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Palmer Luckey

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
1124 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

We knew we were gonna build these products on top of it.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

What we were most concerned about was getting people in DOD and the political side

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

to believe in what we were doing, to believe that cost plus contracting was broken, to believe that a small player could be a large player in the space if given the chance.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

Obviously, it's worked out pretty well, but I think Anduril probably has done just as much on the government relations and institutional engagement side as we have on the tech side in terms of what contributed to our success.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

I think you need to think about existing systems in terms of the institutions and the people and the traditions and the politics, yes.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

The technology, probably no.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

Obviously, you can learn from existing technology.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

But in my experience, it's good to trust people when they tell you what their problems are, but don't trust what they think the solution is.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

There's so many companies that look at the solution space that exists and then say, ah, I can do that somewhat better.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

I can do that somewhat cheaper.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

And the reality is, is that rarely are companies

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

impactful businesses built on doing something a little better, a little cheaper.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

If you're not that different from those guys, it means they're going to have an easy time adapting from you, whatever you come up with, because you're not competing with what they have today.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

You're competing with what they're going to have after they look at what you're doing and then cross implement it or learn from what you're doing.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

That's the thing that a lot of startups miss.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

They say, oh, look at this, like Oracle division doing this thing, the small side of Oracle.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

I think I can do better than that service.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

And I have to remind them, well, first of all, guys, let's say it takes you two years to build that.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

You're not competing with what they have today.

Invest Like the Best with Patrick O'Shaughnessy
Palmer Luckey - Inventing the Future of Defense - [Invest Like the Best, CLASSICS]

You're competing with what they have in two years.