Geoff Lewis of Founders Fund leaves to launch his own fund: Bloomberg
Geoff Lewis, a partner at Founders Fund, is leaving the San Francisco-based venture firm to start his own fund, sources told Bloomberg News. According to the news outlet, Lewis is planning on raising more than $100 million for the new fund. Founders Firm will reportedly be the anchor investor for the fund, said one of the sources to Bloomberg. Among the highlights of Lewis' tenure at Founders Fund is his leading the firm's investment in ride-sharing company Lyft in 2013. And, in 2015, he also led Founders' investment in a $75 million Series B funding round for Privateer, the Seattle-based private equity firm focused exclusively on the legal cannabis sector. The latter transaction was a pivotal milestone for this emerging industry as it marked the first time a mainstream, high-profile venture firm made a significant investment in it.
