Eric Crispin, Partner at Altimeter Capital, discusses Altimeter's portfolio concentration and hardtech/defense tech investments with host Molly O'Shea.
“Biggest bet right now in terms of position size is Andrel.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Eric Crispin
AssertionNot checkable as stated
K2 Space delivers comparable power to Viasat-3 at a 10x lower price
“Viasat-III, one of the most high-powered, sort of, like, satellites ever launched into orbit. I think it was, like, 26 kilowatts of power. Cost 500 plus million dollars to make. You can launch one of them at a time. K-II's satellites are 20 kilowatts apiece. Y…”
Eric CrispinMay 16, 2025▶ 26:01How Altimeter's $10B AUM Fund Is Investing In Aerospace, Defense, & Hardtech · Sourcery with Molly O'Shea
Insight
Diversification is the enemy of outlier returns for venture capitalists
“We are highly concentrated investors. We think diversification is the enemy of outlier returns.”
Eric CrispinMay 16, 2025▶ 15:34How Altimeter's $10B AUM Fund Is Investing In Aerospace, Defense, & Hardtech · Sourcery with Molly O'Shea
Opinion
The US government gets far more value per dollar from Anduril
“Ultimately, like, the government is just getting a lot more value per dollar of spend by buying from Andrel”
Eric CrispinMay 16, 2025▶ 21:24How Altimeter's $10B AUM Fund Is Investing In Aerospace, Defense, & Hardtech · Sourcery with Molly O'Shea
What-if
Technologies acquired by Anduril would not have reached the military otherwise
“They've identified the technology and that technology probably never would have found its way into the hands of, you know, the government or the warfighter without Andrel”
Eric CrispinMay 16, 2025▶ 21:50How Altimeter's $10B AUM Fund Is Investing In Aerospace, Defense, & Hardtech · Sourcery with Molly O'Shea
PredictionNot checkable as stated
Only a couple of massive drone companies will emerge despite growing demand
“I don't think there are going to be a hundred massive drone companies. I think there will be a couple. I do think that drones are going to play a major role in, you know you know, future conflicts and defense.”
Eric CrispinMay 16, 2025▶ 47:02How Altimeter's $10B AUM Fund Is Investing In Aerospace, Defense, & Hardtech · Sourcery with Molly O'Shea
Insight
Hardtech startups gain an advantage by monopolizing talent against fewer competitors
“You kind of can attract, like, exceptional talent into your company at an early stage because there's kind of, like, nobody else doing this thing, and so if someone is passionate or wants to come work on something that's meaningful, that's difficult, that's ch…”
Eric CrispinMay 16, 2025▶ 11:18How Altimeter's $10B AUM Fund Is Investing In Aerospace, Defense, & Hardtech · Sourcery with Molly O'Shea
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 160 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.