Web 2.0: Sean Parker on why Facebook will win, and Google will lose
Sean Parker, a managing partner at Founders Fund and an early president of Facebook, argued that a new breed of “network” companies will overshadow tech giants like Google over the next decade.
At just 10 years of age, Google will decline in importance relative to companies… Continue Reading
Founders Fund raises new fund, aims for more VC disruption
updated
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… Continue Reading
Ron Conway: Third-rate VCs are paying off entrepreneurs
Ron Conway, the most prolific investor in the latest wave of Internet companies, is hot for video companies, and ways to monetize them.
However, he’s upset by some recent investment practices, he says. Some VCs are offering entrepreneurs cash out of financing rounds, he tells reporter… Continue Reading
Introducing “Causes on Facebook”
updated
Serial entrepreneur Sean Parker’s new philanthropy focused company, Project Agape, launches tonight, with a special version of its software tailored for Facebook users.
It is called Causes on Facebook.
Just as significant as its launch, however, is its intent to showcase the strengths of Facebook’s new “Platform,”… Continue Reading
More on Project Agape, the meta non-profit
updated
Project Agape, as we mentioned earlier, is a site that wants to empower people to further their political or social cause using the Internet.
The site remains secretive for now, but we spent some time with co-founders Sean Parker and Joe Green last week, and got… Continue Reading
Parker’s Project Agape = Friendster + Facebook?
Entrepreneur Sean Parker’s latest undertaking is Project Agape, a secretive start-up working to empower people to further their political or social cause using the Internet.
Parker, 27, isn’t sharing much publicly about the company yet, but it’s worth noting because Parker tends to make waves when… Continue Reading
Ooma, home communications co., raises $12M
Updated
Ooma, a secretive Palo Alto, Calif. company that has labored for more than two years to produce a telecommunications product for the home, has raised $12M of an $18M Series B round, according to a regulatory filing cited by PE Week. Return backers include Worldview… Continue Reading
Philotic, a secretive politics social networking site, raises about $1.2M
More details are leaking out about Sean Parker’s first investment on behalf of The Founders Fund. We mentioned the Berkeley company, called Philotic, here.
Today, Dan Primack writes that it appears “to be an evolution of a politically-focused social networking site launched last fall called Predict06.com… Continue Reading
The “FF class” of stock, for founders who want cash early
(Updated with more details on how FF works)
A form venture capital funding in Silicon Valley is getting increased interest from founders of start-ups.
It is called the “FF class” of stock, for founders who want to cash out a small percentage of their stake in a… Continue Reading
Founders Fund hires Sean Parker as partner, to launch second fund
The Founders Fund, the venture firm led by former PayPal chief executive Peter Thiel, has hired Sean Parker, the controversial entrepreneur, who has just turned 27, as a managing partner.
Parker somehow attracts attention wherever he goes. He has already launched three well-known companies. At… Continue Reading