Today's Reason Podcast conversation is with Michael Solana, a vice president at the venture capital firm Founders Fund. The firm, which is worth upwards of $3 billion, founded by Peter Thiel, PayPal co-founder Luke Nosek, former PayPal CFO Ken Howery, and Sean Parker of Napster and Facebook fame.
Some of the fund's investments include SpaceX, Airbnb, Lyft, and Oculus, as well as variety of lesser-known companies in the realms of aerospace, biotechnology, energy, and internet technology.
I spoke with Michael about the future, which he thinks about a lot both as an investor in emerging technologies and as host of the official Founders Fund podcast Anatomy of Next, the latest season of which explores the ways technological advancements in rocketry, materials science, augmented reality, fertility science, and artificial intelligence will get humanity to Mars and beyond.
But Solana and his colleagues also believe that Silicon Valley is mired in groupthink and susceptible to the false promises of socialism. In this conversation, we talk about what Founders Fund is doing differently, why Solana believes capitalism is necessarily the engine of growth and innovation, the promise and perils of privatizing government functions, and what he's learned from the famously contrarian Peter Thiel about what it means to be an independent thinker.
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