20VC: Founders Fund’s Brian Singerman on Why VC Is About Upside Maximisation Not Downside Minimisation, Why There Is No Right Way To Do Venture and Why They Do Not Have Monday Morning Partner Meetings At Founders Fund
Brian Singerman is a Partner @ Founders Fund, one of the world’s most prestigious and successful VC funds with prior investments in the likes of Facebook, Airbnb, SpaceX, Spotify and many more incredible companies. Prior to Founders Fund, Brian spent 4 years at Google where, among other projects, Brian founded iGoogle. Whilst at Google, Brian also started his career as an investor, founding his own angel fund, XGYC Fund. Brian also currently sits on the board of Affirm, Oscar, AltSchool and Emerald Therapeutics. Due to Brian’s immense success he was named No 5 on Forbes Midas List for America’s Top VCs.
In Today’s Episode You Will Learn:
1.) How Brian made the way from Google, to his own angel fund to being General Partner @ Founders Fund?
2.) How has Brian seen his investment mindset shift over the years from angel investing to his angel fund, XGYC to now being a partner at Founders Fund?
3.) Why does Brian believe that success in VC is purely about upside maximization? What does Brian think downside minimisation is unimportant?
4.) What does the investment decision-making process look like at Founders Fund? How does this change with the scaling cheque size? What are Brian’s views on conviction driven vs unanimous team voting structures?
5.) Why is Brian a staunch generalist when it comes to investing? For Brian, why does he believe that being a generalist will deliver outsized returns over being a specialist?
Items Mentioned In Today’s Show:
Brian’s Fave Book: Snow Crash
Brian’s Fave Blog: Dan Primack
Brian’s Most Recent Investment: Affirm
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