This Week in Startups

Founders Fund's Brian Singerman on building a legendary VC firm, “Adapt or Die” and "Ikigai" | E1896

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Feb 12, 2024
Brian Singerman, a partner at Founders Fund, shares insights from the forefront of venture capital. He discusses the mantra "Adapt or Die!" and how it's crucial for success. Singerman offers practical tips for emerging VCs, recounts a humorous yet cautionary tale about a missed opportunity by an overconfident LP, and reflects on the balance between supporting visionary founders while allowing them the autonomy to innovate. He also touches on the significance of self-awareness in navigating complex investment landscapes.
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ADVICE

Differentiate Yourself

  • Figure out your strengths and what sets you apart as a venture capitalist.
  • Find the intersection of your skills and profitable opportunities.
ANECDOTE

SpaceX Investment

  • Brian Singerman was attracted to Founders Fund when they considered investing in SpaceX.
  • Despite initial failures, they saw SpaceX's unique potential in the market.
ANECDOTE

Overconfident LP

  • An LP gloated about passing on Founders Fund 2 after their SpaceX investment.
  • Founders Fund 2 became one of the most successful venture funds, proving the LP wrong.
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