Elite check-in service Topguest has "don of the PayPal mafia" on board | VentureBeat | News | by JP Manninen
Summary
Working in “sneak-preview” mode — meaning it’s aching to make announcements but isn’t ready yet — the company is backed up by an experienced venture capitalist, Peter Thiel, the co-founder and ex-CEO of PayPal. Topguest actually started out focused on a different market in July 2009, when co-founder and CEO Geoff Lewis was working on a product called Udorse. Thiel was the cofounder and CEO of PayPal, the online-payments service purchased by eBay, and he is a Facebook board member, a company the fund has also invested in. Nicknamed the “don of the PayPal Mafia” in Silicon Valley, Thiel has invested in many start-ups either personally or through a VC fund, including Yelp, LinkedIn, Friendster, and Yammer. The theme: “The year of the superphone and who will profit.” Now expanded to two days, MobileBeat 2010 will take place on July 12-13 at The Palace Hotel in San Francisco.
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