An upstart financial firm backed by
Peter Thiel
and
Bill Ackman
has a message for American corporations: Focus on making money, not taking stands.
Vivek Ramaswamy,
who made his fortune in pharmaceutical startups before writing a book last year called “Woke, Inc.,” says he has raised $20 million to start a fund manager that would urge companies not to wade into hot-button social or environmental issues. Mr. Thiel invested both personally and through his Founders Fund, joined by
co-founder
Joe Lonsdale
and other venture investors.
Mr. Ramaswamy’s ambitions speak to the culture wars nipping at U.S. corporate executives….
