• Subscribe to our blog and never miss a new post! It's easy, fun, and thrilling! (Well, it's easy - the jury's still out on the rest.) Just enter your e-mail address in the box below, then click the button.

    Join 158 other followers

  • Advertisements

Billionaire Chess Match

A.J. Steigman vs Peter Thiel

A.J. Steigman is the chief executive of Soletron, a social e-commerce platform. Peter Thiel is a legendary venture capitalist, co-founder of PayPal and initial investor in Facebook, his $500,000 investment now worth $1.9 billion. Both are internationally ranked as “life master”.

Steigman (2291) challenged Theil (2190) and will give up a share of streetwear social network and e-commerce platform Soletron. Exactly how much equity Steigman would be willing to give up would be determined by the two parties – if Thiel accepts the challenge. If he wins, Steigman wants the PayPal founder to pay him $1 million to go towards his company’s series A fundraising round. The loser invests a million dollars or provides equity in Soletron.

Learn more about this chess match here.



2 Responses

  1. is this the world’s record prize for a chess game?

    • No, Anand just received $1.4 million for retaining the World Chess Championship. That is just off the top of my head. I am pretty sure Fischer and Kasparov have received million dollar prizes.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: