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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]

The answer is yeah.

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

We could definitely make a lot of money doing that.

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

I think we'd be very successful at it.

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

But there's a lot of great companies in the US that are already doing this.

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

Skydio is a great small drone company.

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

Brink?

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

Great company.

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

Teal, great company.

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

So why would I spend my VC dollars, venture capital dollars, fighting their venture capital dollars, trying to solve the same niche that has already been pretty well solved by other good US companies?

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

I don't want to do that.

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

I could use the opposite of the strategy that I have.

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

What if I only went after areas where there are other good companies already doing that?

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

Maybe that means that those are good markets.

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

But how shitty would I feel if the net result of spending a billion dollars in R&D is that I've just killed off 10 other companies that could have otherwise done a good job and the DoD ends up with the same capability anyway?

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

It's not what I want to do.

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

So building things that other people are doing poorly is actually very important to me.

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

I want to be entering areas where the existing people are not doing a good job.

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

They're charging too much.

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

They're working too slowly.

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

Their systems are not highly functional.