Investor profile

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Founders Fund

USGBDEFRBRSGOtherDeep TechAI/MLFintechHealthtechCybersecurityEnterpriseConsumerB2B SaaSOther

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Investment thesis

Founders Fund backs smart people solving difficult problems, investing across all stages, sectors, and geographies with a strong bias toward transformative, hard-technology companies. The firm was built on a contrarian premise — articulated in its manifesto 'What Happened to the Future?' — that venture capital had drifted toward incremental consumer-internet bets rather than the ambitious science and engineering breakthroughs that define civilizational progress. Founders Fund seeks to fund companies capable of defining or transforming entire sectors, placing high conviction in founders it deems deserving of trust, and is willing to back the same company across multiple funds. The firm's partners have themselves been founders and early employees at PayPal, Palantir, SpaceX, and Anduril, and the firm encourages partners to co-found or deeply embed in portfolio companies when that is the best path to returns.

Notable quotes

We wanted flying cars, instead we got 140 characters.

Peter Thiel · Founders Fund manifesto — 'What Happened to the Future?' (foundersfund.com) · 2011

I try to talk through this idea of creation in abundance rather than competition and scarcity with people as part of my personal investment thesis. I care deeply about investing in abundance — I want to be in a world where new things are created.

Trae Stephens · Faith Driven Entrepreneur Podcast, Episode 70 · 2020

Venture capital is due for a slimdown.

Peter Thiel · Wikipedia / press reporting on Fund VIII reduction · 2023

Team

Peter Thiel

Partner

Deep TechAI/MLFintechEnterprise

Trae Stephens

Partner

Deep TechCybersecurityOther

Napoleon Ta

Partner

EnterpriseB2B SaaS

Delian Asparouhov

Partner

Deep TechBio/PharmaOther

Scott Nolan

Partner

Deep TechOther

John Luttig

Partner

B2B SaaSAI/MLEnterprise

Recent investments

CompanyRoundSizeDate
SpaceXMulti-round (first institutional investor)2008
Palantir TechnologiesSeed / Series A (first institutional investor)2004
Anduril IndustriesSeries A2018
StripeEarly-stage2012
AirbnbEarly-stage2012
OpenAIGrowth$6.6b2024-10
DatabricksSeries J$10.0b2024-12
CognitionSeries A/B2024
RipplingSeries D2023
RampSeries B/C2022

Frequent co-investors

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