Silicon Valley May Be Losing Patience with DOD, News Report Says

December 23, 2021

Tech startups and venture capital firms are signaling to the Pentagon that the clock is ticking if defense leaders want their help on new innovations, Breaking Defense reported from this month’s Reagan National Defense Forum.

“We have, at most, two years before founders walk away and private capital dries up,” Katherine Boyle, a partner with venture capital firm Andreessen Horowitz, tweeted at the beginning of the event. “And many, many startups will go out of business waiting for DOD to award real production contracts.”

Air Force Chief of Staff Gen. CQ Brown acknowledged the delay and said DOD needs to act quickly.

“If we don’t do that, then I really believe all that venture capital is just gonna walk,” he said, according to the report. “They’re going to find someplace else to go.”

Defense Secretary Lloyd Austin also acknowledged the problem.

“Let’s face it: For far too long, it’s been far too hard for innovators and entrepreneurs to work with the department,” Austin said at the forum. “The barriers to entry into this effort to work with us in national security are often too steep, far too steep.”

DOD photo by Chad J. McNeeley

December 23, 2021

Recent News

Snap of the Week

Snap of the Week

Naval Academy plebes climb the Herndon Monument, a tradition symbolizing the successful completion of the midshipmen’s freshman year. The class of 2027 completed the climb in 2 hours, 19 minutes and 11 seconds. Navy photo by Stacy Godfrey

In Our Communities

In Our Communities

More than 74,000 residents of Whidbey Island, Washington could suffer long-term health impacts from the noise of jets stationed at Naval Air Station Whidbey Island, according to a University of Washington study, The Seattle Times reported. Researchers said the impact...

$2 Billion Aid Package Will Help Ukraine Build Its Own Weapons

$2 Billion Aid Package Will Help Ukraine Build Its Own Weapons

A new $2 billion aid package the State Department announced Thursday will help build a Ukraine Defense Enterprise Program, according to Defense News. The fund will help Ukraine buy weapons from other countries while “investing in Ukraine’s defense industrial base,...

NDAA Draft Asks for DOD Study on Privatizing Barracks

NDAA Draft Asks for DOD Study on Privatizing Barracks

The House Armed Services Committee’s draft National Defense Authorization Act indicates lawmakers may not be ready to privatize more barracks, as Military.com reported. “Members aren’t completely bought into privatizing all housing,” a senior Republican committee aide...

PAST STORIES