Founded in 2005 with a small fund of $50 million, Founders Fund has transformed in less than 20 years into an investment empire managing tens of billions of dollars. The driving force behind this transformation is a group of elite investors known as the PayPal Mafia. They are known for wielding the highest power in Silicon Valley and for their strategic foresight as a group of trendsetters.
The Origin Marked by the Setbacks of the PayPal Era
The history of Founders Fund is not just a success story but a tale filled with revenge and conviction. Its origins trace back to PayPal. In mid-1998, a speech at Stanford University sparked the involvement of Peter Thiel, Ken Howery, Luke Nosek,