Grimm: Venture funding allows defense startups to build hardware before selling
Matt Grimm · Matt Grimm, Co-Founder @Anduril: How a Trump Administration Changes the Defence Industry | E1224 · 20VC with Harry Stebbings · Nov 11, 2024 · at 18:23
Matt Grimm, Co-Founder and COO of Anduril, explains how venture funding gives defense tech companies the capital freedom to self-fund R&D and build working hardware prior to government sales.
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“The other angle we can take is we can just do it. And I think that this is part of our strength where we've raised Pretty good amount of venture capital money. We have incredible broad freedom on what we can do with that money. So like if we have an idea of a new capability, a new type of missile, a new type of drone, a new type of submarine, like we can just go do that and then show them and then show them and then say beyond just like, oh, Hey, here's a PowerPoint slide, which is what they've been pitched for the last 40 years of how this new potential thing, if you fund me, if you give me that money, On a cost plus basis, surely I can hire enough engineers and I can design this for you. Here's my PowerPoint slide of what it would look like. We can shortcut all of that and just say like, Hey, so we've built a couple and I can, you know, come out to my test range.”
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