Another record-setting fund raise: On Friday, Peter Thiel’s Founders Fund announced it had raised another $1.3B for Founders Fund VI – by far its largest fund yet, bringing total capital under management to $3.4B. The eleven-year-old firm, which counts SpaceX, Spotify and Airbnb among its portfolio companies, is reportedly “open to looking at all sectors, including areas they haven’t previously invested in.” 500 Startups expands to the City of Angels. 500 Startups announced on Friday that it’s launching Distro Dojo in Los Angeles and looking for 10 post-seed, pre-Series A companies (with at least $100K in monthly revenue). The program consists of one month in-residence in downtown LA, where founders are provided resources to boost growth marketing for their companies. Are we there yet? Matt Turck of FirstMark checks in on the Internet of Things industry and finds that venture capital dollars have nearly doubled from $1.8B in 2013 to $3.4B in 2015, with corporate VCs including Intel Capital, Qualcomm Ventures and Cisco playing a major role. Progress may seem slow, but as Turck points out, what seemed like complete science fiction 10 years ago is in the process of becoming reality. Introducing new ways to access CrunchBase Data Uncover new opportunities, discover industry trends, and build powerful apps using the Daily Excel Export or API. | 