In the fast-paced world of venture capital, new players are always making waves. One such notable figure is Brian Singerman, a former GP at Founders Fund, who is now teaming up with Lee Linden, the co-founder and managing partner of Quiet Capital, to launch an exciting new fund called GPx. This fund is set to shake up the industry by seeking over $500 million in investments, according to sources familiar with their strategy as reported by TechCrunch.
What sets GPx apart from the rest is the significant backing it has garnered, particularly from none other than Peter Thiel, the co-founder of Founders Fund. In a surprising turn of events, it is rumored that Thiel could contribute up to 50% of GPx’s total fund size, showcasing a strong show of support and belief in Singerman and Linden’s vision.
This strategic partnership between Singerman, Linden, and Thiel not only brings together a wealth of experience and expertise but also signals a new chapter in the world of venture capital. By combining Singerman’s insights from his time at Founders Fund with Linden’s innovative approach at Quiet Capital, GPx is poised to make a significant impact in the tech investment landscape.
Thiel’s involvement adds another layer of credibility and intrigue to GPx, given his track record of successful investments in companies like Facebook, SpaceX, and Palantir. His vote of confidence in this new venture speaks volumes about the potential he sees in Singerman and Linden’s vision for GPx.
As GPx sets its sights on raising over $500 million, the tech and investment communities are eagerly watching to see how this fund will shape the future of venture capital. With a unique blend of experience, innovation, and substantial backing from Peter Thiel, GPx is definitely a fund to keep an eye on in the coming months.