Steve Baxter

speaker

1,374 appearances 1 recordings 1 series first heard Aug 2026 last heard 2 Aug

Steve Baxter’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.

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But in drones in general, I think drones are an absolutely scary combat innovation and they're actually a scary investment.

We don't invest in drones as a fund.

The commodity platform itself has been commoditized.

And as a result- As in the machine itself.

The machine itself, yeah.

The platform's been commoditized.

Right.

And there's just no value left in it, to be honest.

It's raced to the bottom.

Right.

They're all discounting each other.

Yeah.

And there's very little differentiation.

I mean, I get these pictures from these lovely guys who make drones and it looks 99% identical to the last one I saw, but it's supposedly different.

And good on them.

They're pitching, right?

Yeah.

So what we did, though, about two years ago, much to my team's agreement, about 20 drone opportunities in that pipeline.

I just kicked them all out.

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