TLDR:

Keith Rabois has returned to Khosla Ventures after nearly five years at Founders Fund. Rabois, a prominent venture capitalist known for his involvement in startups like Affirm, DoorDash, and Opendoor, will serve as one of five managing directors in Khosla Venture’s new $3.1 billion capital fund. The move reunites Rabois with Vinod Khosla, the founder of Khosla Ventures, and expands the firm’s investment team. Rabois plans to establish a Founders Fund office in San Francisco while continuing to work at Khosla Ventures in the Bay Area. Rabois cited the opportunity to work with Khosla and the firm’s flexible approach to remote work as reasons for his return.

Key Points:

• Keith Rabois has returned to Khosla Ventures after nearly five years at Founders Fund.
• Rabois will serve as one of five managing directors in Khosla Venture’s new $3.1 billion capital fund.
• Rabois cited the opportunity to work with Vinod Khosla and the firm’s flexible approach to remote work as reasons for his return.
• Rabois plans to establish a Founders Fund office in San Francisco while continuing to work at Khosla Ventures in the Bay Area.

Keith Rabois Makes A Surprise Return To Khosla Ventures

Keith Rabois, the prominent venture capitalist known for his involvement in startups like Affirm, DoorDash, and Opendoor, has returned to Khosla Ventures after nearly five years at Founders Fund. Rabois will serve as one of five managing directors in Khosla Venture’s new $3.1 billion capital fund.

The move reunites Rabois with Vinod Khosla, the founder of Khosla Ventures, and expands the firm’s investment team. During his time at Founders Fund, Rabois made notable investments in companies like Ramp, Traba, and Found. He also became a vocal advocate for the tech scene in Miami, where he moved during the pandemic in 2020.

Rabois cited the opportunity to work with Khosla and the firm’s flexible approach to remote work as reasons for his return. While at Founders Fund, Rabois had advocated for a shift in Silicon Valley’s center of gravity to San Francisco, where Founders Fund maintains offices. He now plans to establish a Founders Fund office in San Francisco while continuing to work at Khosla Ventures in the Bay Area.

Khosla Ventures recently closed $3.1 billion in new capital across three funds: $1.6 billion for its eighth flagship fund, $500 million for a seed-stage fund, and $1 billion for a second “opportunity” fund for later-stage deals. Rabois will play a key role in managing these funds and helping to identify investment opportunities.

Overall, Rabois’ return to Khosla Ventures highlights the firm’s continued growth and its commitment to investing in promising startups. With Rabois’ expertise and network, the firm is well-positioned to capitalize on the evolving technology landscape and deliver exceptional returns to its investors.