The rumors were true – kind of: The Founders Fund has been out raising a massive amount of cash for a fifth fund, but it’s not $750 million as originally thought. It’s $1 billion, the fund said today.
Most known for backing Facebook, Spotify and Elon Musk’s SpaceX, FF is a “stage agnostic” fund that focuses on aerospace, artificial intelligence, advanced computing, energy, health and consumer Internet.