Brian Singerman Stepping Down as General Partner at Founders Fund, Will Become Partner Emeritus
April 13, 2024 – Brian Singerman, one of the earliest employees of Peter Thiel’s Founders Fund, announced on Tuesday that he is stepping down as a general partner and will be taking on the role of partner emeritus. Singerman, who joined the firm 17 years ago and became a partner four years later, will continue to work as an “investor and strategic advisor”.
Singerman is known for supporting the firm’s investments in Elon Musk’s SpaceX and defense-tech companies like Anduril. With his departure, Founders Fund will be left with three general partners, including Peter Thiel, Napoleon Ta, and Trae Stephens.
Thiel founded Founders Fund in 2005 and has since turned it into one of the leading venture firms in the country, thanks to early bets on Facebook, SpaceX, and Palantir, which he co-founded.
In his post, Singerman wrote, “From its inception and still today, FF is the place where talented, unconventional thinkers are encouraged to follow their convictions and make world-changing bets.”
The news comes at a challenging time for the venture industry, with IPOs virtually drying up in late 2021 due to rising inflation and interest rates. However, there have been signs of life in recent times, with a few companies indicating plans to go public next year. Notably, SpaceX is reportedly considering a tender offer that would value the rocket company at $350 billion, up from $210 billion earlier this year.