During the COVID-19 pandemic, mortgage interest rates dropped to historic lows — as low as 2.5%. Fast-forward a few years and rates soared — to highs nearing 8% in 2023, with the national average 30-year fixed mortgage APR as of April 1 still at 6.84%. The whiplash has left many people seeking to buy homes…
Category: Founders Fund
Founders Fund, Fundraising, Global IT News, Global Security News, growth funding, Peter Thiel, Venture
Founders Fund is about to close another $3B fund
Founders Fund is on track to conclude fundraising of its third growth fund at the end of March, according to people close to the firm. The Peter Thiel-founded outfit is raising $3 billion, a source told TechCrunch and Axios also reported. The fund, which is intended primarily for additional investments in its successful late-stage portfolio…
anduril, Founders Fund, Global IT News, Global Security News, Palmer Luckey, Startups, TC, Trae Stephens
Anduril in talks to raise up to $2.5B at $28B valuation
Just six months after defense tech Anduril raised a massive $1.5 billion round that valued the company at $14 billion, it’s in talks to raise another $2.5 billion, at a valuation of up to $28 billion, sources told CNBC. The deal would, not surprisingly, be led by Founders Fund, which is reportedly writing a $1…
23andMe, Biotech & Health, Founders Fund, genetics, Global IT News, Global Security News, Peter Thiel, Startups
Controversial genetics testing startup Nucleus Genomics raises $14M Series A
The company, founded by 25-year-old Kian Sadeghi, announced a $14 million Series A, bringing its total funding to about $32 million. © 2024 TechCrunch. All rights reserved. For personal use only.
Climate, Denmark, Donald Trump, Founders Fund, Global IT News, Global Security News, Government & Policy, greenland, Ken Howery, PayPal Mafia, Real estate, Venture
Ken Howery: the tech mogul at the center of Trump’s Greenland ambition
Surprise! Donald Trump’s big, audacious ambition to buy Greenland from Denmark has a tech angle. Ken Howery, named by U.S. President-elect Trump’s pick to be the next ambassador to the country (and thus chief broker of any deal), is one more part of the rich seam of tech people running through Trump’s upcoming administration. Part…
evergreens, Founders Fund, Global IT News, Global Security News, investors, Keith Rabois, Startups, Venture, venture capital
Venture capitalists continue to play musical chairs
From Keith Rabois to Matt Miller, a lot of VCs have switched firms or spun out of storied VC institutions this year. These employment changes are surprising because unlike in many other fields, venture capitalists don’t traditionally move around very much — especially those who reach the partner or general partner level. VC funds have…
Crypto, Exclusive, fbi, feuds, Founders Fund, Global IT News, Global Security News, Kalshi, Polymarket, presidential election, social media, Startups, Venture
Kalshi CEO admits enlisting influencers to dis Polymarket in a now-deleted podcast segment
Kalshi’s CEO, Tarek Mansour, confirmed on a podcast interview that his employees did ask social media influencers to promote memes about the FBI’s raid on the home of his arch rival, the CEO of Polymarket. Both of these companies offer competing events-betting markets, a new kind of betting industry where people wager about the outcomes…