Conservative capitalists finance their vision of the future • TechCrunch

Due to the policy Climate and Peter Thiel’s Political Views It seemed ironic at first that Thiel Capital now chose the perfect time to support 28, a self-described “femtech” company that makes fitness and wellness recommendations based on the phases of an individual’s menstrual cycle.

Then you start doing the math.

Thiel is known to have Right-wing interests And pour money into PACs that support Senate campaigns for various populist Republicans. For example, early last year, gave 10 million dollars To a PAC that supports JD Vance’s Run for a Seat in the Ohio Senate. The notorious Vance comparison Abortion for slavery.

Till also backed Blake Masters, a Trump-backed Senate candidate from Arizona whose website once stated that he was totally pro-life and supported “a federal character law recognizing that unborn children are human and must not be killed.” login has It has since been deleted, NBC News reported. Vance and Masters are two former venture capitalists who won the Republican primary. Both are supported by Thiel (although this support seems to be waning.)

“The potential for innovation in the private sector is limitless, but so is the potential for harm.” Olivia Deramos, Founder of Communia

Then you look at 28, a branch of Evie magazine. (A representative for Evie told TechCrunch that 28 and Evie are separate entities and operate as such, noting that Thiel Capital’s investment was only the former and not the latter. However, it should be noted that the name of the 28’s website was”28 by Evie,And now redirects to Evie is a publication that claims to focus on asserting femininity without the “biased agenda” of other publications.

This in itself is transphobic language that seeks to exclude trans women from the definition of femininity, a fact confirmed by Effie as she published a story that questioned whether “transient controversy [is] The reason for the rise in mental health problems in women.Further, the publication’s thoughts on abortion rights include writing the following, for example,Abortion is the intentional end of a human being in the womb, which is not medically necessary. “

Although it is clearly 28 now Aims To distance itself from Evie, the startup version with links to the magazine landed on $3.2 million seed round Led by Thiel’s Venture. According to PitchBook, it is the only “femtech” the company has invested in. This is no coincidence. Thiel Capital’s decision to support 28 and its Evie-backed agenda appears to be one of many examples of the right-leaning investors and entrepreneurs bringing a particular brand of conservatism to market in a number of ways.

Source link

Related Posts