Find XO: Why Peter Thiel Bet $200 Million on a Cow Necklace Startup (techcrunch.com)

- Peter Thiel's Founders Fund led a $220 million Series E round for New Zealand agricultural startup Halter, bringing its valuation to $2 billion. - Halter provides virtual fencing and health management using a solar-powered GPS collar worn by cows, and has already sold over one million units, managing 10% of New Zealand's cattle. - Investors valued the business model more for converting ranch operating costs into a monthly subscription fee than for the sensor itself.