News Formal

How Founders Fund's chief operating officer Lauren Gross got the job - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Meet the 37-year old ex-banker who rose to become the showrunner at Founders Fund after meeting Peter Thiel at a cocktail party

The firm's new head of fundraising would need to find a more compelling pitch to raise that kind of money back in 2010.

Cyan Bannister, a former partner at Founders Fund, stepped down from a portfolio company's board when the other directors moved to remove its founder.— bigger than all of its previous funds combined — in 2010. The effort required a lot of cold calls to potential limited partners and a good deal of research, she admitted.

With its deep coffers, Founders Fund has the means to invest in its portfolio companies at later stages, when most of the risk is wrung out of the deal. The firm confirmed it's written checks for more than $100 million into Airbnb, Stripe, SpaceX, Palantir, Affirm, Stemcentrx, and Wish, to name a few unicorn startups.Gabrielle Lurie/Reuters

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Frontline unveils $80 million fund to help US SaaS startups expand in Europe - Business InsiderA VC who worked at Google and Twitter identifies 4 reasons why US software companies struggle to expand to Europe and unveils a new $80 million fund to fix it
Source: BusinessInsider - 🏆 729. / 51 Read more »