Hoffman joined the venture capital firm in late 2011, with plans to continue serving as CEO of online personalization startup Rapleaf (whose investors included Founders Fund). He later would transition into a chairmanship role so that he could become CEO of a data onboarding spinout called LiveRamp, which raised separate venture capital.
It's unclear if Hoffman ever did deals while with Founders Fund, although his angel investment portfolio includes Blip.tv, Klout and Practice Fusion.
"Auren worked with us for a year, an engagement that was temporary and that wrapped up at the end of 2012," emailed a Founders Fund spokeswoman. She did not respond to a follow-up question about whether the position was initially intended to be temporary.
Hoffman did not respond to a request for comment.
In addition to Rapleaf and LiveRamp, Hoffman is a non-employee co-founder of both BrightRoll and ReTargeter. He also founded and sold three other Internet companies before the age of 30: BridgePath, GetRelevant and Kyber Systems.
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Serial entrepreneur and angel investor Auren Hoffman has joined Founders Fund as a venture partner, according to a recent update on the firm's website.
The position would appear to be part-time, as Hoffman remains listed as CEO of Rapleaf -- a San Francisco-based provider of online personalization solutions that counts Founders Fund among its venture capital investors.
Hoffman also is a non-employee co-founder of both BrightRoll and ReTargeter, while he founded and sold MOREDan Primack - Dec 19, 2011 7:08 PM ET
Founders Fund last week announced that it had closed its fourth venture capital fund with $625 million in capital commitments. What it didn't announce, however, was a slight change within its actual partnership.
Sean Parker, co-founder of Napster and Facebook's founding president, has transitioned from partner to "executive general partner." To replace Parker in the partnership, Founders Fund promoted principal Brian Singerman.
One limited partner I spoke with said his understanding was that MOREDan Primack - Dec 9, 2011 10:10 AM ET
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