Silicon Valley investor to join Trump transition team

After standing alone as the only Silicon Valley investor to publicly support President-elect Trump, Paypal co-founder Peter Thiel will join Mr. Trump's presidentital transition team, USA Today reports.

A spokesperson for Mr. Thiel couldn't be reached for comment.

After speaking at the Republican convention and donating $1.25 million to Mr. Trump's campaign, Silicon Valley openly criticized Mr. Thiel, calling on him to step down from his board position at Facebook and part-time advisor position at Y Combinator, according to The New York Times.

But Mr. Thiel stood by the Republican candidate. "His odds were very badly underestimated. Trump voters were not being captured by the polls. A lot of the dynamics were very similar to the Brexit vote in the U.K.," said Mr. Thiel.

Mr. Thiel said he'll continue to support the president-elect. "A page in the book of history has turned, and there is an opening to think about some of our problems from a new perspective," he said.

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