Matt Grimm

I think there's a complex question. I think that there's still a lot of supply chain, especially way down in the tier two, tier three, tier four levels of supply chain that still fundamentally rely on Chinese processing, Chinese refining, and Chinese manufacturing. What is that? I'm so sorry. I'm really naive. I'm a venture investor, so it's my job.

I think there's a complex question. I think that there's still a lot of supply chain, especially way down in the tier two, tier three, tier four levels of supply chain that still fundamentally rely on Chinese processing, Chinese refining, and Chinese manufacturing. What is that? I'm so sorry. I'm really naive. I'm a venture investor, so it's my job.

I think there's a complex question. I think that there's still a lot of supply chain, especially way down in the tier two, tier three, tier four levels of supply chain that still fundamentally rely on Chinese processing, Chinese refining, and Chinese manufacturing. What is that? I'm so sorry. I'm really naive. I'm a venture investor, so it's my job.

But like tier two, tier three, tier four, what is that? So like when you buy a phone, inside the phone is a circuit board and then on that circuit board are some chips and then inside those chips are individual minerals, individual materials that go into making those chips, right? So like as you go further down in the supply chain, you get this kind of broader out pyramid

But like tier two, tier three, tier four, what is that? So like when you buy a phone, inside the phone is a circuit board and then on that circuit board are some chips and then inside those chips are individual minerals, individual materials that go into making those chips, right? So like as you go further down in the supply chain, you get this kind of broader out pyramid

But like tier two, tier three, tier four, what is that? So like when you buy a phone, inside the phone is a circuit board and then on that circuit board are some chips and then inside those chips are individual minerals, individual materials that go into making those chips, right? So like as you go further down in the supply chain, you get this kind of broader out pyramid

And then in the business, you refer to that as your tier one suppliers or tier two suppliers, tier three suppliers, kind of going down into like how far down into the like actual raw metal coming out of the ground do you want to trace back your supply chain?

And then in the business, you refer to that as your tier one suppliers or tier two suppliers, tier three suppliers, kind of going down into like how far down into the like actual raw metal coming out of the ground do you want to trace back your supply chain?

And then in the business, you refer to that as your tier one suppliers or tier two suppliers, tier three suppliers, kind of going down into like how far down into the like actual raw metal coming out of the ground do you want to trace back your supply chain?

Too much of that down in the pyramid of the supply chain depends on Chinese processing and Chinese mining, especially around rare earth minerals and rare earth elements, magnets, which means motors, a lot of the underlying components that go into silicon chips. A lot of that is still going through China. So if you think about

Too much of that down in the pyramid of the supply chain depends on Chinese processing and Chinese mining, especially around rare earth minerals and rare earth elements, magnets, which means motors, a lot of the underlying components that go into silicon chips. A lot of that is still going through China. So if you think about

Too much of that down in the pyramid of the supply chain depends on Chinese processing and Chinese mining, especially around rare earth minerals and rare earth elements, magnets, which means motors, a lot of the underlying components that go into silicon chips. A lot of that is still going through China. So if you think about

kind of a cold war, which to me, I think it's pretty obvious that we're in, escalating into a hot war. And then you think about like, okay, well, every drone needs electric motors. Every missile needs semiconductors to help kind of control the flight dynamics and the aiming and the avionics and all of that.

kind of a cold war, which to me, I think it's pretty obvious that we're in, escalating into a hot war. And then you think about like, okay, well, every drone needs electric motors. Every missile needs semiconductors to help kind of control the flight dynamics and the aiming and the avionics and all of that.

kind of a cold war, which to me, I think it's pretty obvious that we're in, escalating into a hot war. And then you think about like, okay, well, every drone needs electric motors. Every missile needs semiconductors to help kind of control the flight dynamics and the aiming and the avionics and all of that.

Far enough down that supply chain, you start looking at like, oh man, those individual resistors, those come from China. That individual fastener, that raw metal comes from China. So I think it's very, very, very hard in practice to actually completely divorce yourself from any Chinese influence on the supply chain whatsoever.

Far enough down that supply chain, you start looking at like, oh man, those individual resistors, those come from China. That individual fastener, that raw metal comes from China. So I think it's very, very, very hard in practice to actually completely divorce yourself from any Chinese influence on the supply chain whatsoever.

Far enough down that supply chain, you start looking at like, oh man, those individual resistors, those come from China. That individual fastener, that raw metal comes from China. So I think it's very, very, very hard in practice to actually completely divorce yourself from any Chinese influence on the supply chain whatsoever.

Nonetheless, I think if a Cold War escalates to a hot war, we as the West writ large need to be in a position where we either have stockpiled enough to make it through a conflict Or we have developed, ideally, our own supply chains for those individual components. What would lead to a Cold War becoming a hot war? A few things that could happen. I think you could see North Korea get spicier.

Nonetheless, I think if a Cold War escalates to a hot war, we as the West writ large need to be in a position where we either have stockpiled enough to make it through a conflict Or we have developed, ideally, our own supply chains for those individual components. What would lead to a Cold War becoming a hot war? A few things that could happen. I think you could see North Korea get spicier.