Thiel was speaking Monday at the National Press Club in Washington. He has donated $1 million to a pro-Trump super PAC and gave $250,000 to Trump's campaign and Republican partners.

Plus, it had buzz—it was run by Max Levchin, a PayPal cofounder, making him an O.G. member of the PayPal mafia, along with Silicon Valley royalty Elon Musk, Peter Thiel and Reid Hoffman.

'I plan to tell the president-elect that ... if he can reform the tax code, reduce regulation and negotiate better trade deals, the US technology industry will be stronger and more competitive ...