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Hard Tech, Soft Pause
LFG Ventures presents a weekly newsletter delivering private market (pre-IPO) insights and signals across tech and frontier industries.

Merry Christmas, everyone.
Shorter Markup this week so we can spend time with family/friends and be present. We have a lot to be thankful for.
Here are a few pieces to think about over the holidays.
Let’s go.
🧠 Content
📱 Anduril Factory Tour
One of our favorite podcasts, Sourcery, takes us inside Anduril for an exclusive tour of its 200,000-square-foot R&D headquarters with co-founder Matt Grimm. From the fully autonomous Ghost Shark submarine to the Menace AI compute node, this look inside Building A shows how Anduril is outpacing traditional defense contractors with rapid prototyping and a test-to-failure mindset. It’s a clear example of how software-first engineering is being forged into real hardware and reshaping the future of American defense.
🚀 Rare Air
From launch cadence to orbital infrastructure, SpaceX has been building toward scale for years. A $1.5T IPO would simply price in what the private markets already know.
⛑️ How Chamath Optimized His Health
Health is a priority, always. The holidays are a good moment to reflect and plan forward. A few useful thoughts from Chamath Palihapitiya below.
💬 Prompt
What can I help you with?
Imagine it is December 31 next year and you feel calm, healthy, and in control. What did you stop doing, what did you double down on, and what boundaries did you enforce to get there?

🤝 Get in the Room
Private investing for (almost) everyone*
We are a curated network of exceptional angels, VCs, family offices, founders, and industry experts investing in pre-IPO companies. We back sharp operators and high-leverage deals. We move fast. We bring value. We don’t miss around the edges. Deals don’t wait. Neither do we.
*Vibes and values must be aligned. Must be an "accredited investor."
Family first. Back soon.


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The content presented in The Markup is for informational purposes only and does not constitute an offer or solicitation by LFG Ventures to buy or sell any securities. Nothing in this publication should be interpreted as investment advice, a recommendation, or an offer to provide brokerage services. Any offers or solicitations will be made only through official offering documents and subject to their specific terms, risks, and conditions.