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founders fund clearly absolutely top tier firm um and they've done very very well with their model um you know one one example um to just to amplify what jason was saying you know when they raised founders fund three they immediately put a quarter of that into palantir and that was a brilliant move um and in founders fund two you know they uh sold well so yammer was in there uh david sax's company prior company they took the proceeds from that and then peter went and you know basically uh took c
someone like Founders Fund or Lightspeed would come in and write a four million dollar check at sixteen pre whereas everyone all the other seed funds we're talking about doing like three on nine right and so the founders are like well we're gonna take them we're gonna take the larger round and we'll be off to the races and so that was actually a material impact on some of our fund managers
Manu Kumar a canine ventures was a seed investor in Twilio Encarta and lyft and you know Twilio and and lyft are you know 10 billion plus dollar companies and he invested pretty much actually at the proceed stage