Leomoo.com

Investment banker-turned-entrepreneur A.J. Steigman is hereby challenging venture capital legend Peter Thiel to an epic chess match.

If he loses, Steigman will give up a share of streetwear social network and e-commerce platform Soletron.

Exactly how much equity Steigman would be willing to give up would be determined by the two parties — if Thiel accepts the challenge. 

If he wins, Steigman wants the PayPal founder to pay him $1 million to go towards his company’s series A fundraising round.

“I’m doing this for all the entrepreneurs or business owners who have great ideas, but don’t have the capital to see it go through,” Steigman says. “I want to show that there are unconventional ways to raise money.”

The entrepreneur contacted us following our recent feature on chess players in the business world.

“I have nothing but absolute respect for Peter,” Steigman says. “He’s such an idol in business, chess and corporate philosophy. We’re just so evenly matched that it’d be a very tight match.”

Here’s the breakdown:

Thiel rates 2199 internationally and 2287 in the U.S., while Steigman rates 2274 internationally and 2283 in the U.S.

Both players are in the  top 1 percent of all chess players in the U.S., and have the same title of Life Master,

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