Key Takeaways
- • Keith Rabois is returning to Khosla Ventures as one of five managing directors, departing Founders Fund, where he had served as a general partner for roughly five years.
- • Khosla Ventures has closed a new $1.6 billion eighth flagship fund, and Rabois is joining to invest out of it; the firm reportedly raised $3.1 billion in new funds in total.
- • Rabois previously led investments in Ramp, Trade Republic, and Aven while at Founders Fund, per the firm's own profile of him.
- • The move reunites Rabois with the firm where he first worked as a full-time venture capitalist before joining Founders Fund.
Summary
Keith Rabois is returning to Khosla Ventures, the Silicon Valley venture firm where he previously worked before joining Founders Fund, according to multiple reports dated January 2024. Rabois rejoins Khosla as one of five managing directors and will invest out of the firm's new $1.6 billion eighth flagship fund, according to the publisher's coverage. Forbes and Alex Konrad, who reported the move, noted that the firm closed $3.1 billion in new funds in connection with the announcement.
Rabois departs Founders Fund, the firm founded by Peter Thiel, where he served as a general partner for about five years. Coverage of his tenure credits him with leading investments in Ramp, Trade Republic, and Aven, the latter described as a top-ranked U.S. company in the publisher's profile of him. Rabois is also the CEO of OpenStore, a role he holds alongside his Khosla position, according to a Khosla Ventures profile.
The source material available for this story is limited to headlines and snippets, so the full terms of the move, including any compensation or changes to portfolio responsibilities, are not detailed here.
Rabois departs Founders Fund, the firm founded by Peter Thiel, where he served as a general partner for about five years. Coverage of his tenure credits him with leading investments in Ramp, Trade Republic, and Aven, the latter described as a top-ranked U.S. company in the publisher's profile of him. Rabois is also the CEO of OpenStore, a role he holds alongside his Khosla position, according to a Khosla Ventures profile.
The source material available for this story is limited to headlines and snippets, so the full terms of the move, including any compensation or changes to portfolio responsibilities, are not detailed here.
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