Thiel’s Founders Fund Hires Pantera’s Former Co-CIO Joey Krug
(Bloomberg) -- Peter Thiel’s Founders Fund has hired Joey Krug, the former co-chief investment officer of crypto venture firm Pantera Capital, according to a person with knowledge of the matter.
Most Read from Bloomberg
Airline Blunder Sells $10,000 Asia-US Business Class Tickets for $300
Worthless Degrees Are Creating an Unemployable Generation in India
Disney Is Set to Eliminate Thousands of Jobs Starting Next Week
Krug’s mandate at Founders Fund couldn’t immediately be learned.
Krug who co-founded Eco, a fintech startup, joined Pantera as a partner in 2017. An executive committee comprising Pantera Chief Executive Officer Dan Morehead, partner Paul Veradittakit and President Jasper Lewitton took over Krug’s responsibilities, Bloomberg News has reported.
A Founders Fund representative declined to comment. Krug didn’t immediately respond to requests for comment.
Krug was among 2016 Thiel Fellows, a program which provided him with funding to develop Augur, described at the time as the world’s first decentralized prediction market platform. Founders Fund strengthened its relationship with Krug in 2021 when the firm invested in Eco.
Read more: Crypto Venture Firm Pantera Capital Says Co-CIO Joey Krug Leaves
Most Read from Bloomberg Businessweek
Americans Go Deeper Into Debt as They Use Buy Now, Pay Later Apps for Groceries
The Repo Man Returns as More Americans Fall Behind on Car Payments
Republicans Fight a Solar Boom That’s Made Texas King of Clean Energy
People Are Using AI for Therapy, Even Though ChatGPT Wasn’t Built for It
©2023 Bloomberg L.P.