Founders Fund

“And in fact, you should just concentrate into the fewest number of companies possible and don't dilute your average returns by indexing.”

“Founders Fund recruits for people that want to be investors, that don't want to be entrepreneurs. If they want to be entrepreneurs, they should go be entrepreneurs. And the two roles are extremely different.”

“If you've got a company that was like growing steadily, but then there's a big up round, it's probably the case that that up round is not even enough up. That if it's like a two X up round, maybe it should be a four X up.”

“I don't think you want to be in love with an idea. I think that's a risky thing because then you're going to try and find a way to express that by investing. And you're going to maybe make some compromises on the team because you know, this idea is just so goo…”

“And so if there's a trend inherently, you have many companies going after the same trend, you're going to have new entrance. It's become a thing. It's not about one company. It's about the theme. And if there's a theme, that's not about one company, then it's …”

“Hey, I think there's a huge set of, you know, physical world companies, hardware companies that could be really valuable, and this could span biotech, computer chips, satellites, like space launch, transportation, infrastructure, almost anything that was not d…”

“And so I think it's often just like a really deep interest in something that's of a personal interest to a founder. And they're just, they believe it should exist. They believe there should be some way to solve this and everyone's done it the wrong way. And he…”