We follow our clients very closely here at Toi.

So we were pretty stoked to wake up to a profile of 2011 Thiel Fellow James Proud on Forbes yesterday:

“On Wednesday morning, Proud announced the sale of [GigLocator] to Peter Shapiro, a New York music entrepreneur who owns the Brooklyn Bowl and Relix magazine. Shapiro says he plans to integrate the the site’s technology into undisclosed future plans and will have a team continue to develop off the foundation that Proud created.

‘I could tell the direction that he was going with it, and the kinds of information and the functionality it provided 20 yards down the field,’ says Shapiro of GigLocator, for which he paid a six-figure sum.

GigLocator’s site now features a ‘closed doors’ message and Proud says he has moved onto other side projects, among them a brief collaboration with PayPal cofounder Max Levchin. His Twitter exploits show him hanging around Sean Parker’s Airtime and making grilled cheese with Dustin Moskovitz, connections he would likely not have made had he been in a university and taking daily classes. Still, the independent Proud, who is currently living in the U.S. on a visa, says that missing school isn’t for everyone.

‘I wouldn’t say that everyone can skip university and I think even Peter said that not everyone should skip university,’ he says. ‘He’s just saying that for some people, university isn’t the right option.’”

Read the rest of James’ profile on Forbes here.