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Founders Fund is an American venture capital fund formed in 2005 and based in San Francisco. The fund has roughly $12 billion in total assets under management as of 2023. Founders Fund was the first institutional investor in Space Exploration Technologies (SpaceX) and Palantir Technologies, and an early investor in Facebook. The firm's partners have been founders, early employees and investors at companies including PayPal, Palantir Technologies, Anduril Industries and SpaceX.