Feb 20, 2019

Scoop: Keith Rabois leaving Khosla Ventures for Founders Fund

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

U.S. coronavirus updates: Death toll tops 4,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

The novel coronavirus has now killed more than 4,000 people in the U.S. — with over 1,000 deaths reported in New York City, per Johns Hopkins.

The state of play: President Trump said Tuesday it's "going to be a very painful two weeks," with projections indicating the virus could kill 100,000–240,000 Americans — even with strict social distancing guidelines in place.

Go deeperArrowUpdated 1 hour ago - Health

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 860,181 — Total deaths: 42,354 — Total recoveries: 178,359.
  2. U.S.: Leads the world in confirmed cases. Total confirmed cases as of 3 a.m. ET: 189,633 — Total deaths: 4,081 — Total recoveries: 7,136.
  3. Business updates: Should you pay your rent or mortgage during the coronavirus pandemic? Find out if you are protected under the CARES Act.
  4. Public health updates: More than 400 long-term care facilities across the U.S. report patients with coronavirus — Older adults and people with underlying health conditions are more at risk, new data shows.
  5. Federal government latest: President Trump said the next two weeks would be "very painful," with projections indicating the virus could kill 100,000–240,000 Americans.
  6. Coronavirus in custody: Inmates in all U.S. federal prisons are set to enter a 14-day quarantine on April 1. A federal judge on Tuesday ordered U.S. Immigration and Customs Enforcement to release 10 detained immigrants who are at risk from COVID-19.
  7. U.S.S. Theodore Roosevelt: Captain of nuclear aircraft carrier docked in Guam pleaded with the U.S. Navy for more resources after more than 100 members of his crew tested positive.
  8. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

World coronavirus updates: UN warns of recession with "no parallel" to recent past

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

The novel coronavirus pandemic is the "greatest test" the world has faced together since the formation of the United Nations just after the Second World War ended in 1945, UN chief António Guterres said Tuesday.

The big picture: COVID-19 cases surged past 859,000 and the death toll exceeded 42,000 early Wednesday, per Johns Hopkins data. Italy reported more than 12,000 deaths.

Go deeperArrowUpdated 2 hours ago - Health