Founders Fund
- What it captures
- Direct equity exposure through Founders Fund (Peter Thiel's venture capital firm), a lead investor in multiple Neuralink funding rounds including Series C (August 2024, ~$685M).
- What it misses
- Stake size, cost basis, liquidation preferences, and board representation; Founders Fund has no publicly traded vehicle — exposure is only accessible to its limited partners (institutional investors, endowments, family offices).
Materiality: high · Confidence: high · Long term (3+ years)