Brian Singerman, a longtime general partner at Peter Thiel's Founders Fund, announced his transition to partner emeritus. Singerman was pivotal in investments like Elon Musk’s SpaceX and Anduril. After 17 years at the firm, he will remain an investor and strategic advisor. Thiel launched Founders Fund in 2005, with early investments in Facebook, SpaceX, and Palantir solidifying its reputation as a top venture capital firm. The venture industry has faced an IPO drought since late 2021 due to inflation and interest rates. Some companies now plan to go public while top-valued firms remain hesitant.
