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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.

 

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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.

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