Peter Thiel Raising New $750M Fund

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Jan. 23 (Bloomberg) –- Lerer Ventures Managing Director Eric Hippeau and Bloomberg’s Ari Levy discuss Thiel’s Founders Fund and its performance relative to the venture capital industry. They speak to Deirdre Bolton on Bloomberg Television’s “Money Moves.” (Source: Bloomberg)

Alumni come but also having written the first check to facebook.

How as it for -- formed relative to the industry e i heard each of the previous funds have been in the top quartile.

I have not seen the numbers.

In their funds, they are very happy with their performance.

They are continuously able to raise more money.

Relatively new to the venture industry, being able to raise that fund < two years after your previous fund is not an easy feat, especially at a time with consolidation in the industry.

What is your take act out it is true, peter teal is able to raise quite a lot of money quickly.

Part of that is his reputation.

Is he doing something else?

They are clearly looking at the numbers in great detail and are finding great results.

Money begets money and that is how the funds go.

All the better for him.

What other selling points or competitive advantages does he have, especially when he is competing for capital with older and more established competitors?

One of the things they're known for is they are really willing to do the hard stuff, the stuff that it takes a lot of money to fund, and chances of success is extremely slim.

Spacex is a good example.

Elon musk.

Venture capitalists just will not get all that excited about what the outcome will be in the market.

Providing -- the willingness to do these challenging business is a selling point.

Peter is on the board of facebook.

Any company that sees itself wanting to be tied in with the face of network, increasingly any company on alexei, would love to have peter involved in the company.

There are a number of new funds.

Also brand-new, i will put myself in that lot.

It seems there is a new generations -- generation of funds challenging the older funds.

Do you see it that way e obsolete.

It is very clear where the numbers are.

There is a handful, maybe 10 traditional firms, and a couple in san francisco, that are still doing very well.

Then, there are just dozens of them that have been around for a long time.

Entrepreneurs do not know about their history so it is not a big deal.

You see firms like yours that are really, they are much more attractive to entrepreneurs given who they have worked with.

If you waste -- if you are a start -- a start up, you want to work with the people who see the other deals.

Thank you.

As always, thank you for joining

This text has been automatically generated. It may not be 100% accurate.


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