Brian Singerman on venture capital
From Founders Fund - Funding the Future with Brian Singerman | 2024 Upfront Summit · · UpfrontVentures
“I try like crazy to get off all boards and to never take Board of director seats.”
On , Brian Singerman, Partner at Founders Fund at Founders Fund, spoke about venture capital during Founders Fund - Funding the Future with Brian Singerman | 2024 Upfront Summit on UpfrontVentures.
About Brian Singerman
Brian Singerman, a partner at Founders Fund, has discussed the firm's investment strategy and views on technology in several recent appearances. In a 2024 podcast, he described the firm's approach as "adapt or die," emphasizing that partners run their own strategies and that the goal is to invest in "n of one companies" with limited competition, citing SpaceX as an example. He stated that he does not try to predict the macroeconomy and that venture capital is a "pure upside maximization game." Singerman also said that he tries to avoid taking board seats, preferring strategy dinners with founders, and noted that he was "worst at this job during COVID" because he did not meet founders in person. Singerman has commented on the current technology landscape, describing AI as "extremely important" and "valuable" but "completely uninvestable" because it is "the least contrarian thing in history." He said the firm invested in OpenAI. Regarding the Apple Vision Pro, he said it "unlocks a new kind of paradigm" but questioned whether it would become as "massive mainstream as the phone." He also noted that a significant portion of returns from the current wave of technology are likely to go to incumbent companies like Microsoft and Google, which he described as a challenge for venture capital.