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Investor profile

Founders Fund

Venture capital firm · Founded 2005 · Active in 2026

Founders Fund was founded in San Francisco in 2005 by Peter Thiel, Ken Howery, and Luke Nosek — three of the original PayPal mafia. The contrarian thesis — "we wanted flying cars, instead we got 140 characters" — has driven heavy concentration in deep tech and frontier categories: space, defence, AI infrastructure, and crypto.

Signature bets include SpaceX, Palantir, Anduril, Stripe, and an early position in Facebook.

140 Power Law outcomes Power Law Ranking #10 · Global · 140 Power Law outcomes · Active 2026
Unicorns ↑ 45% 5y
122
Decacorns ↑ 42% 5y
27
Thoroughbreds ↑ 71% 5y
91
01 · Exits

Sequoia’s biggest exits.

Sequoia portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 1999
Entered SeedNow $5.2T
IPO · 2004
Entered Series ANow $4.6T
IPO · 1980
Now $4.5T
IPO · 2014
Entered Series B+Now $306B
$214B IPO · 2021
Entered Series B+Now $20.1B
IPO · 2012
Entered Series ANow $207B
$82.0B IPO · 2019
Now $153B
IPO · 2012
Entered Series B+Now $103B
$95.0B IPO · 2020
Entered SeedNow $69.1B
$93.9B IPO · 2020
Entered Series B+Now $58.4B
$24.0B IPO · 2018
Entered Series B+Now $73.3B
$39.0B IPO · 2020
Entered Series ANow $67.6B
$32.0B IPO · 2021
Entered Series B+Now $67.5B
$41.5B IPO · 2021
Entered SeedNow $64.4B
$60.0B IPO · 2021
Entered Series B+Now $28.0B
$55.5B IPO · 2026
Entered Series B+Now $55.5B
$52.8B IPO · 2018
Entered Series ANow $49.6B
IPO · 2013
Now $45.0B
IPO · 2015
Entered Series B+Now $39.4B
IPO · 2002
Entered SeedNow $39.1B
$32.0B acquisition · 2025
Entered Seed
$12.0B IPO · 2021
Entered Series B+Now $29.5B
IPO · 2014
Entered Series B+Now $28.6B
IPO · 2015
Entered Series ANow $28.2B
03 · Portfolio analysis

The 140 Founders Fund Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA117
  2. UK4
  3. Brazil3
  4. Germany3
  5. Canada2
  6. New Zealand2
  7. UAE1
  8. Israel1
  9. Sweden1
  10. Mexico1
  11. Senegal1
  12. Australia1
By sectorCount
  1. Fintech30
  2. Health Tech & Medtech15
  3. AI14
  4. Biotech & Life Sciences13
  5. Other B2B Software10
  6. eCommerce & Marketplaces9
  7. Cybersecurity9
  8. Other8
  9. Transportation7
  10. Marketing6
  11. Energy6
  12. Space5
By stage enteredCount
  1. Series B+69
  2. Series A32
  3. Seed26
Estimated holdings

Founders Fund’s biggest current holdings.

An estimate of Founders Fund’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 39 companies where Founders Fund is a named shareholder, worth about $175B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 SpaceX | xAISpace · Gigacorn 10.4% $1.2T $130B
  2. 2 AndurilSecurity · Decacorn 28.5% $61.0B $17.4B
  3. 3 StripeFintech · Centicorn 5% $159B $8.0B
  4. 4 RampFintech · Decacorn 14.5% $32.0B $4.6B
  5. 5 PolymarketFintech · Unicorn 21% $9.0B $1.9B
  6. 6 Cognition | Devin AIEnterprise Software · Decacorn 16.5% $10.2B $1.7B
  7. 7 12% $12.5B $1.5B
  8. 8 8.8% $12.6B $1.1B
  9. 9 10.5% $10.0B $1.1B
  10. 10 11.5% $8.0B $920M
  11. 11 8.5% $7.5B $638M
  12. 12 6.1% $9.7B $589M

Showing the 12 largest of 39 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = Founders Fund’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Founders Fund also appears inside investor groups in Facily, Flash Express, Maven Clinic, OpenAI, OpenSea, Quora, Ripple, ZenBusiness, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

Founders Fund’s biggest exits.

Founders Fund portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 2010
Entered Series B+Now $1.6T
IPO · 2012
Entered Series B+Now $1.6T
$29.5B IPO · 2018
Entered Series B+Now $97.3B
$95.0B IPO · 2020
Entered Series B+Now $69.1B
$41.5B IPO · 2021
Entered Series B+Now $64.4B
$29.0B acquisition · 2025
Entered Series B+
$23.9B IPO · 2021
Entered Series B+Now $28.4B
IPO · 2015
Entered Series B+Now $28.2B
$2.0B IPO · 2016
Entered SeedNow $27.2B
$24.3B IPO · 2019
Entered Series B+Now $4.8B
$17.6B IPO · 2025
Entered Series B+Now $10.4B
$7.3B IPO · 2021
Entered Series B+Now $17.4B
$2.8B IPO · 2021
Entered Series ANow $15.6B
$14.1B IPO · 2020
Entered Series B+Now $42M
IPO · 2011
Entered Series ANow $12.7B
$12.7B IPO · 2020
Entered SeedNow $1.2B
$10.2B acquisition · 2016
Entered Series B+
$8.0B IPO · 2021
Entered SeedNow $9.9B
$7.0B acquisition · 2020
Entered Seed
IPO · 2007
Now $6.6B
$1.6B IPO · 2021
Entered SeedNow $5.9B
$4.9B IPO · 2021
Entered Series B+Now $1.7B
$4.4B IPO · 2020
Entered Series B+Now $1.4B
$4.0B IPO · 2021
Entered Series B+Now $298M

+14 more $1B+ exits on the full Dealroom profile.

04 · Portfolio market map

Founders Fund's 140 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
140 of 140 Power Law outcomes
05 · Power Law comparison

How does Founders Fund stack up?

Founders Fund in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns
Performance window All-time → 2026

Stage focus

Companies by selected outcome stage

Sector focus

Companies per investor across the 10 highest-volume sectors

Beyond Unicorns — how the portfolio compounds

% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.
Sort by
Entry stage
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Sequoia's portfolio founders come from — and where they studied.

381 founders across the 140 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Stanford University and Alphabet | Google are the deepest single pipelines.

LocationCount
United States214
Portugal14
Iran11
Germany10
South Africa10
India7
Canada7
Romania7
Australia6
China6
+20 more →
UniversityCount
Stanford University33
Berkeley16
Harvard University15
Massachusetts Institute of Technology13
University of Texas at Austin9
Harvard Business School8
University of Pennsylvania7
Cornell University7
Stanford University Graduate School of Business7
University of Oxford6
+108 more →
Origin companyCount
Alphabet | Google45
Microsoft26
Meta16
Palantir9
Uber8
Yahoo!6
SpaceX | xAI5
Apple5
Dropbox5
LinkedIn4
+131 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.

Market sentiment

What the market is saying about Founders Fund

An AI-synthesized read of the highest-engagement posts about Founders Fund on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Founders Fund

Recent press, funding announcements, and portfolio moves mentioning Founders Fund — pulled live from Dealroom's news feed.

See all news

Want the full picture on Founders Fund?

The Dealroom platform tracks every round, every co-investor, and every portfolio company in real time — across 25,000+ investors and 3M+ companies globally.