"Silicon Valley is a one-party state", Thiel said at a recent debate about tech and politics at Stanford University with Reid Hoffman, fellow venture capitalist and PayPal Mafia member, and co-founder of LinkedIn.
That includes possibly resigning from the board of Facebook (NASDAQ:FB), according to the report.
Peter Thiel, billionaire investor and one of the biggest names in Silicon Valley, is leaving the tech hub and moving to Los Angeles.
The billionaire investor is expected to stay on the board in the near term, while investment firms Thiel Capital and Thiel Foundation will relocate to Los Angeles later this year, according to the report.
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The hedge fund manager and PayPal co-founder could also step down from his role on the Facebook board, where he's been a director since 2005.
The billionaire entrepreneur - a member of the PayPal Mafia, Facebook's first outside investor and venture capitalist with his fingerprints all over Silicon Valley - has always been known for his libertarian views, but what thrust him into the center of the valley's political and cultural wars was his support of President Trump. He donated $1.25 million to Mr Trump's campaign in 2015 before serving as an adviser on the new president's transition team.
This past November, Thiel sold three-quarters of his remaining stake in Facebook as part of a previously established trading plan. "That's when you get in trouble politically in our society, when you're all in one side". He was the first outside investor in Facebook and made early-stage investments in Yelp, LinkedIn, and Quora. He has been harsher in private, criticizing Silicon Valley as "mono-cultural" and "toxic" with a high cost of living and tendency for group think, according to people familiar with his thinking.
In Los Angeles, Thiel will reportedly attempt to create a new conservative media outlet.