Keith Rabois Joins Khosla Ventures as Managing Director, Shaking Up Silicon Valley’s VC Scene
In a surprising turn of events just two days before Christmas, Keith Rabois, a general partner at Founders Fund, has announced his departure to join Khosla Ventures as a managing director, the firm’s most senior position. The news comes after a dinner meeting with Vinod Khosla, the founder of Khosla Ventures and an early backer of OpenAI.
Rabois, known for leading deals in credit card startup Ramp and e-commerce company Faire at Founders Fund, will be leaving a notable gap at the rival VC firm. His decision to join Khosla Ventures is seen as a significant move for the firm, which recently raised $3.1 billion in new funds and holds significant paper gains from its OpenAI investment.
The hire is a significant win for Khosla Ventures, as Rabois is considered one of the best-known dealmakers in the industry. His expertise and track record in leading successful investments make him a valuable addition to the team.
The news of Rabois’ departure has sent ripples through Silicon Valley’s VC community, with many speculating on the impact this move will have on both Founders Fund and Khosla Ventures. With Rabois bringing his extensive experience and network to Khosla Ventures, the firm is poised to make even bigger waves in the tech investment space.
As Rabois gears up to take on his new role at Khosla Ventures, many in the industry will be watching closely to see how this move will unfold and what it means for the future of both firms. The competition between top-tier VC firms just got even more intense with this latest development.