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Oculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
My First Million
How to Build the Next Major Defense Prime?
General is trying to build the next major defense prime, meaning we were the prime contract holder. We're not a subcontractor to existing primes like Lockheed Martin or Raytheon or North Grumman or Boeing. 80% of the US defense budget goes to just a handful of companies and they get paid on what's called a cost plus basis. They actually make more money when they come up with more expensive systems,. More money when they sell more of something because they get to sell more parts for it.
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