The Ledger, every show

“Oh, that's definitely going national.”

“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.”

“This is going to impact the middle class way more than it's going to affect mobile billionaires.”

“A venture fund, like, three X's over the course of, like, 10 to 12 years, I don't even think that that beats the S&P. I'm pretty sure it, like, loses to a Vanguard no-load index fund.”

“If even the best companies want You know, end of 2021, beginning of 2022 prices where other comps in their market have gone down by 80%, then we're just, we're also just not going to play that game. Like, we don't have any pressure to invest capital.”

“Now, Founders Fund doesn't have any Monday morning partner meeting. We never have, and we never will.”

“It has, for sure.”

“You know, we put a lot of money into it. I think we put like 30 something percent of.”

“I don't know how to operate companies. I'm not going to seed your top of funnel. I'm not going to Do a bunch of like low level operations work for the company. But what I am pretty good at is, is strategy.”

“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.”

“The valuation inflation is extremely real, and you will make less multiples because of that.”

“At the time when we did this, there was no other company in Silicon Valley innovating in defense.”

“So I was the first investor in, in Oculus and Oculus was a company that I invested in, not just on the street. I mean, I obviously Brennan Palmer great, but like, I was like, try the actual product and I'm not a product person, but I tried the actual product a…”

“Like, I think the true human, like, iconic things are just going to be more and more valuable from, not just from a monetary perspective, but from a, Mindshare perspective, from like a you know, from an emotional perspective, right?”

“There's such a huge price mismatch between, let's say a company's last round of financing and what the macro Is that it's really difficult to invest right now simply because private companies lag public markets in terms of pricing by quite a bit.”

“We definitely saw at the time that the network effect on Airbnb was, at the time, was huge, and yeah, the market was it was clear that they could penetrate into the travel market, or even the lodging market, which I guarantee you, Harry, is huge.”

“Our funds are multi-billion dollars, right? Like if we have a. Ten million dollar check, there's no real difference between that going to zero or that going to. Thirty million. I mean, there's just no difference between those numbers.”

“Everybody at Founders Fund runs their own strategy, and my strategy is very different from even everybody else's at Founders Fund, let alone other VCs.”

“I think it took Palantir a decade plus to get its first real government contract.”

“Yeah, I mean, we only sell to the US and our allies. We don't do anything where it would not be good with the US government to work with. We would not work with any countries that are not, you know, total allies in the United States.”

“This is about when maybe 20 people would be at a Y Combinator demo day, maybe 30.”

“It's not a category. I mean, I, I've said this stat a couple of times, but you know, when I first started doing venture capital, everything was social, local, mobile. It was like over 60% of the companies that I looked at, yeah, looked at in the first year wer…”

“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 …”