Fundraising Fox

Trae Stephens

Partner at Founders Fund

San Francisco, CA

Midas 2024 · #91Midas 2025 · #19Midas 2026 · #7

About

Trae Stephens is a partner at Founders Fund and a co-founder and chairman of defense technology company Anduril, whose rise to a $61 billion valuation propelled him to number 7 on the 2026 Forbes Midas List. A former Palantir engineer, he focuses on national security and government-facing startups and has become one of the leading voices for Silicon Valley's return to defense work.

Podcasts & interviews

featuring Trae Stephens

Anduril & Founders Fund’s Trae Stephens on Choosing Good Quests in the Age of AI | Ep. 35 - YouTube

Uncapped with Jack Altman

Trae Stephens on Founders Fund - YouTube

Turpentine VC

Trae Stephens (Founders Fund & Anduril Industries) - What Happened to the Future? - YouTube

Techsylvania

The future of defense funding with Founders Fund’s Trae Stephens | StrictlyVC LA - YouTube

TechCrunch

Colleagues at Founders Fund

Photo: TechCrunch, CC BY 2.0, via Wikimedia Commons ↗