Inside | Real news, curated by real humans
Inside Founders

Inside Founders (Feb 22nd, 2019)

1. Venture capitalist Keith Rabois is joining Peter Thiel's Founders Fund as its newest partner. Rabois has been with Khosla Ventures since 2013, and oversaw that firm's investment in Stripe, and also founded the Khosla portfolio company Opendoor. Rabois becomes the ninth partner at Founders Fund, which was launched by several of PayPal's original co-founders, including Thiel, Ken Howery and Luke Nosek (who left in 2017 to start his own firm). Rabois also worked at PayPal from late 2000 to late 2002, and is part of the so-called PayPal mafia. — AXIOS

  • Email gray
  • Permalink gray

2. Fidelity Investments has launched a new mutual fund primarily focused on companies with active founders. The Fidelity Founders Fund will offer advisor and retail class shares. According to portfolio manager Dan Kelley, the fund will include companies where founders are either part of senior management or the company's board of directors. In a press release on the new fund, Kelley said companies with engaged founders tend to be better at creating shareholder value, and are more innovative and customer-focused. Kelley said he will use research and quantitative analysis to identify companies for the new fund. — CNN

  • Email gray
  • Permalink gray

3. Digital content media company WaitWhat has raised $4.3 million in new funding. WaitWhat was founded in 2017 by former TED executives June Cohen and Deron Triff, and produces podcasts such as Masters of Scale by LinkedIn co-founder Reid Hoffman and Should This Exist hosted by Flickr founder Caterina Fake. The new funding is a Series A investment led by Cue Ball Capital and Burda Principal Investments. The money will be used to create more media content and is part of an investment trend in podcasts following rising consumer interest in audio. — TECHCRUNCH

  • Email gray
  • Permalink gray

4. Zillow Group co-founder Rich Barton is returning to the company as CEO. Barton co-founded the online real estate company Zillow in 2005, and is replacing as CEO his fellow co-founder Spencer Rascoff, who will remain on the company's board of directors. Zillow's third cofounder, Lloyd Frink, will replace Barton on the board as its executive chairman. The three founders are shuffling responsibilities as the company shifts focus to its Zillow Offers program, in which sellers can request offers for their homes directly from Zillow. Barton has characterized the new focus as "Zillow 2.0." — GEEKWIRE

  • Email gray
  • Permalink gray

Welcome to Flashback Friday, when we take a look at the recent and distant past in the world of Founders. If you have ideas or tips for this weekly feature, please send them in to founders@inside.com.

Ten years ago this week, TechCrunch rounded up the top 20 Twitter applications using data from Compete. What happened to some of those startups? Number one on the list, Twitpic, after legal disputes with Twitter, arranged in 2014 to give the latter company its domain and archives. Twitpick creator Noah Everett was a computer programmer at a financial firm who created the site at night and on the weekends. TweetDeck, ranking No. 2, was acquired by Twitter in 2011; TweetDeck founder Iain Dodsworth joined Twitter before leaving the company two years later. The third contender, Digsby, folded in 2014. Compete.com, which provided web traffic analysis, closed in 2016.

  • Email gray
  • Permalink gray

5. Inc. surveys nine founders for their views of employees' worst traits. — INC.

6. Forbes rounds up 50 women-founded companies leading the way in tech. — FORBES

7. New startups for male fertility issues offer everything from home testing to sperm storage. — FAST COMPANY

8. New Orleans Entrepreneur Week, March 25-29, will feature numerous tech founders, including Netscape co-founder Jim Clark. — THE NEW ORLEANS ADVOCATE

9. A new study from Kruze Consulting identifies the top five law firms used by startup companies, as well as the legal costs new companies face. — BLOOMBERG LAW

10. FME Extensions founder Zeeshan Khalid offers four tips for entrepreneurs who are considering founding software companies. — ENTREPRENEUR

  • Email gray
  • Permalink gray

 

Julia Goldberg is a journalist and author living in Santa Fe, New Mexico. She writes regularly about the intersection of technology and culture, and is the executive director of MIX Santa Fe, a networking organization for entrepreneurs. She writes the Inside Founders newsletter and can be found on Twitter @votergirl.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies) and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

  • Email gray

Subscribe to Inside Founders