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Torsten Reil

๐Ÿ‘ค Speaker
639 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

I think the system probably incentivizes the latter, but that doesn't mean that there aren't individuals actually across different forces in procurement agencies, but also in politics who really want to innovate. It does exist.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

I think the system probably incentivizes the latter, but that doesn't mean that there aren't individuals actually across different forces in procurement agencies, but also in politics who really want to innovate. It does exist.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

So there are all kinds of, I think, little things that you could do. But what we are suggesting is that you introduce a mandatory 20% on new defence companies for defence equipment. That is the easiest way of doing it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

So there are all kinds of, I think, little things that you could do. But what we are suggesting is that you introduce a mandatory 20% on new defence companies for defence equipment. That is the easiest way of doing it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

So there are all kinds of, I think, little things that you could do. But what we are suggesting is that you introduce a mandatory 20% on new defence companies for defence equipment. That is the easiest way of doing it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

So if you reserve of your defence equipment spend, so not the stuff on maintenance and everything else, but actually defence equipment, if you reserve 20% of that to new defence companies, which you can define, that is a shortcut to actually realigning incentives. What is the current spending on new defence companies?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

So if you reserve of your defence equipment spend, so not the stuff on maintenance and everything else, but actually defence equipment, if you reserve 20% of that to new defence companies, which you can define, that is a shortcut to actually realigning incentives. What is the current spending on new defence companies?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

So if you reserve of your defence equipment spend, so not the stuff on maintenance and everything else, but actually defence equipment, if you reserve 20% of that to new defence companies, which you can define, that is a shortcut to actually realigning incentives. What is the current spending on new defence companies?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

There are many. The first thing is that you also have to have relationships with governments, with the right decision makers. You have to have a government relations team that deals with all of that. And in Helsing's case, it's not just one country, it's several. And so we're active in the UK, in France and in Germany, just recently opened an office in Estonia, and there'll be more over time.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

There are many. The first thing is that you also have to have relationships with governments, with the right decision makers. You have to have a government relations team that deals with all of that. And in Helsing's case, it's not just one country, it's several. And so we're active in the UK, in France and in Germany, just recently opened an office in Estonia, and there'll be more over time.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

There are many. The first thing is that you also have to have relationships with governments, with the right decision makers. You have to have a government relations team that deals with all of that. And in Helsing's case, it's not just one country, it's several. And so we're active in the UK, in France and in Germany, just recently opened an office in Estonia, and there'll be more over time.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

So we have to have those relationships with various governments. You have to then think about how do you deal with lobbying from industry? So not every prime in the defence industry is yet our friend. I think we want to reach out to all of them, but not everyone sees us as friends yet. Who's your friend and who's not your friend? Well, probably Saab is a friend, for example.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

So we have to have those relationships with various governments. You have to then think about how do you deal with lobbying from industry? So not every prime in the defence industry is yet our friend. I think we want to reach out to all of them, but not everyone sees us as friends yet. Who's your friend and who's not your friend? Well, probably Saab is a friend, for example.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

So we have to have those relationships with various governments. You have to then think about how do you deal with lobbying from industry? So not every prime in the defence industry is yet our friend. I think we want to reach out to all of them, but not everyone sees us as friends yet. Who's your friend and who's not your friend? Well, probably Saab is a friend, for example.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

We work very closely with them. They're shareholders in Helsing as well, really close friends. Others, I think it can fluctuate. I don't mean this in jest. I think we all genuinely need to work together. I think we all have bigger fish to fry. And defense primes will always have a role. We don't think that they will disappear. In fact, actually, I think they will grow if we do things right.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

We work very closely with them. They're shareholders in Helsing as well, really close friends. Others, I think it can fluctuate. I don't mean this in jest. I think we all genuinely need to work together. I think we all have bigger fish to fry. And defense primes will always have a role. We don't think that they will disappear. In fact, actually, I think they will grow if we do things right.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

We work very closely with them. They're shareholders in Helsing as well, really close friends. Others, I think it can fluctuate. I don't mean this in jest. I think we all genuinely need to work together. I think we all have bigger fish to fry. And defense primes will always have a role. We don't think that they will disappear. In fact, actually, I think they will grow if we do things right.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

The thing that we have to avoid is the Tesla moment for the defense sector. If there is a big wave coming of new technology, and it's all around autonomy, software, and AI, essentially, again, precise mass. If we collectively, including the primes, don't understand that and don't adapt, the same thing is going to happen to defense as happened to the car industry.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

The thing that we have to avoid is the Tesla moment for the defense sector. If there is a big wave coming of new technology, and it's all around autonomy, software, and AI, essentially, again, precise mass. If we collectively, including the primes, don't understand that and don't adapt, the same thing is going to happen to defense as happened to the car industry.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Future of War: Are We Ready & What Needs to Be Done | China, Russia and Trump: What Happens Now | Raising $828M to Build the Defence Champion of Europe | Torsten Reil, Co-Founder @ Helsing

The thing that we have to avoid is the Tesla moment for the defense sector. If there is a big wave coming of new technology, and it's all around autonomy, software, and AI, essentially, again, precise mass. If we collectively, including the primes, don't understand that and don't adapt, the same thing is going to happen to defense as happened to the car industry.