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Peter Thiel ’s Founders Fund has completed the acclivity of its third outgrowth fund , according to anSEC filing . Beyond the sum — which is a big footmark up from its previous$3.4 billion maturation fundclosed in early 2022 — there ’s a pair of other interesting things to note about this wage increase .
In 2023 , while the speculation securities industry was in bear mode , Thiel famouslychose totrim a fresh investment trust ’s size , apparently because investing had retard . So , this is another reading that venture investing has moved from bear to bull again .
Beyond that , while so many VCs are chasing all thing AI , Founders Fund is also sitting in the fresh spot of another red-hot market : defence technical school . This while ithas long tendrils inside the Trump organization . Fund partner and Anduril co - beginner Trae Stephens evenwrote a manifestoabout the “ ethics ” of back defense tech startups .
While Founders Fund is a backer of plenty of AI startups , admit OpenAI , it holds perhaps the most redoubtable defence technical school portfolio in the Valley , which includesAnduril , SpaceX , Flock Safety , andBiofireamong others .
Founders Fund did not immediately reply to a petition for comment .
