Former Founders Fund GP Brian Singerman and co-founder and managing partner of Quiet Capital, Lee Linden, are joining forces to launch a new venture capital fund called GPx. According to sources familiar with their strategy, the duo is seeking to raise over $500 million for their new fund, with a significant portion of the funding coming from none other than Founders Fund co-founder Peter Thiel.
The news of GPx’s launch has been met with excitement and anticipation in the tech and investment communities. With Singerman’s impressive track record at Founders Fund, where he led investments in companies like Airbnb and Oculus, and Linden’s success as a co-founder of Quiet Capital, which has invested in companies like Robinhood and Postmates, the two are a formidable team.
GPx’s focus will be on early-stage investments in technology companies, particularly in the areas of consumer internet and software. This aligns with Singerman and Linden’s expertise and experience, making them the perfect team to lead this new venture.
What makes GPx even more intriguing is the involvement of Peter Thiel. As one of the most successful and influential investors in Silicon Valley, Thiel’s support and investment in GPx is a testament to the potential of this new fund. It is reported that Thiel will be contributing up to 50% of the fund’s total capital, which is a significant vote of confidence in Singerman and Linden’s vision.
In a statement, Singerman expressed his excitement about the launch of GPx and the opportunity to work with Thiel. He said, “Lee and I are thrilled to be partnering with Peter Thiel on GPx. His experience and insights will be invaluable as we seek out the next generation of disruptive and innovative companies.”
Linden also shared his enthusiasm for the new venture, stating, “We are grateful for the support and trust that Peter Thiel has placed in us. With his backing, we are confident that GPx will be able to identify and invest in the most promising startups and help them reach their full potential.”
The launch of GPx comes at a time when the tech industry is experiencing rapid growth and innovation. With the global pandemic accelerating the adoption of technology in various sectors, the demand for new and innovative solutions is at an all-time high. This presents a significant opportunity for GPx to identify and invest in the most promising startups and help them scale and succeed.
Moreover, the involvement of Thiel, who has been a key player in some of the most successful tech companies, adds another layer of credibility to GPx. His guidance and mentorship will undoubtedly be invaluable to the startups that GPx invests in.
In conclusion, the launch of GPx is an exciting development in the world of venture capital. With the combined expertise and experience of Brian Singerman and Lee Linden, and the support of Peter Thiel, GPx is poised to make a significant impact in the tech industry. We can’t wait to see the innovative and disruptive companies that GPx will help bring to the forefront of the tech world.
