Founders Fund: The Kingdom
Gross provides the gentle structure, serving as a kind of mediator. “The thing that probably takes up most of my time is serving as a neutral party at the investment table,” she said. “I have no personal agenda. I don’t care if the next investment gets through or doesn’t.”
The Generalist • Founders Fund: The Kingdom
- Counterposition against incumbents
- Avoid mimicry and escape competition
- Seek outlier founders
- Select for cerebral competitiveness
- Hire talent young and groom for leadership
- Process-light, content-heavy
- Concentrate maniacally
Founders Fund: The Kingdom
Perhaps because of the raw intelligence on the team, Founders Fund’s investors do not have formal specializations. While Joey Krug spends more of his time on crypto and Trae Stephens on defense, there are no fiefdoms, and the expectation is that every investor is capable of analyzing anything that comes through the door. By doing so, Founders Fund ... See more
The Generalist • Founders Fund: The Kingdom
“By definition, you end up doing what is relatively best within that given sector or stage versus what’s absolutely best across the board.”