Founders Fund

“The guys that are known for doing this like Sequoia and Founders Fund and others have had incredible returns by doing exactly this. So the strategy does work.”

“I had three term sheets for my Series B. It was from Andreessen Horowitz, Khosla Ventures, and Founders Fund. And Founders Fund came in kind of last minute. But I went with Khosla, even though it's a lower valuation”

“We typically at Founders Fund really don't like to do those rounds. The only way we would consider it is pretty much if everybody on the cap table called us up, the founder, CEO, the board members, prior investors said, we really want you to do this, and like …”

“I haven't led any new investments since 22. Yeah, last year I led the 13 or 14 in a year. So to go to effectively zero for half the year is like me being on vacation.”

“It's very tricky. I think you can, if you, it, later stage one's a little bit easier because you can apply multiples. There's public comp, you know, public comps, and you just adjust to that. I think the earlier stage stuff, very difficult to do objectively. A…”

“It's a 1.8 billion dollar fund. They're going to break it into two, nine hundred million dollar funds. It's their eighth fund. It's being cut in half and it'll become eight and nine.”

“I had offers from I guess I'll say it, Founders Fund and Andreessen Horowitz for my Series B. Vinod gave me the lowest valuation, and I still took his offer.”

“Founders fund bought into open AI. At a twenty nine billion dollar valuation, but aside from that investment, they're generally avoiding the AI deals.”

“We've probably tried to do too much investing in Europe. Over the years, it's always sort of a junket, sort of, it's a nice place to go on vacation as an investor.”

“Almost every successful investment of founders fund over eight funds was invested at a five hundred million dollars or more entry valuation. And almost every single investment at KV in eight funds was like the seed or series a investment with very few exceptio…”

“Best investor for me was Peter Thiel, but on two tracks. Obviously Peter's been in some of the great companies through Founders Fund, including SpaceX, but he also picked Trump, he also picked Vance, and he also picked Sachs, so I think it's undeniable that Pe…”

“I met with hundreds of companies in the first three years that I was at Founders Fund. We may ended up making one investment in KDM, which was renamed Expanse and acquired by Palo Alto Networks.”