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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]

There are no independent vendors that are not owned by an existing prime, which is really bad for startups, really, really bad for the primes that don't own their own rocket motor vendors.

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

And even the ones who do own rocket motor production capacity are not stoked with their ability to produce all of the different things that they need.

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

So

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

That was an area where we didn't have to come up with that thesis from the beginning.

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

You had Congress saying, we desperately need more rocket motor vendors.

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

You had the Pentagon saying, we desperately need more rocket motor vendors.

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

Please, won't somebody do something?

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

And they'd been doing so with minimal effect for many years.

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

So when we do something...

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

I think there's four things that need to be true.

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

First, it has to be something that the Pentagon cares about.

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

It has to be something they think is a priority because if they don't think it's a priority, it doesn't even matter if it should be a priority.

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

If they're not convinced it should be a priority, it's probably not something that is gonna get fixed in the near term.

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

If I think something is a priority and the Pentagon disagrees, that's not an engineering effort I need to deploy.

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

That's probably a persuasion effort that I need to deploy.

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

Don't start the engineering on something when you haven't successfully persuaded them.

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

Most of the time, they know what their problems are.

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

Two, has to be something that Congress cares about.

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

They have the power of the purse.

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

They decide what is going to get funded.