Peter Thiel’s VC firm moves from S.F. to Austin for its food trucks, tolerance and lower costs

San Francisco-based venture firm Mithril Capital Management, founded by Peter Thiel and Ajay Royan, is moving its headquarters to Austin next year, when its Presidio office lease ends.

The departure, reported today in the Austin Business Journal, is turning heads given the reasons cited: Austin’s food truck scene, lower costs and greater diversity of thought.

That could be especially attractive to supporters of President Trump, including Thiel.

The Bay Area’s escalating costs, Royan told TechCrunch,…