Peter Thiel’s venture-capital firm is raising nearly $3 billion—and much of it will go into tech startups that have stayed private for years
Founders Fund, Mr. Thiel’s flagship San Francisco firm, is late in the process of amassing the new cash across two funds, people familiar with the matter said. The push includes Founders’ first dedicated fund for late-stage companies, which the firm intends to use to plow new money into existing.
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