Matt Grimm
speaker
244 appearances
1 recordings
1 series
first heard Nov 2024
last heard Nov 2024
Matt Grimm’s voice in public audio — every appearance, attributed to the second.
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Appearances
You should know that the Andoril of X is going to be Andoril. Your best bet is probably buying as many Andoril shares as you can. Beyond that, I think what you should know is that execution and delivery and actually winning these contracts, winning these long-term programs of record is incredibly important.
incredibly complicated and fraught with incredibly complex regulations, compliance, accreditation. Like there's this whole world of very messy kind of back office stuff that is admittedly not sexy. It admittedly doesn't make great headlines, but saying like, we've got a new missile. It's going to be great. Like cool does not a successful missile program make. And there's a huge gap there.
So as a, as a new investor to the
segment first of all i would say you're unlikely to drive venture style returns by being kind of consensus but like beyond that truly spend the time to appreciate the complexities of the appropriations process the budget process the awarding and winning and supporting and delivering of these because we're seeing like defense funds being created yeah and i'm like this is not an asset class in itself to generally no no you agree with me i agree absolutely
As a component of a diversified defense sort of investment within a broader diversified portfolio. Hopefully it makes sense. Absolutely.
We love them. Good relationship with them. I hope they succeed. We've talked with them a couple of times about potential collaborations. We'll see where they end up.
Absolutely. I think in your business, your mandate is to find the brightest folks working on the most emerging problems that aren't going to see market for two years, three years, five years, and aren't going to be successes until 10 years. And I think fundamentally what that means is you should be closest to where I'm turning into like old guy advice guy over here.
You should be closest to where the nexus of that talent is. And I think ultimately in the technology sector, this isn't to say that there aren't exceptions. Of course there are. I can't wait for the tweet responses, but like.
The highest concentration of talent working on what I think is going to be the next generation of problems that the world faces and the next generation of generational segment defining companies, a lot of them are in California, man.
I think it's finding its way, finding its way back. I do think venture lost its way and in pursuit of that early fad, that next that next kind of quick trend, that next quick pop. And of course, everybody like and I get the incentives. I totally get the incentives, you know, being in the
the sexiest company that helps you raise the next fund, that helps you get the next logo on your page, that helps you generate kind of the LP enthusiasm. I totally get the dynamics, but nonetheless, I think that the enduring companies, the companies with real moats that I think are going to be around for a long time, ultimately have
Implicit in your question is a assumption that VCs and investors will use the same templates from prior investments on to new investments, which VCs are generally pretty smart. They're generally pretty well-educated. They're generally able to learn new things pretty quickly, else they wouldn't succeed in venture. They wouldn't get to partner status. I think we're going to see a different mindset.
I think some of them are going to be good at it. A lot of them won't. It's just like any other kind of evolution in the Valley, any other kind of evolution in the sector. So I think it's going to be tough times for some of them. But overall, I'm optimistic. Overall, I'm excited for all the money pouring into the sector.
I don't think they will, but okay.
Hands down, absolutely every time. Why? It's literally in the name of the fund. Their job is to make bets on the people. And throughout their history, this is demonstrated with their relationship with Andoril as well, demonstrated with their relationship with me personally. They are a ride or die, stand by their founders kind of organization. A lot of VCs will say that they are.
A lot of VCs will make that claim. And then actually when push comes to shove, they're not. Can you share an anecdote of when they have done a ride or die for you?
they have gone to bat for us in numerous times with vcs who were either uncomfortable with the and these are these are in the early days you know post ukraine all of this has changed uh in the early days when people were very uncomfortable with the ethics of defense especially in a trump administration if you remember at the time like trump just won it was very kind
controversial in the valley, at least. And there was this like, can we trust them? What about defense? We don't know. There's like this ethical kind of quandary that a lot of VCs are struggling with. And Singerman himself personally, multiple times went to bat for us and said, you're absolutely insane. These are good folks with good ethics and good morals.
And this is absolutely technology the world needs. You have to get involved. and has personally gone to bat for us and helped us. So that means a lot to us, to stand by us. Any list of top tier VCs, et cetera, people that publish the list that doesn't include Founders Fund at the top is a laughable list.
I have changed my mind on the importance of business systems and nitty gritty weeds of business systems integrating together, leading to an effective manufacturing process.
Showing 161–180 of 244 · page 9 of 13
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