Founders Fund Partner Trae Stephens on Tech and IPOs, Plus Google’s Search Evolution 4/4/24
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 4 April 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Founders Fund, it is one of the most prestigious VC firms. |
| 0:02.8 | It's behind some of the most recognizable names in tech today. |
| 0:06.4 | Early investors in Facebook, Airbnb, Spotify, Lyft. |
| 0:10.0 | Joining me now for an exclusive interview is partner Trey Stevens, an early Palantier employee also who also co-founded defense firm Andrill that startup most recently valued at 8.5 billion dollars. |
| 0:20.8 | Just landed a contract with US Army yesterday on top of a Navy |
| 0:24.4 | contract earlier this year. Trey hello thank you for joining me. |
| 0:28.3 | Hi how are you? Let's start with defense. You know, we've seen this trend of government agencies increasingly embracing startups like Andrell |
| 0:38.1 | versus the broader often more mature companies, even mature tech companies that they've typically worked with. |
| 0:43.8 | Why does that shift occurring? |
| 0:45.0 | I think there's a lot of reasons, you know, that we went through this 30 year period |
| 0:50.7 | after the Cold War where the, you where the risks to the country were kind of unclear where we |
| 0:56.7 | went through total superiority and then counterinsurgency, counter terrorism, and we're kind of |
| 1:01.9 | of re-entering this era of great power conflict and |
| 1:04.9 | trying to figure out who are the types of people that we need to work on the core |
| 1:08.7 | problems and a lot of those people have been working in internet companies, |
| 1:14.0 | optimizing ads and figuring out ways to share 140 characters |
| 1:17.7 | with their friends more effectively. |
| 1:19.7 | And we need to draw some of those people |
| 1:22.1 | back into these areas of national significance. |
| 1:24.8 | I remember at the beginning of sort of one government agency started to look at working more |
| 1:28.9 | closely with tech companies, Google was there. |
| 1:31.8 | But there was a big blowback inside the company, its employees and its sort of vibe was to not |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

