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Dropping Out, Raising Capital, and Starting a $1.5B Defense Tech Company | In The Arena

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Manage episode 508234911 series 3682292
Content provided by Vannevar Labs. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Vannevar Labs or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Vannevar CEO Brett Granberg walks through his founder journey, from the first days to a $1.5B valuation. We cover his lessons learned and key decisions he made along the way: why Vannevar is not dual-use, how to think about defense TAM, why you should reference-check your investors, and building credibility in the early days. Finally, Brett explains what shifts once you do raise venture capital – how incentives and expectations change, and why managing founder psychology and energy becomes part of the job if you want to build something durable.

Highlights

-- The $16K bill that triggered the leap
-- Why defense-only > dual-use for actually shipping value
-- How to talk TAM in defense (and how not to)
-- Building credibility from zero with “part-time hooks”
-- Reference-checking your investors
-- Founder psychology and burnout, from survival mode to scale

🔗 Careers at Vannevar: https://vannevarlabs.com/careers/

Outline
00:00 The very beginning
01:08 Deciding to drop out of school
02:24 Making the leap
03:23 The early co-founder partnership
05:46 Product development before customers
07:26 Fundraising then vs. now
09:39 The dual use trap (and why we avoided it)
12:33 How to think about defense TAM
15:47 Recurring revenue in defense
18:03 Screening investors
20:26 Building credibility as an unknown quantity
22:13 Biggest surprises about being a founder
24:08 Mindset shifts from zero to $1.5B

  continue reading

6 episodes

Artwork
iconShare
 
Manage episode 508234911 series 3682292
Content provided by Vannevar Labs. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Vannevar Labs or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Vannevar CEO Brett Granberg walks through his founder journey, from the first days to a $1.5B valuation. We cover his lessons learned and key decisions he made along the way: why Vannevar is not dual-use, how to think about defense TAM, why you should reference-check your investors, and building credibility in the early days. Finally, Brett explains what shifts once you do raise venture capital – how incentives and expectations change, and why managing founder psychology and energy becomes part of the job if you want to build something durable.

Highlights

-- The $16K bill that triggered the leap
-- Why defense-only > dual-use for actually shipping value
-- How to talk TAM in defense (and how not to)
-- Building credibility from zero with “part-time hooks”
-- Reference-checking your investors
-- Founder psychology and burnout, from survival mode to scale

🔗 Careers at Vannevar: https://vannevarlabs.com/careers/

Outline
00:00 The very beginning
01:08 Deciding to drop out of school
02:24 Making the leap
03:23 The early co-founder partnership
05:46 Product development before customers
07:26 Fundraising then vs. now
09:39 The dual use trap (and why we avoided it)
12:33 How to think about defense TAM
15:47 Recurring revenue in defense
18:03 Screening investors
20:26 Building credibility as an unknown quantity
22:13 Biggest surprises about being a founder
24:08 Mindset shifts from zero to $1.5B

  continue reading

6 episodes

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