# What It Takes to Build a Generational Company | Anduril’s Trae Stephens Page: https://stenobird.com/podcast/grit-606871/what-it-takes-to-build-a-generational-company-anduril-s-trae-stephens Text version: https://stenobird.com/podcast/grit-606871/what-it-takes-to-build-a-generational-company-anduril-s-trae-stephens.md Podcast: [Grit](https://stenobird.com/podcast/grit-606871) Published: 2026-05-18T09:07:03+00:00 Episode link: https://share.transistor.fm/s/99e914a8 Audio file: https://media.transistor.fm/99e914a8/a4a44281.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/grit-606871/episodes/what-it-takes-to-build-a-generational-company-anduril-s-trae-stephens Duration seconds: 3377 ## Resource 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 Connect with Trae Stephens X LinkedIn Connect with Joubin: X LinkedIn Email: grit@kleinerperkins.com Follow Grit on LinkedIn Follow Grit on X ​ Learn more about Kleiner Perkins ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/grit-606871/episodes/what-it-takes-to-build-a-generational-company-anduril-s-trae-stephens/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/grit-606871/what-it-takes-to-build-a-generational-company-anduril-s-trae-stephens.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.