Formation 8 adds new partner to team

By Iris Dorbian — 12 months ago

Singapore-based investor Joel Sng has joined Formation 8 as a partner, the company announced in a blog post on its site. Sng’s portfolio of investments include Facebook, Uber, Xiaomi, Razer, SF Express, Airbnb and Palantir. To read more details about Formation 8’s new addition, visit here.


Founders Fund Talks Space, Robots, Elon Musk and Why It Didn’t Back Tesla Motors

By Connie Loizos — 5 years ago

It was nearly five years ago that Founders Fund — led by four entrepreneurs with deep ties to PayPal and Facebook — burst onto the venture scene, promising founders more autonomy than traditional VC firms and promising investors that it would transform its connections, including to former PayPal executives, into rich returns.

So far so good, apparently. Despite a sluggish fundraising environment, Founders Fund, which has already seen a handful of its portfolio companies acquired — CoTweet, Mint, Powerset, IronPort, and CyberTrust — announced last week that it had closed a $250 million “oversubscribed” third fund, its biggest to date.

In a wide-ranging discussion earlier today, managing directors Ken Howery and Luke Nosek talked about that new fund, along with some of the firm’s highest-profile investments; notable companies they haven’t backed; and the nerdy — and potentially lucrative — areas that interest the firm today.