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Jun 6, 2022 · 1h 22m · acquired

American Dynamism (with Katherine Boyle) · Acquired

Katherine Boyle · 46m spoken David Rosenthal · 19m spoken Ben Gilbert · 9m spoken
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In this episode of Acquired, venture capitalist Katherine Boyle discusses Andreessen Horowitz's American Dynamism thesis, explaining why backing companies in national defense, advanced manufacturing, and critical infrastructure represents the next major frontier for venture capital and American resilience.

How this conversation actually went

Every chapter scored 0–10 on four independent dynamics. Hover any point for the reasoning behind the score. Ben and David hold 38.4% of the talking time here. How this is scored →

Ben and David as informed peer 4.8 Guest teaching 4.3 Guest disagreement 1.4 Ben and David pushing back 2.0
05100:0020:0040:001:00:001:20:006:52–13:30 · Ben and David as informed peer 6/10 Community Announcements and Disclaimer Before the Main Interview Ben presses Katherine on why investing in physical infrastructure and defense is not an obvious consensus thesis and asks what the counterarguments are. Katherine details the heavy upfront capital and regulatory hurdles of the physical world compared to pure software.13:31–22:03 · Ben and David as informed peer 7/10 The Origins of American Dynamism and Government's Tech Disconnect David and Ben display solid historical domain knowledge regarding Silicon Valley's defense origins and cloud procurement history. Katherine educates the hosts on the stark contrast between private tech stacks and outdated government IT workflows.22:04–28:30 · Ben and David as informed peer 6/10 Cultural Evolution, Unconventional Founders, and Market Corrections Ben offers an insightful framing comparing modern tech bureaucracy to late-90s NASA rather than frontier-era 1960s NASA. Katherine counters that market downturns naturally correct excess infrastructure and flush out tourists.28:31–37:34 · Ben and David as informed peer 5/10 Katherine Boyle's Transition from The Washington Post to Silicon Valley David draws parallels with his own journalism background at the Wall Street Journal, while Katherine explains the zero-sum nature of DC journalism versus Silicon Valley's open responsiveness.37:35–48:29 · Ben and David as informed peer 7/10 Media Transformation, Power Dynamics, and Cultures of Abundance Ben directly challenges Katherine's claim that Washington has a culture of scarcity by pointing out continuously expanding federal budgets. Katherine quickly reframes that the currency of DC is scarce power and hierarchical attention, not money.48:30–51:52 · Ben and David as informed peer 0/10 Sponsor Spotlight: Reinventing Workplace Engagement with Mystery Mid-roll sponsor segment for Mystery delivered entirely by the hosts.51:53–58:41 · Ben and David as informed peer 5/10 Geographic Decentralization and Portfolio Spotlight on Flock Safety David reflects on the old VC pattern of demanding founders relocate to Silicon Valley. Katherine explains how companies like Flock Safety thrive outside traditional hubs by building for local civic needs.58:41–1:03:42 · Ben and David as informed peer 5/10 Automated Machine Shops and Worker Upskilling at Hadrian Katherine walks through Hadrian's model of automating machine shops and upskilling blue-collar workers. The hosts engage with supportive banter regarding traditional higher education paths.1:03:43–1:08:16 · Ben and David as informed peer 5/10 Small Tech Empowerment and Building Distributed Internet Businesses Katherine distinguishes 'Small Tech' creators and early-stage companies from monolithic 'Big Tech' targeted by Washington regulators. David shares how Acquired itself operates as an internet small business.1:08:25–1:11:11 · Ben and David as informed peer 0/10 Sponsor Spotlight: Modernizing Payment Operations with Modern Treasury Mid-roll sponsor segment for Modern Treasury presented by the hosts.1:11:13–1:16:42 · Ben and David as informed peer 6/10 The Moral Philosophy Behind Defense Tech and American Exceptionalism Ben poses a philosophical question about the moral assumption of funding the American defense apparatus. Katherine explains early contrarian conviction in Anduril and the role of immigrant founders in the American experiment.1:16:43–1:19:54 · Ben and David as informed peer 5/10 Expanding American Dynamism and How Founders Can Connect Katherine predicts that American Dynamism will become a standard venture category alongside consumer and enterprise SaaS. Ben synthesizes how expanding beyond high-margin SaaS creates massive physical economy opportunities.6:52–13:30 · Guest teaching 5/10 Community Announcements and Disclaimer Before the Main Interview Ben presses Katherine on why investing in physical infrastructure and defense is not an obvious consensus thesis and asks what the counterarguments are. Katherine details the heavy upfront capital and regulatory hurdles of the physical world compared to pure software.13:31–22:03 · Guest teaching 6/10 The Origins of American Dynamism and Government's Tech Disconnect David and Ben display solid historical domain knowledge regarding Silicon Valley's defense origins and cloud procurement history. Katherine educates the hosts on the stark contrast between private tech stacks and outdated government IT workflows.22:04–28:30 · Guest teaching 4/10 Cultural Evolution, Unconventional Founders, and Market Corrections Ben offers an insightful framing comparing modern tech bureaucracy to late-90s NASA rather than frontier-era 1960s NASA. Katherine counters that market downturns naturally correct excess infrastructure and flush out tourists.28:31–37:34 · Guest teaching 6/10 Katherine Boyle's Transition from The Washington Post to Silicon Valley David draws parallels with his own journalism background at the Wall Street Journal, while Katherine explains the zero-sum nature of DC journalism versus Silicon Valley's open responsiveness.37:35–48:29 · Guest teaching 6/10 Media Transformation, Power Dynamics, and Cultures of Abundance Ben directly challenges Katherine's claim that Washington has a culture of scarcity by pointing out continuously expanding federal budgets. Katherine quickly reframes that the currency of DC is scarce power and hierarchical attention, not money.48:30–51:52 · Guest teaching 0/10 Sponsor Spotlight: Reinventing Workplace Engagement with Mystery Mid-roll sponsor segment for Mystery delivered entirely by the hosts.51:53–58:41 · Guest teaching 5/10 Geographic Decentralization and Portfolio Spotlight on Flock Safety David reflects on the old VC pattern of demanding founders relocate to Silicon Valley. Katherine explains how companies like Flock Safety thrive outside traditional hubs by building for local civic needs.58:41–1:03:42 · Guest teaching 6/10 Automated Machine Shops and Worker Upskilling at Hadrian Katherine walks through Hadrian's model of automating machine shops and upskilling blue-collar workers. The hosts engage with supportive banter regarding traditional higher education paths.1:03:43–1:08:16 · Guest teaching 5/10 Small Tech Empowerment and Building Distributed Internet Businesses Katherine distinguishes 'Small Tech' creators and early-stage companies from monolithic 'Big Tech' targeted by Washington regulators. David shares how Acquired itself operates as an internet small business.1:08:25–1:11:11 · Guest teaching 0/10 Sponsor Spotlight: Modernizing Payment Operations with Modern Treasury Mid-roll sponsor segment for Modern Treasury presented by the hosts.1:11:13–1:16:42 · Guest teaching 5/10 The Moral Philosophy Behind Defense Tech and American Exceptionalism Ben poses a philosophical question about the moral assumption of funding the American defense apparatus. Katherine explains early contrarian conviction in Anduril and the role of immigrant founders in the American experiment.1:16:43–1:19:54 · Guest teaching 4/10 Expanding American Dynamism and How Founders Can Connect Katherine predicts that American Dynamism will become a standard venture category alongside consumer and enterprise SaaS. Ben synthesizes how expanding beyond high-margin SaaS creates massive physical economy opportunities.6:52–13:30 · Guest disagreement 1/10 Community Announcements and Disclaimer Before the Main Interview Ben presses Katherine on why investing in physical infrastructure and defense is not an obvious consensus thesis and asks what the counterarguments are. Katherine details the heavy upfront capital and regulatory hurdles of the physical world compared to pure software.13:31–22:03 · Guest disagreement 2/10 The Origins of American Dynamism and Government's Tech Disconnect David and Ben display solid historical domain knowledge regarding Silicon Valley's defense origins and cloud procurement history. Katherine educates the hosts on the stark contrast between private tech stacks and outdated government IT workflows.22:04–28:30 · Guest disagreement 2/10 Cultural Evolution, Unconventional Founders, and Market Corrections Ben offers an insightful framing comparing modern tech bureaucracy to late-90s NASA rather than frontier-era 1960s NASA. Katherine counters that market downturns naturally correct excess infrastructure and flush out tourists.28:31–37:34 · Guest disagreement 1/10 Katherine Boyle's Transition from The Washington Post to Silicon Valley David draws parallels with his own journalism background at the Wall Street Journal, while Katherine explains the zero-sum nature of DC journalism versus Silicon Valley's open responsiveness.37:35–48:29 · Guest disagreement 4/10 Media Transformation, Power Dynamics, and Cultures of Abundance Ben directly challenges Katherine's claim that Washington has a culture of scarcity by pointing out continuously expanding federal budgets. Katherine quickly reframes that the currency of DC is scarce power and hierarchical attention, not money.48:30–51:52 · Guest disagreement 0/10 Sponsor Spotlight: Reinventing Workplace Engagement with Mystery Mid-roll sponsor segment for Mystery delivered entirely by the hosts.51:53–58:41 · Guest disagreement 1/10 Geographic Decentralization and Portfolio Spotlight on Flock Safety David reflects on the old VC pattern of demanding founders relocate to Silicon Valley. Katherine explains how companies like Flock Safety thrive outside traditional hubs by building for local civic needs.58:41–1:03:42 · Guest disagreement 1/10 Automated Machine Shops and Worker Upskilling at Hadrian Katherine walks through Hadrian's model of automating machine shops and upskilling blue-collar workers. The hosts engage with supportive banter regarding traditional higher education paths.1:03:43–1:08:16 · Guest disagreement 2/10 Small Tech Empowerment and Building Distributed Internet Businesses Katherine distinguishes 'Small Tech' creators and early-stage companies from monolithic 'Big Tech' targeted by Washington regulators. David shares how Acquired itself operates as an internet small business.1:08:25–1:11:11 · Guest disagreement 0/10 Sponsor Spotlight: Modernizing Payment Operations with Modern Treasury Mid-roll sponsor segment for Modern Treasury presented by the hosts.1:11:13–1:16:42 · Guest disagreement 2/10 The Moral Philosophy Behind Defense Tech and American Exceptionalism Ben poses a philosophical question about the moral assumption of funding the American defense apparatus. Katherine explains early contrarian conviction in Anduril and the role of immigrant founders in the American experiment.1:16:43–1:19:54 · Guest disagreement 1/10 Expanding American Dynamism and How Founders Can Connect Katherine predicts that American Dynamism will become a standard venture category alongside consumer and enterprise SaaS. Ben synthesizes how expanding beyond high-margin SaaS creates massive physical economy opportunities.6:52–13:30 · Ben and David pushing back 4/10 Community Announcements and Disclaimer Before the Main Interview Ben presses Katherine on why investing in physical infrastructure and defense is not an obvious consensus thesis and asks what the counterarguments are. Katherine details the heavy upfront capital and regulatory hurdles of the physical world compared to pure software.13:31–22:03 · Ben and David pushing back 2/10 The Origins of American Dynamism and Government's Tech Disconnect David and Ben display solid historical domain knowledge regarding Silicon Valley's defense origins and cloud procurement history. Katherine educates the hosts on the stark contrast between private tech stacks and outdated government IT workflows.22:04–28:30 · Ben and David pushing back 4/10 Cultural Evolution, Unconventional Founders, and Market Corrections Ben offers an insightful framing comparing modern tech bureaucracy to late-90s NASA rather than frontier-era 1960s NASA. Katherine counters that market downturns naturally correct excess infrastructure and flush out tourists.28:31–37:34 · Ben and David pushing back 1/10 Katherine Boyle's Transition from The Washington Post to Silicon Valley David draws parallels with his own journalism background at the Wall Street Journal, while Katherine explains the zero-sum nature of DC journalism versus Silicon Valley's open responsiveness.37:35–48:29 · Ben and David pushing back 6/10 Media Transformation, Power Dynamics, and Cultures of Abundance Ben directly challenges Katherine's claim that Washington has a culture of scarcity by pointing out continuously expanding federal budgets. Katherine quickly reframes that the currency of DC is scarce power and hierarchical attention, not money.48:30–51:52 · Ben and David pushing back 0/10 Sponsor Spotlight: Reinventing Workplace Engagement with Mystery Mid-roll sponsor segment for Mystery delivered entirely by the hosts.51:53–58:41 · Ben and David pushing back 1/10 Geographic Decentralization and Portfolio Spotlight on Flock Safety David reflects on the old VC pattern of demanding founders relocate to Silicon Valley. Katherine explains how companies like Flock Safety thrive outside traditional hubs by building for local civic needs.58:41–1:03:42 · Ben and David pushing back 1/10 Automated Machine Shops and Worker Upskilling at Hadrian Katherine walks through Hadrian's model of automating machine shops and upskilling blue-collar workers. The hosts engage with supportive banter regarding traditional higher education paths.1:03:43–1:08:16 · Ben and David pushing back 1/10 Small Tech Empowerment and Building Distributed Internet Businesses Katherine distinguishes 'Small Tech' creators and early-stage companies from monolithic 'Big Tech' targeted by Washington regulators. David shares how Acquired itself operates as an internet small business.1:08:25–1:11:11 · Ben and David pushing back 0/10 Sponsor Spotlight: Modernizing Payment Operations with Modern Treasury Mid-roll sponsor segment for Modern Treasury presented by the hosts.1:11:13–1:16:42 · Ben and David pushing back 3/10 The Moral Philosophy Behind Defense Tech and American Exceptionalism Ben poses a philosophical question about the moral assumption of funding the American defense apparatus. Katherine explains early contrarian conviction in Anduril and the role of immigrant founders in the American experiment.1:16:43–1:19:54 · Ben and David pushing back 1/10 Expanding American Dynamism and How Founders Can Connect Katherine predicts that American Dynamism will become a standard venture category alongside consumer and enterprise SaaS. Ben synthesizes how expanding beyond high-margin SaaS creates massive physical economy opportunities.

speaking balance: gold is Ben and David, purple is the guest (3 minute bins)

0:00 · Ben and David 95.7% · guest 4.3%0:00 · Ben and David 95.7% · guest 4.3%3:00 · Ben and David 100% · guest 0%3:00 · Ben and David 100% · guest 0%6:00 · Ben and David 67.4% · guest 32.6%6:00 · Ben and David 67.4% · guest 32.6%9:00 · Ben and David 23.8% · guest 76.2%9:00 · Ben and David 23.8% · guest 76.2%12:00 · Ben and David 31.1% · guest 68.9%12:00 · Ben and David 31.1% · guest 68.9%15:00 · Ben and David 18.7% · guest 81.3%15:00 · Ben and David 18.7% · guest 81.3%18:00 · Ben and David 34.3% · guest 65.7%18:00 · Ben and David 34.3% · guest 65.7%21:00 · Ben and David 22.2% · guest 77.8%21:00 · Ben and David 22.2% · guest 77.8%24:00 · Ben and David 27.3% · guest 72.7%24:00 · Ben and David 27.3% · guest 72.7%27:00 · Ben and David 49% · guest 51%27:00 · Ben and David 49% · guest 51%30:00 · Ben and David 13.5% · guest 86.5%30:00 · Ben and David 13.5% · guest 86.5%33:00 · Ben and David 14.8% · guest 85.2%33:00 · Ben and David 14.8% · guest 85.2%36:00 · Ben and David 16.1% · guest 83.9%36:00 · Ben and David 16.1% · guest 83.9%39:00 · Ben and David 28.2% · guest 71.8%39:00 · Ben and David 28.2% · guest 71.8%42:00 · Ben and David 26.6% · guest 73.4%42:00 · Ben and David 26.6% · guest 73.4%45:00 · Ben and David 21.5% · guest 78.5%45:00 · Ben and David 21.5% · guest 78.5%48:00 · Ben and David 83.3% · guest 16.7%48:00 · Ben and David 83.3% · guest 16.7%51:00 · Ben and David 41.8% · guest 58.2%51:00 · Ben and David 41.8% · guest 58.2%54:00 · Ben and David 22.2% · guest 77.8%54:00 · Ben and David 22.2% · guest 77.8%57:00 · Ben and David 18.6% · guest 81.4%57:00 · Ben and David 18.6% · guest 81.4%1:00:00 · Ben and David 4.5% · guest 95.5%1:00:00 · Ben and David 4.5% · guest 95.5%1:03:00 · Ben and David 31.8% · guest 68.2%1:03:00 · Ben and David 31.8% · guest 68.2%1:06:00 · Ben and David 40.7% · guest 59.3%1:06:00 · Ben and David 40.7% · guest 59.3%1:09:00 · Ben and David 99.7% · guest 0.3%1:09:00 · Ben and David 99.7% · guest 0.3%1:12:00 · Ben and David 5.7% · guest 94.3%1:12:00 · Ben and David 5.7% · guest 94.3%1:15:00 · Ben and David 18.1% · guest 81.9%1:15:00 · Ben and David 18.1% · guest 81.9%1:18:00 · Ben and David 70.4% · guest 29.6%1:18:00 · Ben and David 70.4% · guest 29.6%1:21:00 · Ben and David 100% · guest 0%1:21:00 · Ben and David 100% · guest 0%
Sharpest disagreement ▶ 42:26 Power as Washington's True Currency

Katherine firmly counters Ben's objection about rising government budgets by asserting that Washington's real currency is zero-sum power and hierarchical dominance rather than financial capital.

 Hardest push from Ben and David ▶ 42:15 Pushback on Government Scarcity Framing

Ben directly challenges Katherine's characterization of Washington as a culture of scarcity, citing consistent decade-over-decade growth in federal budget size and employee headcounts.

 Biggest teaching moment ▶ 18:30 The Bureaucratic Technology Time Warp

Katherine illustrates the deep operational disconnect inside government agencies where employees use cutting-edge consumer apps at home but endure 1980s-era IT systems at work.

 Ben and David hold their own ▶ 14:54 Recalling Don Valentine's Defense Roots

David demonstrates deep institutional tech history by reminding the conversation that Silicon Valley was originally built on venture pioneers like Don Valentine selling to the Department of Defense.
the scores for every segment, with the reasoning behind each
ChapterTopicBen and David as informed peerGuest teachingGuest disagreementBen and David pushing backWhy
Community Announcements and Disclaimer Before the Main Interview 6514 Ben presses Katherine on why investing in physical infrastructure and defense is not an obvious consensus thesis and asks what the counterarguments are. Katherine details the heavy upfront capital and regulatory hurdles of the physical world compared to pure software.
The Origins of American Dynamism and Government's Tech Disconnect 7622 David and Ben display solid historical domain knowledge regarding Silicon Valley's defense origins and cloud procurement history. Katherine educates the hosts on the stark contrast between private tech stacks and outdated government IT workflows.
Cultural Evolution, Unconventional Founders, and Market Corrections 6424 Ben offers an insightful framing comparing modern tech bureaucracy to late-90s NASA rather than frontier-era 1960s NASA. Katherine counters that market downturns naturally correct excess infrastructure and flush out tourists.
Katherine Boyle's Transition from The Washington Post to Silicon Valley 5611 David draws parallels with his own journalism background at the Wall Street Journal, while Katherine explains the zero-sum nature of DC journalism versus Silicon Valley's open responsiveness.
Media Transformation, Power Dynamics, and Cultures of Abundance 7646 Ben directly challenges Katherine's claim that Washington has a culture of scarcity by pointing out continuously expanding federal budgets. Katherine quickly reframes that the currency of DC is scarce power and hierarchical attention, not money.
Sponsor Spotlight: Reinventing Workplace Engagement with Mystery 0000 Mid-roll sponsor segment for Mystery delivered entirely by the hosts.
Geographic Decentralization and Portfolio Spotlight on Flock Safety 5511 David reflects on the old VC pattern of demanding founders relocate to Silicon Valley. Katherine explains how companies like Flock Safety thrive outside traditional hubs by building for local civic needs.
Automated Machine Shops and Worker Upskilling at Hadrian 5611 Katherine walks through Hadrian's model of automating machine shops and upskilling blue-collar workers. The hosts engage with supportive banter regarding traditional higher education paths.
Small Tech Empowerment and Building Distributed Internet Businesses 5521 Katherine distinguishes 'Small Tech' creators and early-stage companies from monolithic 'Big Tech' targeted by Washington regulators. David shares how Acquired itself operates as an internet small business.
Sponsor Spotlight: Modernizing Payment Operations with Modern Treasury 0000 Mid-roll sponsor segment for Modern Treasury presented by the hosts.
The Moral Philosophy Behind Defense Tech and American Exceptionalism 6523 Ben poses a philosophical question about the moral assumption of funding the American defense apparatus. Katherine explains early contrarian conviction in Anduril and the role of immigrant founders in the American experiment.
Expanding American Dynamism and How Founders Can Connect 5411 Katherine predicts that American Dynamism will become a standard venture category alongside consumer and enterprise SaaS. Ben synthesizes how expanding beyond high-margin SaaS creates massive physical economy opportunities.

Statements from this episode (16)

Assertion Supported
Boyle: VC has funded healthcare far more than education and housing
“Education and housing are, you know, two areas that I think venture capital hasn't touched as much as say healthcare. Like if you look at like the last 10 years, digital health has just grown tremendously and we have, you know, we have a separate bio and healt…”
Katherine Boyle Jun 6, 2022 ▶ 9:40
Insight
Boyle: Physical-world startups have a deeper J-curve and struggle at Series A
“And I think these companies are just harder to build. As we like to say, like these companies go deeper down the J curve. They often don't look that good at series A.”
Katherine Boyle Jun 6, 2022 ▶ 11:54
Insight
Boyle: Aerospace and defense startups consolidate finite talent into early holding companies
“These companies usually become holding companies pretty quickly and attract all of the talent. There's finite talent around things like aerospace. There's finite talent around things like defense. So you don't see as many competitors. And as I said, they are h…”
Katherine Boyle Jun 6, 2022 ▶ 12:56
Assertion Not checkable as stated
Boyle: VC consensus for decades was to avoid dealing with government
“And so there has been sort of, I think this sort of 20, 30 year sort of do not engage Kind of modern wisdom from venture capital firms has been, it's just too hard. There's so much other stuff to do. There's so much other stuff to build. Let's make sure that w…”
Katherine Boyle Jun 6, 2022 ▶ 15:21
Assertion Not checkable as stated
Boyle: The best software builders do not go into government
“Software is a revolution that is completely touching every aspect of society, but the people who are building the best forms of software are not going into government.”
Katherine Boyle Jun 6, 2022 ▶ 18:42
Opinion
Boyle: Healthcare, housing, and education costs rose because tech hasn't touched them
“Everything has come down the cost curve, like televisions are less expensive, everything is less expensive in consumer land, except for healthcare, except for housing, and except for education. And it's really because technology has not touched those sectors, …”
Katherine Boyle Jun 6, 2022 ▶ 21:21
Assertion Not checkable as stated
Boyle: Non-traditional profiles like teachers and DoD officers are founding startups
“I've talked to founders recently who are former teachers. I've talked to founders recently who, you know, have worked in the department of defense as procurement officers. And it's like, they're not the normal people we would say are the founders of, 10 years …”
Katherine Boyle Jun 6, 2022 ▶ 24:05
Insight
Boyle: Silicon Valley is positive-sum, while Washington D.C. is zero-sum
“Silicon Valley is the most peculiar place in the world, because it's the only place where incentives are aligned with that sort of positive sum mentality. Whereas in places like DC, no one ever turns down talking to the press because it's information trading. …”
Katherine Boyle Jun 6, 2022 ▶ 32:19
Insight
Boyle: Venture capitalists and journalists both hunt fringe internet shifts
“The sort of similarity of what I saw in my colleagues and what I did is it's like trying to get at the forefront of cultural shifts, even if you don't know what they mean, just trying to see, okay, are these like these weird movements that are happening in soc…”
Katherine Boyle Jun 6, 2022 ▶ 36:53
Insight
Boyle: Individual journalists are more powerful than legacy media institutions
“The kind of biggest trend in media, and I can talk about another one of our investments, Substack, which I think has sort of benefited from this trend, is that people are now brands. They are identities. And the individual journalist is ultimately more powerfu…”
Katherine Boyle Jun 6, 2022 ▶ 39:29
Opinion
Boyle: VC creates jobs while private equity fires people
“Private equity and venture capital as a category could not be more different from what they are doing. Venture capital is creating new things from nothing, and it is creating more jobs, it is Pouring money into companies so that they can grow, expand, and solv…”
Katherine Boyle Jun 6, 2022 ▶ 44:32
Prediction Not checkable as stated
Boyle: Founders will build American Dynamism companies to solve local civic problems
“And so I'm incredibly bullish that American dynamism Will not only be companies that are built around the country, but it will also be just different types of problems because founders who wouldn't have gone to San Francisco are now building for their hometown…”
Katherine Boyle Jun 6, 2022 ▶ 53:35
Assertion Supported
Boyle: Hadrian founder returned PE capital before building automated factories
“So he raised a small private equity fund and talked to a bunch of different shops... Cause even if you are to try to bring software into these existing shops, it's almost impossible from a technical perspective. Like there's not much that can be done unless yo…”
Katherine Boyle Jun 6, 2022 ▶ 59:58
Assertion Supported
Boyle: Roughly 50% of US unicorn founders are foreign-born
“Something like 50% of unicorn founders in this country are foreign born.”
Katherine Boyle Jun 6, 2022 ▶ 1:14:14
Prediction Not checkable as stated
Boyle: Every venture capital firm will have an American Dynamism practice
“I think if we do our jobs right and we invest in the companies that we're intending to invest in and we tell the story, right? I think every venture capital firm will have an American dynamism practice.”
Katherine Boyle Jun 6, 2022 ▶ 1:16:54
Opinion
Boyle: American Dynamism is not ESG or concessionary impact investing
“And it's not impact investing. It's not ESG. It's not just like, oh, well, we're going to see incremental returns. Like it is going to be the source of American innovation and it is a great place for the top venture firms to be investing.”
Katherine Boyle Jun 6, 2022 ▶ 1:17:18
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