The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Anduril Co-Founder on How a Trump Administration Changes the Defence Industry | What Happens Between China vs Taiwan, Israel vs Palestine, Russia vs Ukraine | How Software Changes War & Why TikTok Should Be Banned with Matt Grimm
Matt Grimm
So what happens on these large defense procurements is that one of these prime contractors will come in and they will pitch a PowerPoint slide about how they would do something. And then they hire engineers to build to that vision. Then they bill those engineers to the government at an hourly rate with a fixed margin. So that's a cost plus. So it costs us this.
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