Back Visionaries,
Build the Future

We equip founders with strategic insight, hands-on support, and operational expertise to scale businesses that tackle critical real-world challenges and drive sustainable growth.

Who We Are

We are the trusted partner for Founders and CFOs, offering deep operational expertise, hands-on support and strategic advice to build and scale world-class finance functions and operations during critical growth phases. Our approach merges strategic capital with deep operational expertise, going beyond traditional funding models. Read More

Friends & Family Capital is a venture capital firm based in Silicon Valley started by the former CFO of Palantir Colin Anderson and second-generation venture capitalist John Fogelsong.

We believe generational companies require world-class finance functions and operations during critical growth phases.

We are the trusted partner for founders and CFOs, offering deep operational expertise, hands-on support, and strategic advice.

We purpose-built the firm to partner with founders on three key force multipliers of finance: team, operations, and capital.

  • Team: We help founders build their finance teams from the first finance hire to the eventual CFO, and everything in between: controller, FP&A, operations, payroll, tax, treasury, and more. We have built these teams as operators at Palantir and helped portfolio founders to do the same at their companies.
  • Operations: We help finance teams from building their first operating models to improving predictability prior to a growth round or IPO. This includes improvements to workflows, systems, data, and dashboards, the ingredients necessary to support growth at scale.
  • Capital: We help founders and CFOs plan and execute their fundraise. The process starts months before the capital raise with messaging, preparation, models, decks, and data rooms. Helping to select your lead and finalize deal terms follows. We have done this from Seed rounds all the way to Series K and public listing.

We invest in founders from their earliest days and all along their journeys into scaled generational companies. Our first checks can start around white boards and kitchen tables. We scale our check size, advice, and counsel throughout the journey.

We partner with founders who recognize that step-function changes in new technologies open new market opportunities. The impossible now becomes possible. These are unique and often overlooked investment areas. We focus on missions that advance the efficient frontier of our free society and the institutions that power it.

We help founders navigate the myriad tradeoffs they will encounter through the lens of fundamental business models that deliver n of 1 customer outcomes, durable revenue growth, and defensible free cash flow at scale based on continuous, outsized and lasting customer value.

Technology offers the chance to change the world in a single generation. We look forward to joining you on the journey.

Frameworks
for Success

Our frameworks equip founders and CFOs with vital insights. We share this knowledge to bolster operational scaling and fundraising readiness, positioning our network for success.

Revenue Unicorn Playbook

Examination of how top software companies scale to $1 Billion in annual revenue. Offers actionable lessons for growth.

Read More

Earnings Season Summary

Synthesis of key trends from recent public technology quarterly earnings announcements. Delivers concise, impactful analysis for informed decision-making.

Read More

Market Conditions Update

Analysis of venture capital trends for companies valued at $1-10 Billion. Provides insights for this phase of growth.

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What We Value

Expanding Efficient Frontiers

How does your success grow the market?

Technological Change

What makes the impossible now possible?

Unique Founder Insight

Why you and why this market? Tell us more.

Sustainable Moat

What allows you to maintain and monetize the lead?

“Colin has been helping entrepreneurs and companies unlock their potential for as long as I can remember. I feel fortunate to have been by his side while we were building Palantir - and throughout our entire lifecycle at Peregrine. Colin and John are the type of people you bring in when you need supreme talent, creativity, and dedication - and the type of people you want to celebrate your wins with. They are building something very special. The Friends & Family Capital team knows what entrepreneurs need. They are thoughtful, pragmatic, and visionary. They have hard-earned experience and a deep desire to help their companies win. We share openly with them because trust runs deep between our teams. I truly believe they’re just getting started.”

Nick Noone

Peregrine Co-Founder/CEO

“We are so grateful to have the support of Colin, John, and the entire F&FC team. As the long-time CFO of Palantir, Colin has seen what it takes to build a generational defense and national security company from the ground up. They are experienced capital allocators with second-to-none expertise in implementing novel financial structures. This makes F&FC a perfect partner for Valinor as we bring a new business model to the defense market and drive speed-to-value for our technologies. Having worked closely with Colin as a senior executive at Palantir, I’m thrilled we are on this new journey together and trust F&FC to advise Valinor as we grow exponentially.”

Julie Bush

Valinor Enterprises Co-Founder/CEO

“Colin and the entire Friends & Family Capital team are dream partners for a founder. They've focused from day one on what is best for our company and what we're building, including when that's not always in their own interest. They're operators first, and you feel that iterating on problems together, from finance, to hiring, to communications, to the long-range planning. We are a very unorthodox startup, and don't fit the conventional pattern-match of traditional VC. Friends & Family Capital has gotten why that makes us special from the beginning and worked to amplify it, not sand our edges. It's a joy to build with them, even on the hardest days.”

Bill Ward

Northslope Founder/CEO

“Over the last 10+ years building Gusto, I can think of countless examples diving into company-building topics with John and Colin, whether it was around our pricing structure, how to build our finance team, managing our cap table, leveraging horizons in our product strategy, and more. They ask great questions, and do the research to learn about your business. There are no shortcuts. They spend the time, and do the right thing when it comes to being a long term partner. I am grateful for all that they have done over the years, and I’m excited to build with them for many years to come.”

Joshua Reeves

Gusto Founder/CEO

“Over the last 10+ years building Gusto, I can think of countless examples diving into company-building topics with John and Colin, whether it was around our pricing structure, how to build our finance team, managing our cap table, leveraging horizons in our product strategy, and more. They ask great questions, and do the research to learn about your business. There are no shortcuts. They spend the time, and do the right thing when it comes to being a long term partner. I am grateful for all that they have done over the years, and I’m excited to build with them for many years to come.”

Joshua Reeves

Gusto Founder/CEO

“The entire Friends & Family Capital team has been an amazing partner to Cyera as we’ve grown quickly. Their combination of operator-level insight, straight-shooting advice, and genuine alignment has helped us make better decisions at every stage. They’re true partners.”

Joe Iantosca

Cyera CFO

“Colin and John invested in us early and continued to increase their support across multiple rounds, demonstrating long-term conviction and true partnership. They iterated with us on fundraising decks and models in the early days, introduced us to many investors (including one who led a major round), and have consistently been flexible, founder-friendly partners who have played a meaningful role in building our business. They are exceptional connectors and trusted advisors. When we need candid, practical guidance, we know to call them - and they always answer.”

Filip Kaliszan

Verkada Co-Founder/CEO

“Colin has been one of our most helpful investors. We are delighted to have him around the table, especially going deep with our finance team as we expand our finance motion at scale.”

Howie Liu

Airtable Founder/CEO

“Colin, John, and the larger Friends & Family Capital team have been some of the most value-added investors that I have ever seen. They punch way above their weight up there with the biggest name firms, and I think that's only possible because of their relationships and experience as operators who know how to get things done.”

John Gedmark

Astranis Co-Founder/CEO

“Investing is based on great relationships. Keep your word. Bring immediate and long-term value. Try tounderstand each other and make the other person’s life easier. The team at Friends & Family Capital are highly respected because this is their foundation and they built the firm from there. From the first few times meeting John and Colin, this was very apparent. They picked up on real things Radiant needed and converted them quickly. An event turned into CFO references, a site visit turned into a new revenue model, and casual messages turned into an ERP specialist. Then layer on the great connections and opportunities and they have quickly become one of Radiant’s most potent investors. We are grateful to have them on the mission to mass produce nuclear.”

Tori Shivanandan

Radiant COO

“Colin and the Friends & Family team are a top-five team in the Valley. Their background as world-class operators gives them both the credibility and insight to shape the most important narratives around financial strategy, traction, and the critical milestones for sustainable growth.
Their exclusive portfolio has built a brand recognized by the best investors in the world. They are a must-have on any top-tier cap table. Period. ”

Jake Loosararian

Gecko Robotics Co-Founder/CEO
The above testimonials or endorsements (“Testimonials”) are provided by executives of Friends & Family Capital portfolio companies, some of whom are or may become investors of Friends & Family Capital. No compensation, either directly or indirectly, was provided in exchange for such Testimonials. There is a potential conflict of interest in any portfolio company executive providing a Testimonial, as an investment in any Friends & Family Capital fund may indirectly benefit such portfolio company. None of the above should be construed as advice or solicitation to buy or sell any securities nor as advice with respect to tax, legal or accounting matters.

Our Impact

Investments:
100+

Invested in over 100 companies.

Jobs:
130K+

Total jobs created across all portfolio companies.

Impact:
$50B+

Aggregate capital raised by portfolio companies following our initial investment.

Value:
$2.5T+

Increase in market cap of portfolio companies following our initial investment.

Note: As of December 2025. Investments data reflects the total number of portfolio companies. Jobs reflects the total headcount of portfolio companies. Impact reflects the total capital raised by portfolio companies after the Firm’s initial investment through public listing. Value reflects the increase in private or public market capitalization of portfolio companies after the Firm’s initial investment.

In the News

August 25, 2025

Colin Anderson joins TBPN for a discussion on building Palantir’s finance org and his perspective on backing founders.

Watch the Interview
Watch the Interview
June 6, 2025

Incoming Statements: Beyond the Numbers

Listen to the Podcast
Listen to the Podcast
July 3, 2024

Friends & Family Capital Joins the Sand Hill Road Podcast for a Conversation on Funding and Impact

Listen to the Podcast
Listen to the Podcast

Insights

Earnings Season Summary

Earnings Season Summary Q4 2025

Key Theme From Q4 2025 Earnings: "Markets Trend to Extremes"

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Revenue Unicorn Playbook

Revenue Unicorn Club: SentinelOne

Congratulations to SentinelOne as it crosses $1 Billion in annual revenue and joins the software Revenue Unicorns! Let's see what we can learn from SentinelOne's journey...

Read More
Revenue Unicorn Playbook

Revenue Unicorn Club: Figma

Congratulations to Figma as it crosses $1 Billion in annual revenue and joins the software Revenue Unicorns! Let's see what we can learn from Figma's journey...

Read More

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