Dive Summary:

• Founders Fund is investing $1 million in Hampton Creek Foods in a move that marks the firm's first food tech investment.
• Hampton Creek aims to create tastier, healthier and cheaper alternatives to animal-based food products, and its first product, Beyond Eggs, is a plant-based egg alternative for use in baked goods, condiments and other products.
• Hampton Creek has also raised $2 million from Khosla Ventures, and Founders Fund founder Peter Thiel previously funded food start-up Modern Meadow through the Thiel Foundation's Breakout Labs.

From the article:

Founders Fund, the firm founded by Peter Thiel and other PayPal executives, famously declared that it wants to back companies with big, ambitious visions (not just dinky web startups). ...