What's driving this underwriting?
I liked your breakdown of the VC calculations. Once defense becomes a more crowded space for investors, do you think we’ll see a sharp divide between winners and everyone else? Or does the dual-use potential help more of these startups survive?
I liked your breakdown of the VC calculations. Once defense becomes a more crowded space for investors, do you think we’ll see a sharp divide between winners and everyone else? Or does the dual-use potential help more of these startups survive?