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Catching up with Keith Rabois on the state of VC, his newest bet, and who he's backing for president | TechCrunch

Oct 28, 2023 - techcrunch.com
Keith Rabois, a general partner at Founders Fund and CEO of OpenStore, discusses his investment strategies, his role at Founders Fund, and his political views in a recent interview. Rabois reveals that Founders Fund had to cut its newest fund in half due to difficulties in generating venture returns with a larger fund. He also discusses his involvement with Traba, a jobs marketplace, and Faire, a platform connecting indie brands and retailers, both of which have seen significant increases in valuation.

On the political front, Rabois expresses his support for U.S. presidential candidates Nikki Haley and Governor Ron DeSantis, while criticizing entrepreneur Vivek Ramaswamy's foreign policy knowledge. He also shares his thoughts on Marc Andreessen's latest manifesto, stating that while it's not particularly unique, it serves as a rallying point for those who believe in the future of technology.

Key takeaways:

  • Keith Rabois is a general partner at Founders Fund and the CEO of OpenStore. He spends most of his time finding and advising entrepreneurs, while also running his own company.
  • Founders Fund had to cut its newest fund in half due to the difficulty of generating venture returns with a large fund in the current market.
  • Rabois led the seed financing for Traba, a jobs marketplace, and has invested in it three times, each time at a significantly increased valuation.
  • Rabois is politically active, supporting Nikki Haley for President and criticizing entrepreneur Vivek Ramaswamy's foreign policy knowledge.
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