Jack Selby, a longtime Thiel Capital managing director who founded Phoenix-based Copper Sky in 2021, used a promise to help reshore chip fabrication to Arizona to secure an allocation in AI chip startup Etched's Series A -- now valued at $5B with its first.
Jul 2, 2026Jack Selby, a former PayPal executive and longtime managing director at Peter Thiel's family office, has been using his Phoenix-based venture firm Copper Sky Capital — and his seat on the Arizona Commerce Authority board — to secure allocations into hot AI startups like Etched, TechCrunch reported July 2. Copper Sky invested in Etched's $120 million Series A roughly two years ago partly by pledging to help the Nvidia competitor eventually move chip fabrication to Arizona's TSMC GIGAFAB, and is now raising a $300 million second fund built around the same regional-manufacturing thesis.
Jul 2, 2026