Founders Fund

Founders Fund is a San Francisco-based venture capital firm founded in 2005 by Peter Thiel, Ken Howery, and Luke Nosek — all former PayPal executives. The firm manages over $12 billion and has backed transformative companies including SpaceX, Palantir, Airbnb, Stripe, and Anduril. Founders Fund is known for its contrarian investment thesis, favoring companies building revolutionary technology rather than incremental improvements. In AI, the firm has made significant bets on defense AI through Anduril and developer tools through Lovable, reflecting its preference for companies that leverage technology to reshape entire industries.