Founders Fund

“I am not seeing much influence on a company's ability to sell their product, to acquire new customers. And I am not hearing, you know, one of the biggest Problems today in our business is that potential customers are cutting budget, and they're not able to buy…”

“At the beginning of 2020 everyone in Founders Fund was in San Francisco. There may have been an exception or two. And today in this office there's Keith Matias, Delian myself as the investors. Mike Solano's a VP here not on the investing side, but five fairly …”

“On a seed deal, you know, like we would like to get like the 10% ownership of the company as sort of a minimum. And so that's, I think like sort of a million dollars would be minimum check size.”

“On the growth stage side many of the best companies raised a lot of money last year, and given what's happened in the public markets, it's difficult to justify, certainly an up round and maybe even the valuations at which, Those businesses raised, and many of …”

“And Parker spends near zero time angel investing and doesn't really angel invest. And he was like, he said that and he was like, but I did angel invest in this company. And you have to meet Colin from Omni.”

“The bottleneck in four out of five companies that I speak with is opportunity creation. It's demand gen. And this is oftentimes misdiagnosed as conversion rates.”

“You mentioned AI founders fund didn't really do AI. So even if you were dot AI the last 18 months, it was like a no-go regardless of the success of the business. We didn't love the categories of like health tech and ed tech.”

“What you're describing is as Peter described the power law venture, where there can be a series, a, an exceptional company that is raising money at 30 to forty million dollars, which I think is probably the Middle of the road series a right now and a billion d…”