Founders · Aug 26How Elon Works
It put $20 million into SpaceX in 2008, when the company was near death. Musk says it would not have come through had he burned his PayPal relationships.
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Company · Investors & studios
Founders Fund
A venture capital fund led by Peter Thiel.
What was said about Founders Fund
Capital and deals2
- Elon Musk stayed friendly with the PayPal coup leaders who ousted him, and they later saved SpaceX▶ 37:27The Founders Fund investment of $20 million in 2008 kept SpaceX alive.Founders · How Elon Works
- Sean Parker helped Zuckerberg raise venture money while keeping permanent control of the board▶ 1:18:36Founder control later let Facebook ride out a 50% post-IPO drop and the mobile pivot without being forced to sell or change course.
Acquired · Meta
Founders · Aug 26Acquired · Oct 27Meta
Led Facebook's $500,000 first round at a $5 million pre-money valuation and accepted that Zuckerberg would control the board. Sequoia would not have agreed to that.
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