/ Conduct Index / Founders Fund

Founders Fund

Tier 1 VC · Seed · Series A · Growth
B+

Good (B+) — Capital Conduct Grade

Founders Fund (Peter Thiel, Ken Howery, Brian Singerman) has a documented founder-friendly philosophy, articulated in the 'What Happened to the Future?' manifesto. Strong on conviction-based investing and willingness to invest in unfashionable categories (defense, deep tech). Term-sheet behavior strong; board behavior consistently founder-favorable.

86
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Term Sheet Honesty
A-
Founder-Friendliness
A-
Follow-On Discipline
B+
Exit Support
B+
Network Quality
A-
/ Public-Record Events

Key events & disclosures.

  • Founded 2005 by Peter Thiel et al.
  • Defense / deep-tech conviction (Palantir, SpaceX, Anduril)
  • Documented founder-friendly philosophy
  • Manifesto: What Happened to the Future?

/ Best for

Founders in deep tech, defense, energy, or biotech seeking conviction-based capital and founder-favorable board structure.

/ Watch out for

Thiel's public political profile may produce reputation considerations for some founders. Evaluate based on your specific partner relationship.