The A16Z's defense industry expert just said that the war in the Ukraine has presented investors with unprecedented opportunities for looting.
I should note that this is not a direct quote, but what she said could only be summarized to something like this:
It’s remarkable how quickly things can change. While the tech industry was trying to keep defense tech at arm’s length just a few years ago, that sentiment has completely reversed.
“The war in Ukraine changed everything about how young people think about the Department of Defense’s work, and really the important mission of deterrence and making sure that we invest in the next technologies,” Katherine Boyle, a general partner at Andreessen Horowitz, said onstage at the Fortune Most Powerful Women conference on Tuesday.
Boyle, who cofounded a16z’s American Dynamism fund and has backed defense tech company Anduril and Elon Musk’s SpaceX, said onstage that she would get “laughed out of rooms” when she asked about whether companies were selling their technology to the Department of Defense. Now, Boyle said, founders she speaks with are motivated by America’s national security and deterring war and armed conflict. “We have a company that literally has said: Xi Jinping is setting our product strategy,” Boyle noted.
So, I guess when Andreeson Horowitz isn't gaming initial coin offerings to cheat people, they are now looking to using the defense industrial complex to cheat the taxpayers.
F%$# that.
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