Saved by Timothy Shih and
Multicoin Capital: The Outsiders
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
- 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
Three focus areas for investment: crypto, fintech, and emerging markets . I expect roughly 50% of investments to be crypto-related.
On the speed and concentration spectrum, Generalist capital sits left of centre and plans to invest in ~20 companies over the next 18 months. Reasons for this approach include : 1. Meaningful Ownership; 2. Maintain an... See more
On the speed and concentration spectrum, Generalist capital sits left of centre and plans to invest in ~20 companies over the next 18 months. Reasons for this approach include : 1. Meaningful Ownership; 2. Maintain an... See more