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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: The Anduril Memo: Founders Fund's Brian Singerman on What Makes Palmer Luckey One of the Greatest Innovators in History, Why It Is BS The DOD Do Not Want To Work With Silicon Valley & Why in Venture You Have To Play A Different Game to the Hedge Fun

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4637 Ratings

🗓️ 11 November 2021

⏱️ 28 minutes

🧾️ Download transcript

Summary

Brian Singerman is a General Partner @ Founders Fund, one of the most prominent venture firms of the last decade with a portfolio including Anduril, SpaceX, Tesla, Palantir, Stripe, Affirm, Airbnb, Facebook, and many more. As for Brian, he has led investments in the likes of Affirm, Oscar Health, Wish, Asana, Oculus, and Postmates to name a few. Brian also sits on the board or is an observer to The Long Term Stock Exchange, Solugen, Cloud9, Modern Health, and of course, Anduril. Prior to Founders Fund, Brian spent a very successful 4 years as an engineer and executive at Google.

In Today’s Episode with Brian Singerman on Anduril, You Will Learn:

1.) How did Brian first come to meet Palmer and the Anduril team? Where did the meeting take place? How did the discussion go? Did Brian instantly feel that Palmer was special? What about the way Palmer presented, suggested this to Brian?

2.) The Market: What gave Brian the confidence Anduril would be successful where so many others had failed? How did the market change or evolve in a way Brian did expect? In what ways did the market surprise Brian? Does Brian think we will see the relationship between Silicon Valley and the DOD change over time?

3.) Anduril: The Business: Why is Anduril as a business, so hard to copy? How did Brian gain comfort around their defensibility? What does Brian think is the biggest misconception people have of Anduril as a business? How does Brian think about when is the right time to add secondary and ancillary products?

4.) Investing Today: Why is Brian no longer Zoom investing today? What does Brian mean when he says you have to, "play a different game to the hedge funds today"? In what way does he and Founders Fund look to do this? How does Brian think about the current levels of pricing? How does he determine when to pay up vs when to be disciplined?

Transcript

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0:00.0

Welcome to a very special 20 VC. Yes, it's my favourite of the month. This is the memo where we deep dive

0:04.8

on one specific investment decision and company and are joined by the partner that led that decision

0:09.4

at the venture firm. Earlier this year, we have Palmer Lucky on 20VC, and if you haven't checked that out,

0:14.4

it is a must. But ever since I've wanted to do a deep dive on Andgerald. And so I'm thrilled

0:18.3

to be joined today by the man who led the round for Founders Fund, their general partner Brian Singerman. Outside of Andrew, Brian has led investments in the likes of

0:25.1

her firm, Oscar Health, Wish, Asana, Oculus, and Postmates, to name a few. Brian also sits

0:30.9

on the board, or is an observer, to the long-term stock exchange, soliogen, Cloud 9, Modern

0:35.7

Health, and of course, Andrea, which we're deep diving on today.

0:38.7

I'd also want to say a huge thank you to John and Matthias at Founders Fund, and then also

0:42.0

Palmer Lucky himself and Andrew for some fantastic questions suggestions today. Really did make such

0:46.8

a difference. But before we dive into the show today, fast, granular and most importantly

0:51.4

reliable data is so crucial to successful decision-making in venture

0:55.1

capital today. And that's why PitchBookebook provides a comprehensive platform for all your venture

0:59.7

and capital market needs, supported by world-class research, dedicated customer success teams,

1:04.9

and award-winning technology. With PitchBook, you can track the activity of markets,

1:09.0

firms and individual investors to identify

1:11.2

potential prospects or even your next limited partner, offering the extensive exclusive data you need

1:16.6

to make informed investment and business decisions and the tools to carry them out. And

1:20.7

cooler than this, 20 VC listeners can try pitchbook with free limited access to learn why so many

1:25.7

professionals make it their main source of VC data,

1:28.5

see what you can accomplish with the most robust capital market database, visit pitchbook.com

1:33.4

forward slash 20VC to get access to date.

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