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20VC Prediction Held up
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.”
Brian Singerman Oct 31, 2022 ▶ 34:41 Brian Singerman: How I Became a Partner at Founders Fund, Why We Put $400M into Anduril | 20VC #943 · 20VC with Harry Stebbings
SOURCERY Assertion Supported
Singerman claims a 12-year 3x venture fund loses to Vanguard
“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.”
Brian Singerman Jun 11, 2026 ▶ 22:14 Brian Singerman: "If SpaceX Didn't Work, Founders Fund Wouldn't Exist" · Sourcery with Molly O'Shea
20VC Assertion Supported
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.”
Brian Singerman Nov 11, 2021 ▶ 9:02 20VC: The Anduril Memo: Founders Fund's Brian Singerman on What Makes Palmer Luckey One of the Greatest Innovators in History, Why It Is BS The DOD Do Not Want To Work With Silicon Valley & Why in Venture You Have To Play A Different Game to the Hedge Fun
20VC Prediction Held up
High startup valuations will drive down VC return multiples
“The valuation inflation is extremely real, and you will make less multiples because of that.”
Brian Singerman Nov 11, 2021 ▶ 19:17 20VC: The Anduril Memo: Founders Fund's Brian Singerman on What Makes Palmer Luckey One of the Greatest Innovators in History, Why It Is BS The DOD Do Not Want To Work With Silicon Valley & Why in Venture You Have To Play A Different Game to the Hedge Fun
20VC Assertion Contradicted
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.”
Brian Singerman Nov 11, 2021 ▶ 22:56 20VC: The Anduril Memo: Founders Fund's Brian Singerman on What Makes Palmer Luckey One of the Greatest Innovators in History, Why It Is BS The DOD Do Not Want To Work With Silicon Valley & Why in Venture You Have To Play A Different Game to the Hedge Fun
SOURCERY Assertion Supported
Singerman was the first investor in Oculus
“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…”
Brian Singerman Jun 11, 2026 ▶ 39:06 Brian Singerman: "If SpaceX Didn't Work, Founders Fund Wouldn't Exist" · Sourcery with Molly O'Shea
20VC Assertion Supported
Singerman: Private startup valuations lag public market corrections
“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.”
Brian Singerman Oct 31, 2022 ▶ 3:24 Brian Singerman: How I Became a Partner at Founders Fund, Why We Put $400M into Anduril | 20VC #943 · 20VC with Harry Stebbings
20VC Assertion Supported
Palantir took over 10 years to land its first government contract
“I think it took Palantir a decade plus to get its first real government contract.”
Brian Singerman Nov 11, 2021 ▶ 8:54 20VC: The Anduril Memo: Founders Fund's Brian Singerman on What Makes Palmer Luckey One of the Greatest Innovators in History, Why It Is BS The DOD Do Not Want To Work With Silicon Valley & Why in Venture You Have To Play A Different Game to the Hedge Fun
20VC Assertion Supported
Anduril exclusively sells to the US and its allies
“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.”
Brian Singerman Nov 11, 2021 ▶ 11:26 20VC: The Anduril Memo: Founders Fund's Brian Singerman on What Makes Palmer Luckey One of the Greatest Innovators in History, Why It Is BS The DOD Do Not Want To Work With Silicon Valley & Why in Venture You Have To Play A Different Game to the Hedge Fun
20VC Assertion Partly supported
Y Combinator Demo Days Had Only 20 to 30 Attendees in 2007
“This is about when maybe 20 people would be at a Y Combinator demo day, maybe 30.”
Brian Singerman Jun 5, 2017 ▶ 3:14 20VC: Founders Fund's Brian Singerman on Why VC Is About Upside Maximisation Not Downside Minimisation, Why There Is No Right Way To Do Venture and Why They Do Not Have Monday Morning Partner Meetings At Founders Fund
20VC Assertion Supported
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 …”
Brian Singerman Oct 31, 2022 ▶ 0:49 Brian Singerman: How I Became a Partner at Founders Fund, Why We Put $400M into Anduril | 20VC #943 · 20VC with Harry Stebbings
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