Investor profile
Founders Fund
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Analyse your fitInvestment 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.”
“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.”
“Venture capital is due for a slimdown.”
Team
Peter Thiel
Partner
Trae Stephens
Partner
Napoleon Ta
Partner
Delian Asparouhov
Partner
Scott Nolan
Partner
John Luttig
Partner
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| SpaceX | Multi-round (first institutional investor) | — | 2008 |
| Palantir Technologies | Seed / Series A (first institutional investor) | — | 2004 |
| Anduril Industries | Series A | — | 2018 |
| Stripe | Early-stage | — | 2012 |
| Airbnb | Early-stage | — | 2012 |
| OpenAI | Growth | $6.6b | 2024-10 |
| Databricks | Series J | $10.0b | 2024-12 |
| Cognition | Series A/B | — | 2024 |
| Rippling | Series D | — | 2023 |
| Ramp | Series B/C | — | 2022 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Sequoia Capital | 25 |
| Andreessen Horowitz | 20 |
| General Catalyst | 15 |
| Khosla Ventures | 12 |
| Lightspeed Venture Partners | 10 |
| Accel | 9 |
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