Randy Glein worked as a systems engineer at Hughes Space & Communications and Martin Marietta, helped build DIRECTV, and served as CFO of FeedBurner through its Google acquisition before moving into venture capital, and he later led DFJ Growth's first investment in SpaceX in 2009 and served as a non-voting board observer there, on top of backing Tesla that same year when it was struggling for survival. His investing since then has stayed close to that same frontier, with bets on Neuralink, Anduril, and xAI, and he's been clear that he looks for companies with product-market fit, paying customers, and growth above 100% a year, writing checks of roughly $10 million to $25 million in that window between early VC and later-stage crossover investing.
About their Fund
DFJ Growth
DFJ Growth was founded in 2005 on the idea that strong tech companies would stay private longer and need a new kind of investor between venture capital and public markets, and it has grown independently from DFJ's earlier-stage arm, typically investing $10M–$25M in companies already growing over 100% a year with real product-market fit. The firm pairs capital with hands-on operating help from people who have scaled companies themselves, and it looks for founders solving big problems in areas like hardware, robotics, government and commercial dual-use, life tech, and consumer—not just enterprise software—often backing categories like electric vehicles, space, and crypto before they were widely popular, with early examples including Tesla, SpaceX, Coinbase, Unity, and Twitter.
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