The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 34 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Lacaillade: Founders Fund, a16z, Greenoaks, and Thrive proactively marked down valuations
“In my core relationships Founders Fund's the most extreme, because Peter Thiel's very contrarian and he wants to reset the mindset of his team. Which I think is great. But Andreessen Horowitz, Green Oaks Thrive, they've all proactively marked down their compan…”
Singerman predicts Founders Fund's $200M Anduril check will turn into $2B
“Enduro is going to be an extremely valuable company. I am, there's, yes, quite sure of that. We are not going to lose that two hundred million dollar check. That two hundred million dollars will turn into, you know, two billion.”
O'Driscoll: Founders Fund's SpaceX deal will return $50B–$100B
“There's no doubt in a world where one investment might return 50 to a hundred Billion dollars. Everyone else has to feel just a teeny tiny tad irrelevant compared to that return for founders fund and good on them. It's a 20 year compounder at 50% plus or minus…”
Stebbings: Recent top breakout VC firms are all single-person led
“When you look at, Bundly, the best performing managers, or the breakout managers the last few years, I think you put probably Thrive, Green Oaks, Founders Fund, and Eli Gill definitely up there. And all four of them are one person led.”
Lemkin: Founders Fund intentionally avoids investing in B2B software
“Founders Fund doesn't do B to B intentionally. They make exceptions, but they don't believe in B to B. They don't believe the outcomes justify it. It's explicitly, they don't do it.”
Founders Fund was the only VC to proactively halve its fund size
“Also, they're the only ones that Cut their fund size in half proactively when the macro changed. So they went from, I don't know, 1.8 to nine hundred million in two funds, right?”
Rabois: Tech valuation multiples have normalized to 30-year historical average
“We analyzed it recently at Founders Fund, and it's definitely not an overreaction, even with the corrections of the last, we'll call it six, seven months, we're only at the thirty-year normal average. Like, if you look at multiples, we're exactly at the averag…”
Stebbings: Founders Fund deployed $3B in under 12 months into mega-rounds
“Founders Fund, deploying three billion in under 12 months, but deploying it into Stripe, SpaceX, and Anduril.”
O'Driscoll: Founders Fund scored 5x on Stemcentrx before program was canceled
“Got a five X, get money off the table. We're pointing out three years later, the acquirer canceled the program. You know, huge amount of risk. Made, I mean, you know, made it work, but never forget the risk was there.”
Stephens: Founders Fund Was the First VC to Promote Being Founder-Friendly
“We were the first fund that was talking about being founder friendly”
Lacaillade: Multiple billion-dollar-plus venture funds have achieved 5x-plus returns
“Founders Fund, like, there, if you, I mean, I'm saying some of the data, like, there's, I, there's a number of examples of big funds being five X plus, right?”
Anduril won major government defense contracts within two years
“I think it took Andrel two years. The speed at which these guys were able to break in to these large government contracts was astounding.”
No other Silicon Valley company was innovating in defense before Anduril
“At the time when we did this, there was no other company in Silicon Valley innovating in defense.”
Hartz: Brian Singerman's Stemcentrx deal is a historic biotech outcome
“Brian Singerman is a computer science, you know, major from Stanford that worked at Google that led the STEM-centric steel, which was one of the best outcomes in biotech history, but even more so, it's done some groundbreaking work at curing cancer, and that's…”
Lemkin: Founders Fund previously cut its fund size due to deployment constraints
“Founders fund cut their, you know, N minus two funds ago, they cut them because they couldn't think they could deploy enough fund in the, in that window.”
Rajaram: Napoleon Ta decides which companies Founders Fund doubles down on
“The unsung hero of Founder Fund is a guy called Napoleon Tha, who leads a growth practice. And Napoleon basically is the one who decides which of the companies should we double down on.”
Stebbings: Founders Fund closing $6B in new capital after deploying $3.3B in 11 months
“Founders Fund are closing in on six billion dollars of new funds. They invested the last 3.3 in 11 months in amazing businesses like SpaceX and Stripe and Anduril.”
Randle: Delian Asparouhov Sourced the Seed Investment for Ramp
“Dude, you sourced the seed of ramp.”
Founders Fund allows deal team members to personally co-invest
“So there's a program, for example, at Founders Fund where anyone that works on an investment or if you're leading an investment, you can personally invest alongside the firm.”
Stebbings: Founders Fund wrote record $1B check for Anduril's Series G
“Specifically with regards to Amgrills raising two and a half billion Series G, I don't know if you guys knew this, they got a billion from Founders Fund in this latest round. A billion again, making it their largest ever check, and the Founders Fund's prior la…”
Stephens: Flexport Was First Major Founders Fund Check in 2014
“The first big check that I wrote at Founders Fund was Flexport. And no one was thinking about Supply chain logistics in 2014.”
Founders Fund put $40M into SpaceX from a $200M fund
“And I think even Founders Fund, you know, I mean, back, back in Founders Fund too, I mean, SpaceX was a, basically a forty million dollar position out of a two hundred million dollar fund, and it was a rocket company.”
Stebbings: Founders Fund lacks traditional Monday partner meetings
“Founders Fund is quite famous for having quite a loose investment decision making process, not with the kind of traditional partner meetings every Monday.”
Everett Randle joins Benchmark as GP from Founders Fund
“Topic number one, Everett Randall joins Benchmark. Benchmark don't add partners very often. It's a big news announcement that he's joining. Joins Benchmark as their latest GP. He was with Kleiner and he was with Founders Fund before.”
Gurski: Competitor Glow raised $30M from top VCs before Flo launched
“They raised from Anderson Horowitz and Founders Fund, thirty million, almost immediately. They started three years before Floor”
Founders Fund's Trey Stephens Got Into Georgetown After Camping Outside Admissions
“Like there's actually a general partner of founders fund named Trey. We were just at his 40th birthday party. And one thing that was mentioned was that he didn't get into Georgetown the first time. And he literally went and like set up a tent in front of the a…”
Friedensohn and her husband are Founders Fund's first married portfolio founders
“Some of the benefits are, well, first and foremost, I think we're the first married couple in founders fund portfolios.”
Polychain grew AUM from $4M to over $200M within two years
“Having founded the firm less than two years ago with Four million under management in their initial fund. Polychain now has over two hundred million under management, with backing from the likes of Sequoia, Founders Fund, Andreessen Horowitz, and USV, just to …”
Founders Fund writes checks from $250K to $50M
“If a team member has strong conviction, you know, whether it's a quarter million dollar FF Angel, that's, you know, the minimum amount that generally we invest in this kind of angel vehicle of ours, all the way up to fifty million, we can move quite quickly an…”
Singerman: Joined Founders Fund after Sean Parker introduction during SpaceX deal evaluation
“And that's when I met Sean Parker and we became friends and he. Said, Hey, why don't you check out what we're doing at Founders Fund? And I came in and that's when we were considering a little investment in a company called SpaceX and, you know, said, this is …”
Ramp has raised over $390 million in funding
“To date, Eric has raised over three hundred and ninety million dollars for the company from some of the best, including Thrive, Stripe, Founders Fund, Code Two, and Box Group, to name a few.”
Stebbings: Spike Lipkin raised over $100M for Newfront
“To date, Spike has raised over a hundred million dollars with Newfront for Some of the best in the business, including Founders Fund, Meritech, and of course, the newly founded TwentyVC Fund.”