Brian Singerman, one of the earliest employees of Peter Thiel's Founders Fund, said on Tuesday that he's stepping down as a general partner. Singerman is best known for supporting the firm's investments in Elon Musk's SpaceX and defense-tech companies like Anduril. In exiting the partner ranks, Singerman leaves Founders Fund with three general partners: Thiel, Napoleon Ta and Trae Stephens. Thiel helped launch Founders Fund in 2005 and has since turned it into one of the leading venture firms in the country, thanks to early bets on Facebook , SpaceX and Palantir , which he co-founded. "From its inception and still today, FF is the place where talented, unconventional thinkers are encouraged to follow their convictions and make world-changing bets," Singerman wrote in his post.

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Persons: Brian Singerman, Noelle Moseley, Peter Thiel's, Singerman, Thiel, Napoleon Ta, Trae Stephens, Keith Rabois, It's Organizations: Tenth, Academy Museum of Motion Pictures, Fund, Elon, SpaceX, Facebook, Khosla Ventures, Thiel, FF, Bloomberg Locations: Los Angeles , California