Believe me, it’s not... • 1y
Last week, news broke that India's former Defence Secretary launched his VC fund, Mount Tech Growth Fund. The first fund, named Kavachh, is expected to be ~₹500 Cr, supporting Defence Tech startups. ⏭️Demand for Defence Technology seems to be on the uptick - - GOI launched iDEX in 2018, offering grants up to ₹10 Cr to startups and MSMEs - Silicon Valley VCs invested $35 B+ in defense tech startups in 2023 - NATO announced a $1 B VC Fund for DT startups 🕵️♂️Global VCs are also recruiting ex-military personnel and bureaucrats - - a16z hired an ex-fighter pilot jet as it's Chief of Staff - Lux Cap. hired a former head of US Special Ops - Shield Capital, launched in 2021 by a former Air Force officer ⚡️Exciting stuff happening in Defence Tech.
Making synthetic DNA... • 5m
🚨 The magic number: ₹800 Cr ⸻ VCs invest in businesses that can be big enough to return their entire fund. To get VCs interested, your startup must at least have the potential to reach ₹800 Cr+ in annual revenue or ₹8,000 Cr+ in market cap (assumi
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