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Founders Fund Closes In on $2.7 Billion for New Fund

By Zoë Bernard
· · Source: The Wall Street Journal

Silicon Valley venture firm Founders Fund is closing in on $2.7 billion for a new fund, the Wall Street Journal reports. The firm, which has backed companies like Facebook, SpaceX, AirBnB, and Stripe, reportedly plans to invest $1.5 billion of the new money into late stage opportunities. Founders Fund’s plan to redouble its spending on late-stage bets is in keeping with the trend in venture...

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How 5 Biotech Investors Are Responding to the Covid-19 Crisis
By Kate Clark and Shai Oster · May 25, 2020 7:01 AM PDT

When an oxygen tank exploded aboard the ill-fated Apollo 13 in 1970, a team of NASA engineers used cardboard, plastic bags and duct tape to rescue the astronauts on board. 

Andreessen Horowitz general partner Vijay Pande, who invests out of the firm’s $750 million biotech fund, likens the Apollo 13 engineers to the entrepreneurs developing new technologies in response to Covid-19.

...

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