The Founders Fund

The Founders Fund

Infobox_Company

company_name = The Founders Fund
company_
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company_type = Venture fund
genre =
foundation = July, 2005
founder =
location_city = San Francisco, California
location_country = USA
location =
origins =
key_people =
area_served =
industry = Finance
products =
revenue =
operating_income =
net_income =
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homepage = [http://www.thefoundersfund.com www.thefoundersfund.com]
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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.

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. [cite news
last =Guynn
first =Jessica
coauthors =
title =The Founders Fund emerges as venture capital 2.0
work =
pages =
language =
publisher =The San Francisco Chronicle
date =December 13, 2006
url =http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2006/12/13/MNGECMUMRE1.DTL
accessdate =2007-01-20] In 2007 the firm raised a new fund of $220 million.cite news|publisher=Los Angeles Times|url=http://www.latimes.com/business/investing/la-fi-founders18dec18,1,6840237.story?coll=la-headlines-business-invest|title=Facebook backer now a rival to venture capitalists|author=Jessica Guynn|date=December 18, 2007|accessdate=2007-11-23]

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

Portfolio

The Founders Fund has made investments in 23 companies as of December, 2007. Among them are Engage.com, Facebook.com, Geni.com, IronPort, jaxtr, koders, Ooma, Powerset.com, Quantcast, Rapleaf, slide.com, and SmartDrive Systems.

On August 4, 2008 SpaceX announced that they had received $20 million in equity investments from The Founders Fund [http://spacex.com/press.php?page=47 [3]

References

:3. SpaceX [http://spacex.com/press.php?page=47 announcement]

External links

* [http://www.thefoundersfund.com/ The Founders Fund] (official website)


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