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founder (v.)

early 14c. "to send to the bottom" (transitive); late 14c., "to sink or fall" (intransitive), from Old French fondrer "collapse; submerge, sink, fall to the bottom" (Modern French fondrier), from fond "bottom" (12c.), from Latin fundus "bottom, foundation" (see fund (n.)). Not especially of ships in Middle English, where it typically meant "fall to the ground." Figurative use from 1580s. Related: Foundered; foundering.

founder (n.1)

"one who establishes, one who sets up or institutes (something)," mid-14c., from Anglo-French fundur, Old French fondeor "founder, originator" (Modern French fondateur), from Latin fundator, agent noun from fundare "to lay a foundation" (see found (v.1)). Fem. form foundress is from early 15c.; also fundatrix (1540s).

founder (n.2)

"one who casts metal," c. 1400, agent noun from found (v.2).

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Definitions of founder
1
founder (v.)
fail utterly; collapse;
The project foundered
Synonyms: fall through / fall flat / flop
founder (v.)
sink below the surface;
founder (v.)
break down, literally or metaphorically;
Synonyms: collapse / fall in / cave in / give / give way / break
founder (v.)
stumble and nearly fall;
the horses foundered
2
founder (n.)
inflammation of the laminated tissue that attaches the hoof to the foot of a horse;
Synonyms: laminitis
founder (n.)
a person who founds or establishes some institution;
Synonyms: beginner / founding father / father
founder (n.)
a worker who makes metal castings;
From wordnet.princeton.edu