Founders Fund

Tech billionaire Peter Thiel has voiced doubts about Bitcoin’s (CRYPTO: BTC) capacity for significant price growth while also expressing regret for not purchasing more of the cryptocurrency. What Happened: Thiel, who co-founded payments giant PayPal and the Founders Fund, expressed skepticism...

More business leaders are speaking out on politics, with a growing number in Silicon Valley and the technology sectors backing Donald Trump over President Joe Biden in the 2024 election. Two Palantir Technologies Inc (NYSE:PLTR) co-founders both pledged support to Trump this week. Peter Thiel...

In a recent development, Founders Fund, the venture capital firm established by billionaire Peter Thiel, has reportedly invested significantly in the cryptocurrency market. What Happened: The Founders Fund invested $200 million in cryptocurrency tokens, with half the amount in Bitcoin (CRYPTO: BTC...

Ondo Finance, a tokenization project backed by Coinbase Global Inc (NASDAQ: COIN), announced plans to expand to the Asia Pacific region. The announcement follows an over 60% price surge for the ONDO token over the last seven days. What Happened: On Sunday, Ondo Finance announced...

Best known as the CEO of Tesla, Elon Musk also wears many other hats with titles of co-founder, owner and CEO pertaining to SpaceX, The Boring Company, Neuralink and social media platform X, formerly known as Twitter. One of the companies co-founded by Musk recently landed a funding round...

Peter Thiel, co-founder of PayPal Holdings Inc (NASADQ: PYPL) and billionaire venture capitalist founder of Founders Fund, could face legal consequences for his potential involvement in the run on Silicon Valley Bank (NASDAQ: SIVB) earlier this month. What Happened: The sudden withdrawal of...

Peter Thiel's Founders Fund has advised companies to pull money from SVB Financial Group‘s (NASDAQ:SIVB) bank in the backdrop of concerns about its financial stability, reported Bloomberg, citing people familiar with the matter. The firm told portfolio companies there was no downside to...

Peter Thiel’s venture capital firm Founders Fund has cashed out on its eight-year investment in Bitcoin (CRYPTO: BTC).  What Happened: This comes a month after Thiel extolled the benefits of Bitcoin at a Miami conference. The firm had sold off the vast majority of its...

Shoppers at the largest grocery chain in America can start earning Bitcoin for making their normal everyday purchases. Bitcoin prices have soared to the $16,000 level and some analysts think it could be headed to $20,000. What Happened: America’s largest grocery chain and second largest...

Two of the biggest names connected to Facebook Inc (NASDAQ: FB) are now connected through sharing Sept. 30, 2020, as the day of companies they founded going public via direct listings. Peter Thiel: The first big outside investor in Facebook was Peter Thiel. He has since sold most of his...

President Donald Trump’s newly-formed American Technology Council will meet Monday for the first time. Its members will dive straight into a broad range of issues, meant to develop new best practices for government regarding its use of information technology. The council’s agenda...

Brian Singerman, a general partner at Founders Fund, was ranked fifth on the Forbes annual Midas List, which is a ranking of the top venture capitalists. Among some of the fund's holdings include Facebook Inc (NASDAQ: FB) and privately held Spotify, Lyft, Airbnb, SpaceX and Palantir. Speaking...

This June in London, European tech firms will gather to honor the field's best and brightest new businesses at the Europas. The event recognizes tech startups from the region, as industry experts vote to elect a winner in categories like "Best Entertainment Startup," "Best Education Startup" and a...

Facebook (NASDAQ: FB) Board Director and initial investor Peter Thiel sold 20.1 million shares on August 16 and 17, according to a Securities and Exchange Commission (SEC) filing. CNNMoney reports that Thiel had previously sold 16.8 million shares in Facebook's Initial Public Offering (IPO) for $...