Peter Thiel's time spent campaigning for Donald Trump during the election season has paid off. According to a statement released today, Donald Trump has named Thiel to the executive committee of his presidential transition team. The Verge reports: Thiel, who donated $1.25 million to Trump's campaign late in the election cycle, mostly stood alone among colleagues in his support for Trump, who was publicly disdained in the Valley. Thiel's support came at a cost to businesses like startup accelerator Y Combinator, which soon attracted negative publicity for having Thiel as a part-time adviser. Thiel also brought criticism to Facebook, where he is a board member, although Mark Zuckerberg defended his place at the company. Thiel further angered First Amendment supporters by bankrolling the Hulk Hogan lawsuit that brought down Gawker. Thiel said before the election that he would find some way of working with the Trump administration, and although his final role is unclear, his appointment to Trump's executive committee signals the relationship will indeed continue.
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