Venture CapitalRIA · CRD 155462Exempt Reporting AdviserPrivate Fund Adviser

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Founders Fund

Founders Fund is a San Francisco-based venture capital firm investing in companies building revolutionary technologies (per firm website). Operating as...

Founders Fund logo

Founders Fund

Founders Fund is a San Francisco-based venture capital firm investing in companies building revolutionary technologies (per firm website). Operating as Founders Fund LLC (CRD #155462 / SEC #802-75555), an Exempt Reporting Adviser, the firm was established in 2005 and maintains its principal office at One Letterman Drive, Building D, 5th Floor, San Francisco, CA 94129 (per SEC Form D filings and firm disclosures). It focuses on ambitious, transformational opportunities across aerospace, defense, artificial intelligence, biotechnology, fintech, and related hard-tech domains. The portfolio includes early and growth-stage investments in SpaceX, Palantir Technologies, Anduril Industries, Stripe, Airbnb, Neuralink, OpenAI, and numerous others (per foundersfund.com/portfolio). Recent capital formation includes Founders Fund Growth III, LP, which closed with approximately $4.595 billion sold (SEC Form D, first sale March 2025), and Founders Fund Growth IV, LP, which closed with approximately $6.025 billion sold (SEC Form D, first sale March 2026). Named directors on these vehicles include Peter Thiel, Napoleon Ta, and Trae Stephens. The firm emphasizes founder-centric investing and long-term support for category-defining companies. Total firm AUM is not disclosed in primary regulatory or website materials.

General information

Firm type

Venture Capital

Year founded

2005

Location

Region

North America

Country

United States

City

San Francisco

Corporate office

1 Letterman Drive, Building D 5th Floor, San Francisco, CA 94129, United States

Additional offices

San Mateo, CA · Jackson, WY · Somerville, MA

Principals

Peter Thiel

Partner / Director

Napoleon Ta

Partner / Director

Trae Stephens

Partner / Director

Lauren Gross

Partner & COO

Scott Nolan

Partner

John Luttig

Partner

Sector focus

AerospaceAI/MLBiotechnologyConsumer ServicesEnterprise SoftwareEnergy Transition & RenewablesFinancial ServicesHealthcareMedia & EntertainmentMobility & TransportationReal EstateRobotics & AutomationSemiconductorsSpaceTech

Frequently asked questions

What is the legal name and regulatory status of Founders Fund?

The firm operates as Founders Fund LLC (CRD #155462, SEC #802-75555), an Exempt Reporting Adviser filing Form ADV with the SEC.

Where is Founders Fund headquartered?

One Letterman Drive, Building D, 5th Floor, San Francisco, CA 94129, United States (per SEC Form D filings for affiliated funds).

When was Founders Fund founded?

2005 (per firm-associated disclosures and consistent secondary primary-aligned records).

Does Founders Fund publicly disclose its total assets under management?

No. As an Exempt Reporting Adviser focused on private funds, total firm AUM is not disclosed on the official website or in publicly summarized Form ADV data; recent individual growth vehicles closed at approximately $4.6 billion (2025) and $6.0 billion (2026) per SEC Form D.

Who are the key current leaders of Founders Fund?

Partners include Peter Thiel, Napoleon Ta, Trae Stephens, Lauren Gross (Partner & COO), Scott Nolan, and others listed on the firm’s official team page; Thiel, Ta, and Stephens are named directors on recent Growth fund Form D filings.

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