The Hill & Valley Forum Podcast Palmer Luckey of Anduril Industries on next gen DefenseTech, China, and U.S. Policy
8 snips
Jun 16, 2023 AI Snips
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Early Anduril Fundraising Challenges
- Anduril Industries initially faced resistance from investors due to their focus on defense technology.
- Some top-tier investors explicitly excluded defense from their investment portfolios.
Defense and AI: An Unpopular Combination
- Early Anduril faced challenges as both a defense and AI company, as both sectors were less popular among investors.
- The prevailing belief among elites was that large-scale conflict was obsolete, making defense tech less appealing.
Shifting Tides: Tech and Military Alignment
- Several factors shifted tech companies closer to the military: economic downturns in consumer industries, the war in Ukraine highlighting the reality of large-scale conflict, and China's clear stance on not allowing US tech dominance.
- These factors pushed tech companies to reconsider their aversion to defense work and pick sides.