropy has also allowed him to become one of the wealthiest people in Silicon and the world.
The former CEO of Facebook and Google, Thiel founded the Peter Thiel Foundation with his wife, Susan.
The philanthropy aims to create “a platform for the sharing of ideas and the sharing and democratization of technology.”
In 2016, Thiel made headlines for donating $1.6 billion to various causes.
He’s also been a vocal advocate for gay rights and LGBT rights, and for the legalization of marijuana.
In recent years, he’s also donated millions to groups like the ACLU and the ACLU Foundation, which is responsible for the landmark Supreme Court case legalizing gay marriage nationwide.
As the Huffington Post notes, Thiel is also the CEO of the technology company Oculus, which has partnered with the EFF to create a public policy project focused on privacy and security.
“Thiel has long been one of Silicon Valley’s most outspoken tech billionaires, and he has a long history of fighting for the rights of women and people of color,” says Emily Bazelon, director of advocacy at the non the nonprofit Project Censored.
“He has been a strong supporter of the ACLU’s efforts to keep information from being collected by police and intelligence agencies and to protect the privacy of individuals who use social media and apps like Oculus.
Thiel’s support of civil liberties in the digital age is a reminder of how much he’s cared about the lives of ordinary people.”
It’s a sentiment shared by many of the people who work for the food service startups that have been around for years, but few people realize that Thiel’s involvement in these businesses may be as important as what he’s invested in.
As The Huffington Post noted, the Thiel Foundation has been one the most active and prolific donor groups in Silicon valley.
“The foundation’s work has been invaluable in helping the companies in question create products and services that serve people of all backgrounds and all abilities,” Thiel told The Atlantic in a statement.
“We are proud to have helped launch the careers of some of Silicon’s most talented entrepreneurs and we are thrilled to support their work.”
For some of Thiel’s philanthropy efforts, that includes investing in the Black Lives Matter movement.
to The Wall Street Journal, Thiel has made nearly $250 million in donations to organizations and individuals in the past 10 years, making him one of tech’s wealthiest people.
The tech titan has also made headlines in recent years for donating millions to organizations like the EFF, the ACLU, and the Human Rights Campaign.
In the past few years, Thiel also donated $20 million to an anti-bullying group called StandWithUs, a charity dedicated to fighting the spread of bullying.
Thiel also gave more than $100 million to the ACLU in 2015.
While he’s been involved with these groups, his biggest financial gift was to the non profit Center for Media and Democracy, which was founded by the journalist James Carville.
According “The Peter Thiel Saga,” Carville, who has long served as a journalist and a prominent critic of Silicon valley, became involved in the startup industry when it was still in its infancy.
He founded the organization in 2004 to bring a variety of nonprofits together to create, build, and operate a digital platform that would help them reach out to consumers and make a difference in the lives they live.
“In 2004, he founded The Peter Thiel Story, a non-partisan, non-commercial nonprofit organization that focused on building a platform for social and political reform,” The Wall St Journal wrote.
“TODAY, Thiel and the Peter T. Thiel Foundation are responsible for bringing a diverse array of organizations together to build the