Hommels: European defense spending creates $50B annual market for tech startups
Klaus Hommels · Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings · Nov 27, 2024 · at 39:04
Klaus Hommels, founder of Lakestar and chairman of the NATO Innovation Fund, calculates the market potential for deep tech investors in European defense.
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“Deep tech investors that have the good ties into the MODs Have a fantastic chance now, because if we think about, ah, two, two percent investment in defense of GDP, and five percent of that in, in basically in tech, buys us fifty billion demand from NATO member states in Europe. So if you think it's a three times revenue multiple, we're talking a hundred fifty billion market cap.”
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