Founders Fund is a San Francisco based venture capital investment firm. The firm’s five partners, Peter Thiel, Ken Howery, Luke Nosek, and Brian Singerman were founders or early investors in companies such as Facebook, PayPal, Napster, and Palantir Technologies. Founders Fund was formed in 2005 and launched four funds with more than $1 billion in aggregate capital under management by 2011. The firm was organized by Peter Thiel and Ken Howery in early 2005 and raised its first fund of $50 million from individual entrepreneurs and angel investors in January of that year. In 2007, the firm raised a new fund of $220 million. In 2010, the firm raised its third fund, with $250 million in committed capital, and in 2011, a fourth fund with $625 million of committed capital was raised.
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