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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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