Founders Fund raises new fund, aims for more VC disruption
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The Founders Fund, a maverick venture firm run by veteran entrepreneurs, has just raised a new fund of $220 million.
The firm will invest money from the fund, officially called Founders Fund II, in 15 to 20 early-stage startups.
The San Francisco firm has made a point of giving power to entrepreneurs in ways that many competing firms don’t. In its view, this focus is fixing the venture business model.
Specifically, it will continue its practice of offering… Continue Reading