• 2 weeks ago
Brian Singerman, a longtime general partner at Peter Thiel's Founders Fund, announced his transition to partner emeritus. Singerman was pivotal in investments like Elon Musk’s SpaceX and Anduril. After 17 years at the firm, he will remain an investor and strategic advisor. Thiel launched Founders Fund in 2005, with early investments in Facebook, SpaceX, and Palantir solidifying its reputation as a top venture capital firm. The venture industry has faced an IPO drought since late 2021 due to inflation and interest rates. Some companies now plan to go public while top-valued firms remain hesitant.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Brian Singerman, a longtime general partner at Peter Thiel's Founders Fund,
00:06announced his transition to partner Emeritus.
00:09Singerman played a pivotal role in investments like Elon Musk's SpaceX and Enduro.
00:14After 17 years at the firm, he will remain as an investor and strategic advisor.
00:19Thiel launched Founders Fund in 2005 with early investments in Facebook,
00:23SpaceX, and Palantir, solidifying its reputation as a top revenue capital firm.
00:28The venture industry has faced challenges with an IPO drought since late 2021 due to inflation
00:34and interest rates. Some companies now plan to go public while top-valued firms remain hesitant.

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