Palmer Luckey
๐ค SpeakerAppearances Over Time
Podcast Appearances
The answer is yeah.
We could definitely make a lot of money doing that.
I think we'd be very successful at it.
But there's a lot of great companies in the US that are already doing this.
Skydio is a great small drone company.
Brink?
Great company.
Teal, great company.
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?
I don't want to do that.
I could use the opposite of the strategy that I have.
What if I only went after areas where there are other good companies already doing that?
Maybe that means that those are good markets.
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?
It's not what I want to do.
So building things that other people are doing poorly is actually very important to me.
I want to be entering areas where the existing people are not doing a good job.
They're charging too much.
They're working too slowly.
Their systems are not highly functional.