Would you stake your business on a game of chess? That’s what A.J. Steigman is hoping to do. The founder and CEO of social shopping service Soletron has issued a public challenge to Peter Thiel, co-founder of PayPal. Both are highly ranked Life Master chess players. If Thiel beats Steigman, the latter has said he will hand over an equity position in Soletron. In return, if he wins, he’s asking for a $1 million investment.
[Source: Venture Beat]