Good Mafias Come From the Crucible - Trae Stephens | #41

Today, Santiago & Josh interview Trae Stephens, Partner at Founders Fund and Co-Founder of Anduril Industries & Sol. We cover:   > End of the Exquisite and the rise of the Attritable > Economics of modern warfare > Coming back down the curve: nuclear deterrence > Why Palmer Lucky? > Ramjets in the swimming pool > Form newspaper editor to international man of mystery (sort of) > Joining Thiel's team > Why most startups are on lame quests > Side-quest one: read in bed > Side-quest two: get outside > Theology of building > No Trump excuse + Ukraine war + peak woke mind virus === defense tech 🚀 > Investing in a "category"? You're too late. > Lessons from 10 years at Founders Fund     Learn more about Trae Stephen's work: https://foundersfund.com/our_team https://www.anduril.com/   ----------   Follow New Founding across Social Media: Twitter – https://twitter.com/newfoundingorg YouTube – https://www.youtube.com/channel/UClCvCeAC7erMbc3zvuJN2_Q Website – https://www.newfounding.com   Find the Best People. Join our Talent Network: https://www.newfounding.com/talent   Follow Us on Twitter: Santiago Pliego – https://twitter.com/santspliego Joshua Clemans – https://twitter.com/joshuaclemans   The New Founding Podcast is recorded at the New Founding HQ in Dallas, Texas, produced by Santiago Pliego & Joshua Clemans, and edited by Jared Cummings.   Subscribe to the "New Founding Podcast" Podbean – https://newfoundingpodcast.podbean.com/ Apple Podcasts – https://podcasts.apple.com/us/podcast/the-new-founding-podcast/id1688229934 Spotify – https://open.spotify.com/show/1lSzo1TIs7MpVlCrzqbpap Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZGJlYW4uY29tL25ld2ZvdW5kaW5ncG9kY2FzdC9mZWVkLnhtbA?sa=X&ved=0CAMQ4aUDahcKEwiY8sLYno7_AhUAAAAAHQAAAAAQNQ