
Chief Comms Officer @foundersfund
San Francisco, CA
Joined May 2008
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For 20 years, Founders Fund has actively avoided media profiles. I finally convinced (some of) the team to provide a level of access we’ve never given a journalist. @mariogabriele spent over a year researching FF, and the result is the closest approximation to the truth to date.
Today, the first part of his series:
I spent 18 months researching @foundersfund.
"No Rivals" is the result.
A 35,000-word series, released over the next four weeks.
It’s a product of extensive research, interviews with more than a dozen key figures, and a detailed analysis of previously undisclosed returns.
Erin Gleason Lane retweeted
i spent.... TOO MUCH TIME.... inside the ‘curiosity shop’ where kelly clarkson tried and failed to buy a $15k fake bird, now on sale for $15 million. here's everything i overheard (was insane)
We spent a night and day inside the adult toy store where Kelly Clarkson tried to buy a fake bird… setting off a viral feud that has captivated the internet.
The store, Art of Play, is located in one of the richest neighborhoods in New York City. The average household income in the area is ~$280k.
Now, as the American Idol alum vs. Brooklyn toy store debate — in which Clarkson accused store employees of treating her like a poor person after she tried to buy “Molly,” a $15k mechanical bird — continues to make headlines, Art of Play is making a killing.
Owners have raised the price of the bird to $15 million and seem eager for someone to buy it. Said co-owner Adam Rubin (bestselling author of the children’s book Dragons Love Tacos, btw): “If some crypto bro wants to buy this,” he’ll sell it and give every employee $15k, while also giving the bird’s craftsman $1m.
Meanwhile, the store’s magic shows (yes, they do those) are sold out through October, meaning Art of Play is making at least $20,000 per week. Nevertheless, instead of thanking Clarkson, the shop says they’re being “literally attacked” as the singer’s upset fans circle in.
More from an insane day inside Brooklyn’s most deranged culture war, via @harrissockel 👇
Erin Gleason Lane retweeted
Hey Matan - CEO of Cognition here. I respect the work you have done at Factory but your allegations here about Cognition are not true.
We have no interest in Factory’s info and Chris has never brought it up. He has not shared and would never share any information about you or Factory with our team, nor would we ever ask. Similarly, we would never ask our engineers or anyone on our team to collect info about any competitor under-the-table. Chris is an advisor to at least 10 companies, and he told you he was resigning as an advisor on Monday.
The truth is we both wanted Chris and for good reason - he is a living legend with an unmatched reputation for results and integrity. Not only is he the only person who has built a sales org from the first sales hire to over 3B, he also has built incredible teams that he cares deeply about. His people love working for him.
Again, I have a lot of respect for what you’ve built, but competing with integrity doesn’t include posts like yours.
We are terminating Chris Degnan for unethical conduct involving Cognition.
The last few months have seen incredible progress in AI capabilities. San Francisco has flourished as new companies that solve new, more ambitious problems are finding great success. Generally, it is a wonderful time to be building.
We at @FactoryAI have seen overwhelming interest in our model-agnostic coding agents and our software factory product. Our team has 10x’d in size, while our revenue has 100x’d year over year. This momentum has been unprecedented.
A much larger competitor, Cognition (makers of Devin) has fallen behind us on the capabilities that matter most to customers: cost, quality, and security. Instead of competing in the market, Cognition engineers feigned interviews with us to pry information about our product. Not finding what they were looking for, Cognition has decided to throw their weight and money at people with direct knowledge of our most confidential plans.
It feels as though ethics is being thrown out of the window in the AI era. People are willing to do anything, including exploiting privileged information and violating ethical boundaries. I think this is unique to our time, and I don’t think it’s right. Integrity still matters.
Yesterday, I made the decision to immediately terminate Christopher Degnan’s roles as a Board Observer and Advisor to Factory, after over a year of service.
Prior to this decision, Chris told me he had a casual conversation with an executive at Cognition AI. When I questioned his intentions, he reassured me that ethics aside, he had “made too much money” and was “too lazy to go work for Cognition,” which I trusted and believed.
On Monday, Chris spent time advising the Factory team on a handful of confidential board-level matters. That evening, he called me to say that the conversation that was initially described as casual and one-off was actually formal and recurring. For weeks, while he sat in our board meetings and advised our leadership team, he was also confiding with executives of our largest competitor. Chris was subject to confidentiality obligations in connection with his work with Factory. We do not know the extent of the information he shared, but it puts his timely questions about our product roadmap and what the parity gap involves into a new light.
It is sad to sever a relationship with someone who has been a trusted advisor - and even a close friend - for over a year. But Chris’s conduct is unacceptable to me. Trust in Board Membership is one of the sacred bonds in the Silicon Valley, one that helps the startup ecosystem thrive. With it comes an enormous responsibility. That trust was violated.
Competition is good. I respect and in many cases admire our competitors. San Francisco is a beautiful, singular place where the bold and ambitious go to defy the norms and precedents of the past. But certain principles that must remain. Violating ethics to seek advantage turns what should be positive-sum into zero-sum.
We all love technology. And we all love to compete. But we must hold ourselves to a higher standard. The future of software engineering comes with abundance that will impact every person on Earth. Building that future comes with immense responsibility. We must build and compete with integrity.
Erin Gleason Lane retweeted
“Nobody else is going to do this. If we don’t do this, nobody else is going to do it.”
@generalmatter
Erin Gleason Lane retweeted
LADIES AND GENTLEMEN THE PIRATE WIRES POD HAS RETURNED
PIRATE WIRES PODCAST: WE’RE SO BACK
Not a drill... the gang is back together for your favorite weekly pod. PW alum @metaversehell returns to the show with @micsolana and @rylzdigital where we talk:
The 25th anniversary of 9/11 and how much the world has changed since then, the Lindsay Clancy case and brainrot phone addiction, an Anthropic researcher’s warning, a deep dive into H1-B visas, and... are we all living in a simulation?
Erin Gleason Lane retweeted
MAFIA EP 001
Mafia: Episode 001 (Pilot)
A recent game of Mafia hosted by Founders Fund
Erin Gleason Lane retweeted
in 2013, america closed its last uranium enrichment plant, and lost the capacity to produce its own nuclear fuel. today, general matter signed a lease with the DOE to enrich in paducah, kentucky, bringing the very site we closed back to life.
Erin Gleason Lane retweeted
There is no venture capital firm like Founders Fund, and there is no writer who tells venture capital firms' stories like Mario Gabriele.
In their respective crafts, both have No Rivals.
That is the title of Mario's epic four-part series on Peter Thiel and Founders Fund, and the topic of our conversation on Hyperlegible.
Sometimes, someone writes something so good that it fills me with a healthy, respectful, chapeau-inducing jealousy. Rene Girard would probably have something to say about that. No Rivals is one of those pieces.
On this week's Hyperlegible, we talked about how he got such in-depth access, how he wrangled everything he learned into the beautifully coherent story he told, and of course, we talked all about how Founders Fund has built one of the best, and certainly the most unique, venture capital firm in the world.
And we end the conversation, as he ended the series, by discussing whether and how Founders Fund will be able to stay original and dominant when everyone is trying to copy them.
Erin Gleason Lane retweeted
Part III: The Gospel
Erin Gleason Lane retweeted
Part II: The Disciples
PART II:
A prophet without disciples is a madman.
FF would not have achieved a fraction of its success had Peter Thiel not succeeded in winning others to his cause.
None have been more important than two largely unheralded figures: Napoleon Ta and Lauren Gross.
Ta is the investor behind FF’s best-performing growth investments. He keeps such a low profile he asks his team *not* to submit his returns to the Midas List.
Gross is FF’s COO and head of IR, responsible for scaling AUM into the billions and building its team.
Erin Gleason Lane retweeted
Our work isn't finished. Next year, five supervisor seats are up for election, and we're aiming to win them all. We'll also have critical charter reforms on the ballot. These structural changes will help San Francisco run better for decades to come.
Last election, we were outspent by opponents and narrowly lost some key races. We're not letting that happen again: our budget for next year is our largest ever to ensure decisive victories.
We need your help to win. If you’d like to donate to @GrowSF and be part of transforming our city, please DM me or email [email protected].
It's both fantastic and annoying to see how quickly @DanielLurie has whipped SF back into shape. I realize there's a ton more to do, but the fact this seemed like an intractable problem for years to the previous administration(s) is bonkers in light of how much Lurie has already accomplished. Kudos also to @agarwal and the GrowSF team for helping set the table for the new mayor.
Erin Gleason Lane retweeted
I spent over a year at Founders Fund searching for an American enrichment company to invest in, only to find there wasn’t one.
So we built our own. General Matter is filling the nuclear U.S. fuel gap. We are enriching uranium in America, and we will be shipping by the end of the decade.
Join us to help fuel the next era in American power.
General Matter is enriching uranium for the US.
We will revive nuclear fuel production in America. We chose to do this not because it’s easy, and not because it’s hard, but because it needs doing.
Nothing gets made if fuel isn’t made. America’s ambitions, from manufacturing to AI, all require nuclear. It’s the only source of energy that is reliable, scalable, and clean. It’s not only our future but our present, powering almost half of our clean energy and roughly 20% of our grid today.
But the US is forced to look abroad for our nuclear fuel. Despite pioneering the technology, we’ve since outsourced enrichment to allies, competitors, and even adversaries. We didn’t just give up the lead. We’re no longer even in the game.
It’s time to enrich. For the past year, General Matter has been incubated within Founders Fund, with a team from SpaceX, Tesla, Anduril, national labs, and the DOD. We are undertaking an engineering challenge which, if successful, will fundamentally improve the trajectory of our nation.
The raw material is embedded in the bedrock beneath our feet. America’s future is written in stone.
We are turning our potential into power, and exceptional talent is needed. Join us.
Erin Gleason Lane retweeted
looking for a full-time editor for the pirate wires daily. you'll be responsible for sourcing stories each morning, managing assignments, editing each take, and writing your own. must be terminally online and funny. solana at piratewires.
Erin Gleason Lane retweeted
Rousing panel on VC reporting to kick off the @HaymakerGroup Media Summit with @alexrkonrad and @danprimack, moderated by the masterful @eag. Thanks @JJColao for hosting!























