Founders Fund: The Disciples

“What I’m there for is to have a strategy discussion with the founder — for them to be totally ruthless and put me in my place. And not in a bullshit way. At this point, I’m pretty good at spotting the delta between bravado and actual competence.”

“I do completely reactionary investments. The way to do good reactionary investments is to be open to anything and have a way of judging a company that is not based on specific expertise, like sectoral expertise.

“I try to live my life by what I call my ‘freedom quotient’: the numerator is money and the denominator is fame,” he said. “I’m trying to maximize money and minimize fame.”