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22min chapter
20VC: Palantir CTO on The Broken Incentive Structure of How Governments Buy Defence, The Danger of Defence Spending at Historic Lows, How Elections and Wars Change Government Defence Buying & Why Budgets are Anti-Creative with Shyam Sankar
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Broken Incentive Structure of Government Defense Buying
This chapter explores the broken incentive structure of how governments buy defense and the consequences of defense spending at historic lows. It discusses the outdated procurement process, lack of profit incentive, and the emphasis on making money rather than fulfilling a mission. The chapter also highlights the dysfunctional relationship between government and industry and the need for innovation and risk-taking in defense procurement.
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