Katherine Boyle

It actually comes from my partner, Chris Dixon, who leads our crypto practice, where he basically says like, you know, every company gets to tell you who their one competitor is.

But like at a certain point, like there are some companies that get so large where they're going to do everything or they think they're going to do everything.

And so you can't say, oh, you know, a company, you know, like you can't honestly make the argument that say SpaceX is somehow competitive with a small company that's building satellite buses.

or a company that's building ground stations because they have a ground station product that works with Starlink.

We would never invest in companies that are competing directly head on that are doing the same product.

We don't do that.

Sometimes you invest in a company that starts out as one thing and again it pivots into something else and then they're competing against each other.

Whenever that happens, we always try to make sure that we silo the information, that different partners are working on different things.

It does happen.

There's definitely examples of two companies just getting so big and so great.

It's always good when you see two companies winning, but then they realize, oh, we can each acquire the same company and do something new, and so they compete on acquisitions.

It's normal in business that companies will compete.

But if we knowingly knew that companies were competing against each other, we would pick the winner.

We put our eggs in one basket.

Yeah, I mean, it's a great question.

I'm spending a lot of time on future of space and space warfare.

I think there needs to be a lot more built for the next war being in space.

So that means building things on the software side for tracking.

There needs to be a lot more on the production side, on the propulsion side to make sure that things can be kinetic in space.

So there's a lot I think happening in sort of what is the future of space warfare look like.