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What It Takes to Build a Generational Company | Anduril’s Trae Stephens
18 May 2026

What It Takes to Build a Generational Company | Anduril’s Trae Stephens

Grit

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Founder quality becomes more important as startups become easier to build.

Trae Stephens, co-founder of Anduril and partner at Founders Fund, has spent years backing founders with strong conviction, including most recently at Roadrunner.

He shares why too much capital too early can hurt startups, and why the best companies are built by teams with complementary strengths.

Guest: Trae Stephens, co-founder, Anduril and Partner, Founders Fund


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