Opening notes, Founders Fund's Annual Meeting

This week I had @traestephens on Uncapped. He's a co-founder of Anduril and partner at Founders Fund, and he's an amazing person. Hope you enjoy. (0:00) Intro (0:35) Choosing good quests in the AI era (7:35) Ethics behind solving certain problems (11:29) Working with regulators

Could not be more excited for the launch of Fortell - the best hardware demo I've seen in all of my years at Founders Fund.

Talked prediction markets, @Polymarket, and why this space is finally having its moment with @mariogabriele. Had to come out of podcast retirement for this!

Mnzil is building workforce housing across the GCC. Saudi only adds 3,700+ workers a day — conditions worsen, supply shrinks, prices rise. Mnzil is fixing that!

Just last summer, @Netic_AI raised our Seed round. Today, we’re announcing our Series B, led by @foundersfund with @GreylockVC, @hanabicapital, and @zoink. Thank you for tripling down since day zero. We 4x’ed our team with relentless builders from Scale, Databricks, HRT, Meta,

Good. Hard. Quests. 🧙‍♂️ There is perhaps no more critical strategic technology lever to pull than figuring out a way to scale and reindustrialize semiconductor fabrication in 🇺🇸. This is a BIG + CHALLENGING quest, and I'm so pumped that @foundersfund has partnered with

1/ I spent a long time at Palantir chasing hard problems with brilliant people (can recommend). So I think I know a good quest when I see it. Excited to announce that I started Valthos with @velvetatom and an incredible team

Official preview with my next guest, Trae Stephens, co-founder and the executive chairman of Anduril Industries and a General Partner at venture capital firm Founders Fund. @traestephens @anduriltech

Polymarkets on everything 🔮 So incredible to see ICE (the owner of @NYSE) invest $2 billion into @Polymarket, & share that @foundersfund led a $150 million round earlier this year. When we first invested in 2023, we were excited that their volumes were picking up — at around

This is awesome! ICE investing $2B in @Polymarket. Earlier this year @foundersfund doubled down on Polymarket and led a $150M round from both our venture and growth funds, our first crypto growth investment since @bridge__harris and I joined. We believed then that Polymarket had

Glad that @foundersfund we’re investors in @Lighter_xyz! They’ve built an extremely fast perp dex with really low latency using zk proofs as a layer 2 to Ethereum. @vnovakovski and the team are all extremely sharp, and it’s awesome to see their public mainnet go live. Try it out!

In 1938, Fujio Hayashi, a 22-year-old pilot in the Imperial Japanese Air Force, volunteered to be the first kamikaze pilot, but the bomb on his aircraft didn't go off and he ended up walking away from the crash, survived the war, and lived until he was 93. Founders, raising the

friends, have you considered *not* raising a billion dollars at a trillion dollar valuation? a little ~ controversial ~ food for thought this morning from founders fund partner @traestephens.

Known Laura since basically the day I stepped foot in Silicon Valley in 2013 Excited to finally be working together with FF leading her $58m Series A With diligence and terms all discussed over dinner in Paris this summer :) Turns out you can do work even when on vacay!

Five years ago, @tryramp launched its first product. Last month, we crossed $1B in annualized revenue—while generating free cash flow. Banks sell money. Ramp sells something different: time. Grateful to @leomschwartz and @packym for two of the most extraordinary deep dives yet

We’ve raised over $400M at a $10.2B post-money valuation to advance the frontier of AI coding agents. The round was led by Founders Fund with other existing investors including Lux, 8VC, Neo, Elad Gil, Definition Capital, and Swish VC all doubling down. We’re also joined by new

When W-3 prepared for hypersonic reentry, our friends @LeoLabs_Space were tracking it, and feeding that data to @anduriltech. This operation used Varda's vehicle to demonstrate how operators can track hypersonic space maneuvers. Today, the @nytimes covered that collaboration:

Few founders care as deeply about restoring the West’s edge in manufacturing as @filarons. With BuildOS, @diracinc is turning tribal knowledge into automated workflows and modernizing American industry.

General Matter is bringing uranium enrichment back to the United States, starting at the site where the U.S. enrichment industry was born. We’ve signed a lease with the Department of Energy to establish the nation’s first U.S.-owned, privately developed uranium enrichment

in 2013, america closed its last uranium enrichment plant, and lost the capacity to produce its own nuclear fuel. today, general matter signed a lease with the DOE to enrich in paducah, kentucky, bringing the very site we closed back to life.