Brown: The top 98 VC-backed defense startups capture 1% of DoD budget
Jason Brown · Autonomy is no longer a moonshot—it’s a market · Apr 14, 2025 · at 28:23
Jason Brown, Head of Government Business at Applied Intuition, analyzes startup revenue allocation within the U.S. Department of Defense's annual budget.
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“If you look at the top 100 venture backed companies that are doing business with the Department of Defense, and you take SpaceX and Palantir, put it aside, so now the top 98 that's ten billion dollars a year of business going to those 98. That's only one aircraft carrier, right? That's not a lot. When you consider it's an 800 Plus billion dollar, you know, annually is what the Department of Defense is spending. So, you know, roughly just over one percent.”
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