11.6 C
London
Sunday, November 27, 2022

Conservative capitalists fund their vision of the future • londonbusinessblog.com

Must read

The Trump team checks the damage after he has dinner with Ye and white supremacist Nick Fuentes

Former President Donald Trump distanced himself from a pre-Thanksgiving dinner Friday at his Mar-a-Lago club in Florida with Ye, formerly known as Kanye West,...

Stellantis to Restructure European Dealer Network in July 2023 • londonbusinessblog.com

Stellantis, the parent company of brands such as Jeep, Dodge, Fiat, Maserati and Peugeot, said on Thursday it would reorganize its European dealer networks...

Best 100 Black Friday deals still available in 2022: Earbuds, TVs, games

Black Friday is now a thing of the past, but many of the year's best deals on 4K TVs, video games, noise-canceling earbuds, robot...

Jump 7 years ahead of humans

When you played video games as a kid, you probably searched a lot cheat codes to help you gain a competitive advantage. Specific...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Given the political climate and Peter Thiel’s political views, it seemed ironic at first that Thiel Capital chose the ideal time to support 28, a self-described “femtech” company that offers fitness and wellness recommendations based on the phases of one’s menstrual cycle.

Then you start calculating.

Thiel is known for its rather right-wing interests and has put money into PACs to support the Senate campaigns of several populist Republicans. At the beginning of last year he stated: $10 million to a PAC that supports JD Vance’s run for a seat in the Ohio Senate. Vance infamous compared abortion to slavery.

Thiel also supported Blake Masters, a Trump-approved senate candidate from Arizona whose website once stated that he was completely pro-life and supported “a federal person law that recognizes that unborn babies are human beings that should not be killed.” The submission has since deleted, NBC News reported. Vance and Masters are former venture capitalists who have won their respective Republican primary. Both are supported by Thiel (although that support appears to be) diminishing.)

“The potential of innovation in the private sector is limitless, but so is the potential to wreak havoc.” Olivia DeRamus, Founder, Communia

Then you look at 28, an offshoot of Evie magazine. (A representative for Evie told londonbusinessblog.com that 28 and Evie are two separate entities and function as such, stating that Thiel Capital’s investment was only in the former rather than the latter. It should be noted, however, that the name of 28’s website was “28 by Eve,and 28byevie.com now redirects to 28.co). Evie is a publication that claims to focus on affirming femininity without the “biased agenda” of other publications.

That itself is coded transphobic language that tries to exclude trans women from the definition of femininity, a fact underlined by Evie who published a story in which she wondered if “the trans debate [is] a cause of the increase in mental health problems in women.In addition, the publication’s thoughts on abortion rights include writing that, for example, “abortion is the intentional termination of a human being in the womb, and that is never medically necessary.”

Although it is clear that 28 is now aim to distance itself from Evie, the startup’s version with ties to the magazine got a $3.2 million seed round led by Thiel’s venture firm. According to PitchBook, it is the only “femtech” the company has invested in. This is no coincidence. Thiel Capital’s decision to back 28 and its Evie-driven agenda seems to be one of many examples of right-wing investors and entrepreneurs marketing a certain kind of conservatism in different ways.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

The Trump team checks the damage after he has dinner with Ye and white supremacist Nick Fuentes

Former President Donald Trump distanced himself from a pre-Thanksgiving dinner Friday at his Mar-a-Lago club in Florida with Ye, formerly known as Kanye West,...

Stellantis to Restructure European Dealer Network in July 2023 • londonbusinessblog.com

Stellantis, the parent company of brands such as Jeep, Dodge, Fiat, Maserati and Peugeot, said on Thursday it would reorganize its European dealer networks...

Best 100 Black Friday deals still available in 2022: Earbuds, TVs, games

Black Friday is now a thing of the past, but many of the year's best deals on 4K TVs, video games, noise-canceling earbuds, robot...

Jump 7 years ahead of humans

When you played video games as a kid, you probably searched a lot cheat codes to help you gain a competitive advantage. Specific...

Post-Thanksgiving travel can be hampered by severe weather across the country

Heavy rain and strong winds are expected this weekend in the southern Great Plains, from Texas to Mississippi, where it's already raining, threatening travel...