Today, longtime Founders Fund partner Brian Singerman announced he is taking a step back at X. He will move from honorary partner to partner in order to achieve a better “work-life balance,” but will continue in his role as an “investor and strategic advisor” to the firm.
Singerman has been with Founders Fund for more than 16 years. In his farewell post, he wrote that he was attracted to the company, founded by Peter Thiel in 2005, because it was considering a “literal moonshot” investment in SpaceX. Mr. Singerman has since invested in companies including fintech company Affirm and health insurance company Oscar Health, both of which went public.
Mr. Singerman is not the only partner leaving the company this year. In January, Keith Rabois left Founders Fund to join Khosla Ventures.