Shyam Sankar

You had companies that were almost like test tube babies, artificial mergers, no single unified culture. They became essentially almost like state-owned enterprises, extensions of the government, just doing the government's bidding. There was not enough heresy, not enough crazy ideas that pushed the envelope, not enough Kelly Johnsons of the world. It drove out the founders.

You had companies that were almost like test tube babies, artificial mergers, no single unified culture. They became essentially almost like state-owned enterprises, extensions of the government, just doing the government's bidding. There was not enough heresy, not enough crazy ideas that pushed the envelope, not enough Kelly Johnsons of the world. It drove out the founders.

Founders cannot work in a conformist environment. They are heretics by their very nature. And it drove the founders to other industries like tech. The reason for immense optimism in this moment. So that 6% today is 86%. So the 6% that used to go to only defense specialists has ballooned into 86% that go to defense specialists. So these companies have very little commercial business.

Founders cannot work in a conformist environment. They are heretics by their very nature. And it drove the founders to other industries like tech. The reason for immense optimism in this moment. So that 6% today is 86%. So the 6% that used to go to only defense specialists has ballooned into 86% that go to defense specialists. So these companies have very little commercial business.

Founders cannot work in a conformist environment. They are heretics by their very nature. And it drove the founders to other industries like tech. The reason for immense optimism in this moment. So that 6% today is 86%. So the 6% that used to go to only defense specialists has ballooned into 86% that go to defense specialists. So these companies have very little commercial business.

They are kind of on the Galapagos Islands. They've built specialist entities that only know how to sell and interact with the government. And this is part of our, and this is- So that's the key.

They are kind of on the Galapagos Islands. They've built specialist entities that only know how to sell and interact with the government. And this is part of our, and this is- So that's the key.

They are kind of on the Galapagos Islands. They've built specialist entities that only know how to sell and interact with the government. And this is part of our, and this is- So that's the key.

You compare that to China. So in China, their primes, their equivalent of our big five, only 27% of their revenue comes from the PLA, the People's Liberation Army. The rest comes from commercial things they're selling. Unfortunately to us, so that cheap crap we're buying on Amazon is subsidizing potential lethality against future US service members.

You compare that to China. So in China, their primes, their equivalent of our big five, only 27% of their revenue comes from the PLA, the People's Liberation Army. The rest comes from commercial things they're selling. Unfortunately to us, so that cheap crap we're buying on Amazon is subsidizing potential lethality against future US service members.

You compare that to China. So in China, their primes, their equivalent of our big five, only 27% of their revenue comes from the PLA, the People's Liberation Army. The rest comes from commercial things they're selling. Unfortunately to us, so that cheap crap we're buying on Amazon is subsidizing potential lethality against future US service members.

So let me give you a cause for optimism. More than $120 billion of private capital has been deployed in the last three years in the service of national security, in the national interest. You know, the founders are back. Palmer Luckey is an archetypal example of this. You talk about a heretic, right? We have people who are hardheaded, who are doing this more...

So let me give you a cause for optimism. More than $120 billion of private capital has been deployed in the last three years in the service of national security, in the national interest. You know, the founders are back. Palmer Luckey is an archetypal example of this. You talk about a heretic, right? We have people who are hardheaded, who are doing this more...

So let me give you a cause for optimism. More than $120 billion of private capital has been deployed in the last three years in the service of national security, in the national interest. You know, the founders are back. Palmer Luckey is an archetypal example of this. You talk about a heretic, right? We have people who are hardheaded, who are doing this more...

with a horizon that is beyond just what's going to happen this quarter. They have a vision of what they're trying to create in the world. And there are hundreds of them. And the department is open to working with them. There's a whole sea change, particularly with this administration, of recognizing the need for this reformation. And so we're starting to embrace that.

with a horizon that is beyond just what's going to happen this quarter. They have a vision of what they're trying to create in the world. And there are hundreds of them. And the department is open to working with them. There's a whole sea change, particularly with this administration, of recognizing the need for this reformation. And so we're starting to embrace that.

with a horizon that is beyond just what's going to happen this quarter. They have a vision of what they're trying to create in the world. And there are hundreds of them. And the department is open to working with them. There's a whole sea change, particularly with this administration, of recognizing the need for this reformation. And so we're starting to embrace that.

I think we should, to the point of the ketchup bottle, it is coming out all at once right now. And it is the moment for us to seize the opportunity to fix ourselves.

I think we should, to the point of the ketchup bottle, it is coming out all at once right now. And it is the moment for us to seize the opportunity to fix ourselves.

I think we should, to the point of the ketchup bottle, it is coming out all at once right now. And it is the moment for us to seize the opportunity to fix ourselves.