The Founders Fund
From Wikipedia, the free encyclopedia
| 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 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, Luke Nosek, and Ken Howery in early 2005, and raised its first fund of $50 million from individual entrepreneurs and angel investors in July of that year. In 2006, Sean Parker, co-founder of Napster and Facebook, joined as managing partner.[1] In 2007 the firm raised a new fund of $220 million.[2]
[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 23 companies as of December, 2007.[2] Among them are Engage.com, Facebook.com, Geni.com, IronPort, jaxtr, koders, Ooma, Powerset.com, Quantcast, Rapleaf, slide.com, and SmartDrive Systems.
[edit] References
- ^ Guynn, Jessica. "The Founders Fund emerges as venture capital 2.0", The San Francisco Chronicle, December 13, 2006. Retrieved on 2007-01-20.
- ^ a b Jessica Guynn. "Facebook backer now a rival to venture capitalists", Los Angeles Times, December 18, 2007. Retrieved on 2007-11-23.
[edit] External links
- The Founders Fund (official website)
