NEWS & VIEWS

Global private equity and venture capital news and research

Founders Fund general partner Sean Parker steps down

7 Mar 2014

boardroom2_lrgFounders Fund general partner Sean Parker has left the San Francisco-based venture capital firm, which has just closed its new fund on $1bn.

Former Facebook president Parker joined the firm in 2006.

“He’s been winding down his involvement over the last few years to focus on other projects, and as of the close of fund V he’s no longer making any investments on behalf of the firm,” a Founders Fund spokesman told Fortune.

“He is maintaining his board seats in his active FF investments, including Spotify.”

Earlier this month Founders Fund closed its fifth vehicle on $1bn.

Founders Fund was the first institutional investor in revolutionary companies SpaceX and Palantir Technologies, and one of the earliest investors in Facebook.

Copyright © 2014 AltAssets

FUNDRAISING & INVESTOR RELATIONS

Join the Private Equity & VC Fundraising & IR Group on LinkedIn. For LPs and GPs with an interest in private equity and venture capital fundraising, investor relations and marketing.

Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014