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This Week in Startups

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

Feb 12, 2024
49:57
Snipd AI
Brian Singerman, venture capitalist at Founders Fund, discusses tips for emerging venture capitalists, a missed opportunity by an overconfident LP, self-awareness, strategy, and the state of venture capital. Founders Fund's unique approach to supporting founders and investing in 'end of one' companies is explored. The importance of price discipline, building relationships with founders, measuring returns, and fund strategies in venture capital are also discussed. Challenges in startups, working with challenging founders, and the resistance faced by disruptive companies are highlighted.
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Podcast summary created with Snipd AI

Quick takeaways

  • Founders Fund's strategy involves investing in companies with little competition but massive potential, exemplified by their investment in SpaceX.
  • Founders Fund prioritizes putting a large percentage of their fund into one portfolio company, demonstrating their confidence in the company's success.

Deep dives

Investing in SpaceX: A Unique Opportunity

When considering investing in SpaceX, Founders Fund saw a clear differentiation and an opportunity for an end-of-one company. Despite the initial challenges and rockets blowing up, the fund recognized the potential for unlimited upside. This strategy of investing in companies that have little competition but massive potential is what drives true venture capitalists.

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