VC Trae Stephens says he has a bunker (and much more) in talk about Founders Fund and Anduril

VC Trae Stephens says he has a bunker (and much more) in talk about Founders Fund and Anduril

3 months ago
Anonymous $6hYC3Wwiad

https://techcrunch.com/2024/03/02/vc-trae-stephens-says-he-has-a-bunker-and-much-more-in-talk-about-founders-fund-and-anduril/

Last night, for an evening hosted by StrictlyVC, this editor sat down with Trae Stephens, a former government intelligence analyst turned early Palantir employee turned investor at Founders Fund, where Stephens has cofounded two companies. One of these is Anduril, the buzzy defense tech company that is now valued at $8.4 billion by its investors. The other is Sol, which makes a single-purpose, $350 headset that weighs about the same as a pair of sunglasses and that is focused squarely on reading, a bit like a wearable Kindle. (Having put on the pair that Stephens brought to the event, I immediately wanted one of my own, though there’s a 15,000-person waitlist right now, says Stephens.)

We spent the first half of our chat talking primarily about Founders Fund, kicking off the conversation by talking about how Founders Fund differentiates itself from other firms (board seats are rare, it doesn’t reserve money for follow-on investments, consensus is largely a no-no).