ISSUE – Fab. 19 | Mithril Capital promised to be the “capstone” to Peter Thiel’s investment empire. It ended up as a major distraction

Seven years ago, a smooth-talking associate of Peter Thiel promised that he had launched the “capstone” to Thiel’s investment empire, naming their new firm after a mythical metal in Lord of the Rings because it was flashy yet permanent.

“It’s invaluable,” leader Ajay Royan told one interviewer about Mithril Capital. “It’s lifesaving. It’s sustainable. It has all of the things we’d like to be associated with.”

But Mithril Capital is primarily associated with some other things these days: drama, disarray, and unanswered questions about its finances. [ Re/Code ]

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