Mar
16
Founders Fund Is Said to Have Raised $1 Billion for Recent Fund
ByFounders Fund, the venture capital firm co-founded by the billionaire Peter Thiel, has raised more than $1 billion for its latest investment fund, a person with knowledge of the matter said Wednesday.
Started in 2005 by Mr. Thiel, Ken Howery and Luke Nosek — all of whom were veterans of PayPal — Founders Fund has had its fund sizes grow considerably over the years. Two years ago, the firm closed its fifth fund at $1 billion, a far cry from the $50 million that it raised for its initial fund…
Founders Fund Is Said to Have Raised $1 Billion for Recent Fund
