Defense Tech Equity Potential

Shaan discusses defense tech companies as investment opportunities, using Epirus as an example of companies following Anduril's successful model. These companies represent opportunities for significant equity growth in the defense sector.

Key Points:

• Market Opportunity:

  • Multiple defense/weapons companies inspired by Anduril's success
  • High-value government contracts available through RFP processes
  • Growing defense tech sector with strong funding

• Example Company - Epirus:

  • Develops electromagnetic pulse technology to disable drones and missiles
  • Non-destructive defense technology (disables rather than destroys)
  • Proven product superiority through "bake-off" competitions against competitors
  • Successfully winning government contracts

• Strategy for Success:

  • Build relationships with government agencies and officials
  • Recruit ex-government personnel as door openers
  • Focus on product superiority to win competitive demonstrations
  • Participate in government RFPs and procurement processes

• Investment Approach:

  • Research top 10 defense/weapons companies
  • Interview at multiple companies to assess potential
  • Use judgment to identify winners in the space
  • Look for companies with strong technical advantages and relationship-building capabilities

The speaker suggests this as a sector where joining the right company could lead to significant equity appreciation, similar to how Anduril has grown.