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Founders Fund is an American venture capital fund formed in 2005 and based in San Francisco. The fund has roughly $12 billion in total assets under management as of 2023. [ 1 ] Founders Fund was the first institutional investor in Space Exploration Technologies ( SpaceX ) and Palantir Technologies , and an early investor in Facebook .
Founders Fund has garnered a lot of money from investors; it has also returned quite a bit of capital. Yesterday, the 17-year-old outfit took the wraps off more than $5 billion in fresh capital ...
Elon Musk reposted a meme that mocks Bill Clinton's claim in 2000 that the US could be 'debt-free' within 10 years — national debt now stands at $34T, Musk warns it will 'soon exceed $100T ...
Backed by Founders Fund, Pirate Wires expanded with the hiring of several full-time reporters and, according to Business Insider, moved from email to "a splashy website reminiscent of Vice". [ 11 ] [ 8 ] The coverage of Pirate Wires has been described as "left-critical," and Solana has been called Thiel's protégé.
Investors at several venture capital firms, including executives at Peter Thiel's Founders Fund, Union Square Ventures and Coatue Management [43] [44] urged their portfolio companies to withdraw their deposits from the bank, [45] with Founders Fund withdrawing all of its funds from the bank by the morning of March 9. [46]
“There’s even under consideration a new concept where we give 20% of the DOGE savings to American citizens, and 20% goes to paying down debt, because the numbers are incredible, Elon,” Trump ...
In 2021 while at Founders Fund Rabois co-founded Miami-based OpenStore, a retail-holding startup that acquire brands in the Shopify ecosystem. [29] It raised $75 million at a $750 million valuation. [30] Rabois left Founders Fund in January 2024 to rejoin Khosla Ventures, but continues to represent it on the boards of Ramp, Found, and Trade ...
Founders Fund, known for its early bets in companies such as SpaceX and Meta, now has over $12 billion in assets under management. It hired Joey Krug as partner in April 2023 to focus on crypto ...