Dialog — a secretive, invite-only network founded two decades ago by Peter Thiel and Auren Hoffman, the star investors and entrepreneurs — is preparing a major expansion, including a real estate purchase to build a campus in the D.C. suburbs, a source familiar with the group's plans tells Axios.

Why it matters: Dialog, often compared to a tech-era Bilderberg, has quietly become one of the most elite, and mysterious, gatherings for CEOs, elected officials, and intellectual heavyweights.

Dialog leaders are in active discussions to buy a physical venue in Virginia, just outside Washington, to serve as a permanent hub for its off-the-record meetings, the source says. • The decision to buy land, then build, within commuting distance of the capital shows the group isn't just kissing Presiden

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