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Keith Rabois. Photo: Steve Jennings/Getty Images for TechCrunch

Venture capitalist Keith Rabois is leaving Khosla Ventures in order to join Founders Fund as a partner, Axios has learned.

Why it matters: Rabois is responsible for Khosla's 2014 investment in digital payments company Stripe at a $1.7 billion valuation (now valued at $22.5 billion) and also founded Khosla portfolio company OpenDoor (now valued at $3.7 billion).

  • This is a reunion of sorts for Rabois with Founders Fund's Peter Thiel. The pair got to know each other while undergrads at Stanford, and they later worked together at both PayPal and Thiel's Clarium Capital.

“Keith is a great investor, a successful founder and an extremely talented operating executive," Thiel says. "Any one of those is hard to pull off; Keith has mastered all three. If you’re a founder, he’s exactly who you want on your side.”

  • Rabois also held senior positions at LinkedIn, Slide and Square before joining Khosla Ventures in early 2013.

"I've known Peter for 30 years and am friends with virtually every person at Founders Fund. ... I've actually tried to recruit most of them at different times in my career," Rabois tells Axios.

  • Rabois will become the ninth partner at Founders Fund, investing across all sectors and stages.
  • The firm also is adding Delian Asparouhov, Rabois' chief of staff at Khosla Ventures, as a principal.
  • Rabois and Khosla Ventures have not yet determined what will happen with his current portfolio company board seats.

Go deeper

Starbucks drops worker vaccine or test requirement after SCOTUS ruling

Photo: Jakub Porzycki/NurPhoto via Getty Images

Starbucks has dropped plans to require that U.S. workers get the COVID vaccine or submit to weekly testing, the company announced Tuesday in a memo to employees.

Why it matters: The company's decision comes in response to the Supreme Court's ruling last week to block the Biden administration's COVID-19 vaccine-or-test requirement for large employers.

2 hours ago - World

Netanyahu plea talks enter crunch time

Netanyahu (right) meets with his lawyer ahead of a court hearing last February. Photo: Reuven Casto/Pool/AFP via Getty

Benjamin Netanyahu, Israel's opposition leader and former prime minister, is negotiating a possible plea deal over the corruption charges against him, but Attorney General Avichai Mandelblit appears to be toughening his terms.

Why it matters: Mandelblit leaves office on Jan. 31. Negotiations could continue beyond that point, but the next attorney general may be less interested in quickly reaching a deal.

3 hours ago - Health

Omicron hits American hospitals disproportionately hard

Expand chart
Data: Our World in Data; Chart: Will Chase/Axios

America is seeing more COVID hospitalizations than other wealthy countries during the Omicron surge, according to Our World in Data.

Why it matters: Vaccines keep the vast majority of COVID cases out of the hospital, but vaccination rates are also lower in the U.S. than these other countries.