Podcast Notes Playlist: Startup

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


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Twenty Minute VC


Podcast Notes Key Takeaways
  • “You need just as good business people on your team as you do technology people in order to win” – Brian Singerman
    • Anduril’s team recipe is made for success by having elite technologists and pre-existing relationships with the government
  • We need to control our own destiny when it comes to national security – defense products need to be built on-shore, not outsourced
    • Anduril is creating software (Lattice Platform) and hardware for national defense and security
  • Every founder needs to have ‘IT’ = Know their unique strengths and effectively supplement their weaknesses with other people
    • In Brian’s opinion, Palmer Luckey has ‘IT’ and compares him to Elon Musk as a technologist visionary
    • Relationships with founders are the key to VC success in this valuation inflation market


Read the full notes @ podcastnotes.org



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?

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