The Founders Fund
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| The Founders Fund | |
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| Type | Venture fund |
|---|---|
| Founded | July, 2005 |
| Headquarters | San Francisco, California, USA |
| Industry | Finance |
| Website | www.thefoundersfund.com |
The Founders Fund is a $50 million San Francisco, California venture capital firm that has led several early stage funding rounds for well known Web 2.0 start-up companies.
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[edit] History
The firm was organized by Managing Partners Peter Thiel and Luke Nosek in early 2005, and raised its first fund of $50 million from individual entrepreneurs and angel investors in July of that year. It subsequently took on two more partners and is presently raising a second fund targeted for $120-$150 million from larger, more sophisticated investors.[1]
[edit] Team
The firm is made up of the following Partners:
- Peter Thiel, founder and former CEO and Chairman of Paypal
- Ken Howery, founder and former CFO of PayPal
- Luke Nosek, founder and former Vice President of PayPal
- Sean Parker, founder and former CEO of Napster, Plaxo and Facebook
[edit] Portfolio
The Founders Fund has made investments in the following companies:
- Engage.com
- Facebook.com
- IronPort
- jaxtr
- koders
- Powerset.com
- Rapleaf
- slide.com
- Smartdrive Systems
[edit] References
- ^ Guynn, Jessica. "The Founders Fund emerges as venture capital 2.0", The San Francisco Chronicle, December 13, 2006. Retrieved on January 20, 2007.
[edit] External links
- The Founders Fund (official website)
