Here's Why Peter Thiel's Speech at the RNC was So Important to the GOP

Venture Capitalist Peter Thiel's speech at the Republican National Convention was 'extraordinarily significant for the GOP', according to Greg Ferenstein, a technology journalist and author of The Age of Optimists. Ferenstein says Thiel 'is really the only person' from Silicon Valley who will support Trump. He added that Silicon Valley favors Democrats, and while Thiel's speech won't convince anyone from that area to vote for Trump, it was good for the nominee's reputation.  Thiel was a co-founder of PayPal  (PYPL) - Get Report  and an early investor in Facebook (FB) - Get Report .