Building the Base

In this episode of Building the Base, Hondo Geurts and Lauren Bedula sit down with Zach Beecher, Partner at Scout Ventures, who brings a unique perspective from serving as a paratrooper with the 82nd Airborne Division in Iraq to now leading dual-use technology investments on the front lines of defense innovation. Drawing from his combat experience witnessing "innovation at the speed of battle" during the liberation of Mosul from ISIS, his transition through venture capital in London, and his current role backing breakthrough defense technologies, Beecher discusses the urgent need to bridge Silicon Valley innovation with national security imperatives. He shares his insights on why "innovation at the speed of bureaucracy looks a lot different than innovation at the speed of battle," explains how venture capital can serve as a "player coach" for defense entrepreneurs, and argues that America must grow the industrial base through addition rather than subtraction by incentivizing collaboration between traditional primes and non-traditional startups.Five key takeaways from today's episode:Combat experience reveals innovation potential, as Beecher describes how deploying to Iraq in 2017 exposed him to soldiers thinking on their feet to solve dynamic battlefield challenges, from integrating off-the-shelf drones for Iraqi forces to creating software solutions for logistics, showing him that "innovation at the speed of battle" could be transformative if scaled properly.The dual-use investment landscape has dramatically evolved, Beecher notes, from being called a "warmonger" on a panel just two years ago for suggesting quantum companies focus on national security applications, to today's environment where "the capital ladder" from early stage through scaled production is "fully formed in a way that it's never been before."Contracts are the only validation that matters, Beecher emphasizes, because "contracts signify demand and contracts ultimately indicate what the government has identified as a priority," warning that without real customer validation through actual purchases, even well-funded startups risk "building a bridge to nowhere."Success requires mastering four core pillars, Beecher explains entrepreneurs must understand the problems they're solving, the people responsible for solving them, the processes required to navigate solutions, and how their products integrate across all three, with companies like Tern AI demonstrating this by addressing alternative navigation needs for both military operations and commercial autonomous vehicles.Collaboration beats competition in defense innovation, as Beecher advocates for "leading through addition rather than subtraction," pointing to examples like NASA's commercial orbital program that sparked competition between traditional primes and companies like SpaceX, ultimately transforming entire industries through incentivized partnership rather than zero-sum thinking.

In this episode of Building the Base, Hondo Geurts and Lauren Bedula sit down with Congressman Pat Harrigan (NC-10), who brings a rare combination of Special Forces experience, defense entrepreneurship, and fresh congressional perspective to America's national security challenges. Drawing from his service in 3rd Special Forces Group, his journey building a weapons and munitions manufacturing company, and his current role on the House Armed Services Committee, Congressman Harrigan discusses the urgent need to revolutionize America's defense industrial base. He shares his candid assessment of government as "a terrible customer," explains his groundbreaking Sky Foundry initiative to build America's first million-drone manufacturing capability, and warns that the nature of warfare has fundamentally changed from the Global War on Terror era. The conversation explores why America must shift from producing "high cost problems to our enemies' low cost solutions" to creating affordable, scalable technologies that can match the pace of modern conflict.Five key takeaways from today's episode:Personal inspiration drives public service, as Rep. Harrigan reveals how his grandfather's vivid memories of D-Day and the Battle of the Bulge, details he could recite perfectly even with dementia, showed him "what a formative part of his life he made a huge difference for the trajectory of the world," inspiring his own call to serve when he witnessed leadership failures during Afghanistan's fall.The nature of warfare has fundamentally changed, Congressman Harrigan explains, comparing the shift from the Global War on Terror to today's drone-dominated battlefield as the difference between "basketball and baseball" with 80% of casualties in Ukraine now caused by small, inexpensive FPV drones rather than traditional weapons systems.America currently sits at "effectively zero" drone manufacturing capability while being wholly dependent on Chinese supply chains, Rep. Harrigan warns, as adversaries like Russia and Ukraine produce millions of drones annually at costs dramatically lower than America's $20,000-30,000 per unit.The Sky Foundry initiative represents a revolutionary approach to defense manufacturing, combining government-owned facilities with private contractor intellectual property through a royalty-based system that incentivizes innovation while maintaining competition and driving costs down to $500 per drone.Success requires unwavering persistence, Rep. Harrigan emphasizes, sharing his philosophy of "never give up, never give in" when fighting for his daughters Reagan and McKinley's future, because "there is no substitute for victory" and breakthrough solutions will eventually succeed if you believe in them and keep working regardless of initial resistance.

In this episode of Building the Base, Hondo Geurts and Lauren Bedula sit down with Ranking Member Jim Himes (D-CT), who serves on both the House Permanent Select Committee on Intelligence and the House Financial Services Committee. Drawing from his unique background spanning Wall Street and public service, Congressman Himes discusses the critical intersection of technology innovation, national security, and America's industrial base. He shares candid insights on the challenges of government innovation, the evolving threat landscape from China, and why immigration remains America's secret weapon in the global competition for technological supremacy. The conversation also explores the cultural shifts needed within both Congress and the defense establishment to embrace the iterative, failure-tolerant approach essential for modern software development and emerging technologies.Five key takeaways from today's episode:The shift from hardware to software has fundamentally changed defense acquisition, Rep. Himes explains, requiring iterative development through failure and constant end-user contact—a capability traditional defense primes weren't prepared for, though progress is being made through innovative programs like DIU and Kessel Run.America's two greatest advantages over China in innovation, according to Rep. Himes, are immigration and a chaotic entrepreneurial ecosystem that treats failure as graduate-level education for the next venture, advantages that must be preserved and leveraged.Congressional culture remains risk-averse toward failure, Rep. Himes notes, with members more focused on finding the next "Solyndra" to investigate rather than creating the psychological safety necessary for breakthrough innovation.Supply chain vulnerabilities exposed by COVID-19 and the Ukraine conflict have created new appreciation for defense industrial base resilience, but Rep. Himes argues the tension between economic efficiency and strategic security requires nuanced thinking.Emerging threats like biosynthesis and quantum computing pose existential risks that require both cutting-edge research investment and a return to shared empirical truth, Rep. Himes warns, making the intersection of technology policy and national security more critical than ever.

In this episode of Building the Base, Hondo Geurts and Lauren Bedula reconnect with Cameron McCord, Co-Founder and CEO of Nominal, two years after his first appearance on the show (linked here). Drawing from his unique journey from submarine officer (484 days underwater) to defense tech entrepreneur, McCord discusses building software to accelerate testing and validation of mission-critical systems. He shares insights from his time at Anduril, Applied Intuition, and Saildrone, and how these experiences shaped Nominal's approach to modernizing test and evaluation processes. The episode concludes with exciting news that Nominal recently announced a $75 million Series B led by Sequoia Capital and co-led by Lightspeed Venture Partners.Five key takeaways from today's episode:Entrepreneurial success, according to McCord, requires falling in love with the process itself rather than just the initial idea, as markets, technology, and competition will force constant adaptation and iteration throughout the journey.Testing and validation software in defense hasn't been meaningfully innovated in decades, McCord explains, creating massive opportunities to modernize from "2002 to 2019" standards using basic automation and data practices before advancing to AI capabilities.The most valuable customer conversations, McCord notes, evolve from incremental efficiency gains at the engineer level to strategic business impact discussions about reducing 24-month test campaigns to 18-20 months for major defense programs.Rather than leading with confidence, McCord advises asking genuine questions to allow customers to reveal what's truly valuable to them, while learning when to say "not right now" instead of forcing poor fits often leads to higher revisit rates.Cross-functional experience across military service, government, startups, and venture capital has provided McCord with invaluable perspective for navigating complex stakeholder environments and understanding what success looks like from multiple viewpoints.

In this episode of Building the Base, Hondo Geurts and Lauren Bedula are joined by James Parker and Chris Lay, co-founding partners of Leonid Capital Partners, a private credit fund supporting the US national security ecosystem. Drawing from their unique backgrounds in astrophysics and neuroscience, Parker and Lay discuss how their innovative lending approach fills a critical gap in defense tech financing, offering credit facilities based on government contracts rather than traditional equity investments.Five key takeaways from today's episode:Traditional banks won't lend against government contracts due to 30-day cancellation clauses, creating a significant financing gap that specialized credit funds like Leonid can fill by lending 50-60% of contract values at set interest rates rather than taking equity stakes.Trusted capital is essential for national security, with clean funding sources becoming increasingly important as private investment surges into defense tech, requiring deliberate vetting to avoid potential foreign influence or undue investor pressure.Mission-driven business models can accelerate growth, with Leonid's commitment to donate 50% of profits creating competitive advantages through stronger relationships, advisory connections, and credibility with service-disabled veteran-owned businesses.Policy changes could unlock more private investment in national security, particularly through preferential tax treatment for investors in critical defense initiatives while potentially removing tax advantages for investments in adversarial economies.Cross-sector talent recruitment requires both patriotic appeal and economic incentives, with successful defense tech companies like Palantir and Anduril demonstrating that technical talent will engage with national security missions when there's potential for both meaningful impact and financial success.

In this episode of Building the Base, Hondo Geurts and Lauren Bedula are joined by Becca Wasser and Philip Sheers from the Center for New American Security (CNAS) to discuss their recent report, "From Production Lines to Front Lines." Drawing from extensive industry research and stakeholder interviews, Wasser and Sheers offer a comprehensive look at the critical challenges and opportunities facing America's defense industrial base in an era of great power competition.Five key takeaways from today's episode:Workforce remains the greatest limitation to manufacturing growth, with Wasser emphasizing "it's the workforce, stupid" as a core barrier that requires creative solutions like expanding AmeriCorps to include defense industrial base career paths.The defense industrial base has experienced decades of consolidation and lacks responsiveness to changing battlefield needs, demonstrated by challenges in ramping up production for Ukraine despite Herculean efforts from senior leaders.Structural vulnerabilities include outsourced supply chains to adversary-controlled regions and over-reliance on single-source sub-tier suppliers, creating critical bottlenecks that threaten both capacity and responsiveness in future conflicts.Small but actionable policy changes could yield significant improvements, such as allowing multi-year procurement of critical components like solid rocket motors without requiring an end item, providing immediate flexibility for production scaling.International partnerships with allies are essential for both learning from advanced manufacturing capabilities and creating resilient co-production arrangements, with countries like Japan and South Korea offering critical shipbuilding expertise that could augment America's defense industrial capacity.

In this episode of Building the Base, Hondo Geurts and Lauren Bedula sit down with John Maslin, Co-founder and CEO of Vulcan Elements, for an insightful conversation about the critical importance of rare earth magnets to U.S. national security. Drawing from his background as a Navy Supply Corps officer and his entrepreneurial journey, Maslin offers a candid look into the challenges and opportunities in rebuilding America's rare earth magnet manufacturing capabilities.Five key takeaways from today's episode:Rare earth magnets are essential "invisible building blocks" of our economy, found in virtually all electronic devices from smartphones to MRIs, as well as critical defense applications - yet China currently manufactures over 90% of the global supply while the U.S. produces less than 1%.The rare earth challenge isn't primarily about access to raw materials but rather about processing and manufacturing capabilities, with China having made a strategic decades-long investment that has given them near-complete control of this critical supply chain.Transitioning from government service to entrepreneurship, Maslin emphasizes the importance of mission-driven leadership when tackling strategic manufacturing challenges that are "too important to fail."Scaling domestic manufacturing of critical components requires addressing three fundamental challenges: developing skilled technical workforces, streamlining permitting processes, and creating manufacturing champions who can build complete ecosystems.For maintaining resilience as a founder in the challenging manufacturing space, Maslin recommends focusing on first principles, expectation management with stakeholders, and surrounding yourself with mission-driven team members who understand the strategic importance of the work.

Today's episode of Building the Base is part two of our "Founders in Focus" series, recorded at Manifest: Demo Day where 34 companies from across the defense industrial base demoed their disruptive tech.Hosts Hondo and Lauren caught up with some of the most dynamic founders: Tyler Sweatt from Second Front, Josh Lospinoso from Shift5, and Troy Demmer from Gecko Robotics, asking them everything from "Are founders born or made?" to "What would you like to tell DoD leadership today?" Please enjoy this rapid fire format, packed with learnings from real experiences.0:00 Introduction0:25 Tyler Sweatt, Second Front10:27 Josh Lospinoso, Shift527:06 Troy Demmer, Gecko Robotics

Today's episode of Building the Base is part one of our "Founders in Focus" series, recorded at Manifest: Demo Day where 34 companies from across the defense industrial base demoed their disruptive tech. Hosts Hondo and Lauren caught up with some of the most dynamic founders: Jeff Cole from Hidden Level, Doug Bernauer from Radiant, and Topher Haddad from Albedo, asking them everything from "Are founders born or made?" to "What would you like to tell DoD leadership today?" Please enjoy this rapid fire format, packed with learnings from real experiences.0:00 Introduction 0:56 Jeff Cole, Hidden Level09:20 Doug Bernauer, Radiant18:01 Topher Haddad, Albedo

In this episode of Building the Base, Melissa "Mojo" Johnson, Acquisition Executive at US Special Operations Command (USSOCOM), offers a candid look into the world of military acquisition, drawing from her extensive experience with the Air Force's Rapid Capabilities Office and SOCOM. Five key takeaways from today's episode:To drive organizational growth effectively, Mojo advocates for horizontal scaling, emphasizing small, high-performing teams with direct communication and a flat chain of command over creating layers of bureaucracy.Acquisition success, according to Mojo, isn't about drowning in complex regulations, but about applying critical thinking - tailoring processes to solve specific problems and maintaining focus on the core mission.Breaking down barriers between commercial and military tech requires a continuous dialogue, Mojo believes, by bringing together venture capitalists, industry partners, and military leaders to understand and apply innovative solutions.When integrating new technologies, Mojo emphasizes understanding the end effect - moving beyond simply applying AI or new tech, and clearly articulating how a solution will enhance operator capabilities and reduce unnecessary burdens.For maintaining resilience in high-stress environments, Mojo recommends building a strong support system, taking time to gain perspective, celebrating successes, and recognizing that no challenge is entirely unprecedented.