San Francisco, US · Partner
Trae Stephens
The firm
Founders FundVC firm · US161cheques in 12 months1120all time42ledRounds they were named in
- Rounds
- 1
- Led
- 0
- Disclosed
- $40M
- Active
- 2026
OuttakeSeries B$40MUSJoined · +11 investors
Rounds where a report named this person rather than a firm, matched on name: read it as a strong hint, not proof, since people share names.
Companies they are listed as backing
Portfolio
AI Foundation
Affirm
Alloy Therapeutics
Anduril Industries
Ayar Labs
Belvo- Bunch
Bungalow
COMPASS Pathways
Carbyne
Cedar
Clara Health
Crusoe Energy Systems
Density
DoNotPay
Eco
Even.com
Expanse
Faire
Figma
Formatech
Forward
Garner Health
Gecko Robotics
HeartLab- HelloOffice
Hoxton Farms- IRL
ISEE
Kargo- Kavak
Lattice
LeafLink
Literati
Luko- MADE
36 of 88 companies.
Where they are named on record
Filings
- SEC Form D · Venture Capital fundFounders FundManaging Member of the Issuers' General Partnersince 2026
- SEC Form D · Venture Capital fundFounders FundManaging Member of the General Partner of the Issuerssince 2025
- SEC Form D · Venture Capital fundFounders FundManaging Member of the Issuer's General Partnersince 2025
- SEC Form D · Venture Capital fundFoundersManaging Member of the General Partner of the Issuersince 2023
- SEC Form D · Company raisingVarda Space Industries, Inc.Directoron 2 filings · since 2021
- SEC Form D · Company raisingFlexport, Inc.Directoron 2 filings · since 2019
Each row is a document a firm filed with a regulator: somebody signed it, and it carries a date.
Hear them before you pitch them
Leopold is Back! Big Tech Earnings, Defense Tech Deep Dive | Richard Craib, Trae Stephens, Blake Resnick
WithRichard CraibTrae Stephens
MentionsFounders Fund
About this episode
(00:27) - Leopold is Back! (29:21) - Big Tech Earnings (32:45) - Richard Craib is a mathematician, AI researcher, and founder of Numerai, an AI-driven quantitative hedge fund. Richard Craib discusses the distinction between genuine alpha and returns driven by concentrated risk, arguing that… More on the show's page
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Apple PodcastsThe show's page
What It Takes to Build a Generational Company | Anduril’s Trae Stephens
WithTrae Stephens
MentionsFounders Fund
About this episode
Founder quality becomes more important as startups become easier to build. Trae Stephens, co-founder of Anduril and partner at Founders Fund, has spent years backing founders with strong conviction, including most recently at Roadrunner. He shares why too much capital too early can hurt startups,… More on the show's page
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Apple PodcastsThe show's page
Inside Anduril HQ: Trae Stephens on Anduril’s Origin, Peter Thiel, & Palantir DNA
WithTrae Stephens
MentionsPeter ThielFounders Fund
About this episode
Trae Stephens, Co-Founder & Executive Chairman of Anduril, & Partner at Founders Fund, joins Sourcery for a behind-the-scenes conversation on Anduril’s 2017 founding, when defense tech was deeply unpopular in Silicon Valley, the cultural shift that followed, and how software, autonomy,… More on the show's page
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Apple PodcastsThe show's pageInside Anduril: Exclusive HQ Tour w/ Palmer Luckey, Brian Schimpf, Matt Grimm & Trae Stephens
WithBrian SchimpfMatt GrimmTrae Stephens
MentionsPalmer Luckey
About this episode
This is a rare, behind-the-scenes walking tour & sit-down interview inside Anduril Industries , a $30.5B defense technology company that develops and sells autonomous systems, AI-powered software, and advanced hardware for military and security applications to protect US and allied forces.. one of… More on the show's page
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Uncapped #35 | Trae Stephens from Founders Fund
WithTrae Stephens
MentionsFounders Fund
About this episode
Trae Stephens is a Partner at Founders Fund. He is also Co-founder and Executive Chairman of Anduril, a defense tech company focused on autonomous systems, and Co-founder of Sol, a next generation wearable e-reader. Previously, Trae was an early employee at Palantir Technologies, where he led teams… More on the show's page
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Apple PodcastsThe show's page
How Anduril Is Reimagining the Defense Industry: Faster Tech, Ethical AI, and a New Kind of Deterrence (Trae Stephens, Co-Founder & Executive Chairman of Anduril)
WithTrae Stephens
About this episode
What happens when you apply Silicon Valley’s speed and innovation to reinvent defense technology? Trae Stephens, co-founder of Anduril, is running that experiment in real-time. His company creates software-driven, hardware-enabled autonomous systems designed to transform national security… More on the show's page
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Apple PodcastsThe show's page
Mentioned in
Episodes that name Trae Stephens in their description, which is not the same as being on them.
Uncapped #53 | Trae and Delian from Founders Fund
MentionsFounders FundKeith RaboisKhosla VenturesY CombinatorDelian AsparouhovTrae Stephens
About this episode
Trae Stephens is a Partner at Founders Fund and co-founder and Executive Chairman of Anduril Industries, a defense technology company building autonomous systems for the U.S. military and its allies. As of May 2026, Anduril is valued at $61 billion. Prior to co-founding Anduril, Trae was an early… More on the show's page
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Apple PodcastsThe show's pageBrian Singerman: "If SpaceX Didn't Work, Founders Fund Wouldn't Exist"
WithBrian Singerman
MentionsFounders FundMax LevchinPalmer LuckeyPeter ThielCyan BanisterScott Nolan
About this episode
Brian Singerman spent 17 years at Founders Fund, where he helped drive large concentrated investments into companies like SpaceX, Palantir, Airbnb, Stripe, Stemcentrx, Anduril, and Affirm. He recently left to co-found GPx, a new fund backing emerging managers. In this episode we break down the… More on the show's page
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Apple PodcastsThe show's page
The Companies Changing Warfare Forever: Palantir & Anduril Execs on Drones, AI & the Future of War
MentionsShyam SankarTrae Stephens
About this episode
(0:00) Friedberg Intros Palantir's Shyam Sankar and Anduril's Trae Stephens (0:56) Palantir Origins: CIA Analyst Joins 20-Person Startup (2:54) War, Deterrence & Silicon Valley's Defense Tech Taboo (8:39) US vs China: Drone Gap, Shipbuilding & 2027 Taiwan Threat (12:27) Anduril's Arsenal-1… More on the show's page
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Apple PodcastsThe show's pageFull Anduril R&D Tour: Matt Grimm, Co-Founder & COO
WithMatt Grimm
MentionsPalmer LuckeyBrian SchimpfTrae Stephens
About this episode
Matt Grimm, Co-Founder & COO of Anduril, walks us through Anduril’s headquarters in Costa Mesa, a rare, and possibly first look, inside the physical systems that turn ideas into fielded products. We tour Building A, a 200,000 sq ft R&D facility with machine shop, composites, metrology, electronic… More on the show's page
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Apple PodcastsThe show's pageSpaceX, Stripe, X, Ramp, Anduril: Navigating Liquidity in Private Markets
MentionsChristian GarrettTrae Stephens
About this episode
Molly O'Shea speaks with Christian Garrett, Partner at 137 Ventures. Christian shares his insights on the current state of private markets, the mechanics of high profile secondaries, and the growing liquidity squeeze faced by VCs. We also take a closer look at SpaceX's financing history, how 137… More on the show's page
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