Attention manufacturing companies, your data is being sold

My second interview with @2112Power, Founder and CEO of @HadrianInc. 0:10 How to scale manufacturing in the US 1:42 Building ahead of contracts 4:21 Burn rate & execution risk 6:40 Bets that aren’t risky to you but are risky to everyone else 8:34 Scaling capacity 10:45 Operating with an 80% risk of death 13:10 Sprinting through 1-way doors 16:51 “Sometimes you gotta roll a hard 6” 18:37 Constructing a new factory 21:45 Learning how to build factories 28:14 Surviving company killing events 32:12 Radically pulling forward timelines 37:13 How financing changes as you scale from $1M revenue to $1B revenue 38:53 Growing from 725 to 1,325 employees in 4 months 43:00 Deciding which contracts to go after 45:33 What’s stopping you from growing faster? 50:02 “Just f*cking do it” 53:23 Designing the finance side of the business 56:51 Educating investors on manufacturing and capex heavy businesses 59:08 Deciding which competitive advantages to optimize for 1:02:08 Building trust with government partners 1:04:54 False doors 1:09:12 Figuring out the highest leverage activities 1:11:04 Investing in velocity 1:13:59 Energy management

The US Navy has awarded three competitive prototype Other Transaction (OT) agreements to Conrad Shipbuilders, Master Boat Builders and Saronic Technologies to build Landing Craft, Utility (LCU) 1700 class craft. #shipbuilding #gatornavy #lcu Read more 🔽🔽

On Monday, I start a new adventure as Director of External Affairs at the @newindustrials. The work I will be doing builds on that foundation - securing national defense and building a strong national economy through advanced manufacturing. Same world, new role! I debated on sharing this here because I didn't want to be LinkedIn-y, but my content will change somewhat and I wanted to explain why. Can't wait to show you all what's happening behind the scenes. Let's REINDUSTRIALIZE!!

.@VP: "We're sending a message to all of America's kids — both at the leadership level, and those below them — that we believe in making things again."

BREAKING: President Donald J. Trump just signed an Executive Order establishing a new federal academy, THE UNITED STATES SPACE ACADEMY. 🚀🇺🇸

.@soren_ma says Neros' Millennium One facility has the largest American flag in the South Bay 🇺🇸 "That was really important to us." "This one is 30 x 60." "Next facility needs to have higher ceilings so we can go even bigger."

Things have been busy since the turn of the year. Yes, @SilentVentures closed an $85M early stage defense and deep tech fund, but we avoided publishing click-bait headlines about being oversubscribed, closing in a matter of weeks, and delivering top-decile returns. Instead, we tripled-down on what’s made us successful: founders, founders, founders. In doing so, we’ve led first check investments into exceptional early stage companies like @IronsteadUSA @Furientis @SupercriticalUS and @S_Energetics, among others. We’ve also had the privilege of continuing to support the remarkable teams at @Saronic @ereborbank @armada_ai @AmcaInc @DominionDynamic and @terraindustries. Guided by a differentiated ethos - proximity, humility, and service - Silent Ventures was fortunate to attract major investment from @briansin’s GPx. While I’m unable to publicly share much about GPx, their site states they “give elite GPs an unfair advantage.” I can personally attest to this. I’ve learned more from Brian and Lee Linden than just about anyone else in this ecosystem. Contrarians supporting contrarians with non-consensus strategies and 5th-dimension thought experiments - this is what makes them tick. Nonstop challenges to my thesis: this is what makes me excited to have them as limited partners. And it’s a blessing to share these learnings with founders like @GaruthAcharya @brody_franzen Simon Shuham, Michael Brown, and others yet to be named. From evaluating the human variable to making highly concentrated bets under pressure, this is how Silent Ventures invests with conviction. So, if you’re a pre-seed founder building things of consequence for the betterment of the free world, national security, critical systems, and the defense industrial base, we at Silent Ventures want to hear from you. We may very well end up writing your first check, but only if we’ve earned the right to be on your cap table. We aren’t presumptuous. We aren’t entitled. We aren’t the 90%. We are long-term partners with a track record to prove it (14 unicorns). We are patient capital. We are with you when times are good. More importantly, we stand by your side when times are bad. *Shoutout to @barratt_dewey and @tectonicdefense. If you’re not subscribed to their newsletter, immediately stop what you’re doing and sign up. tectonicdefense.com/exclusiv…

Today, we are happy to announce the closing of a $360 million revolving credit facility. The financing was arranged by a leading group of financial firms, underscoring strong institutional support for Hadrian’s continued growth. Morgan Stanley Senior Funding Inc. served as Lead Left Arranger and Bookrunner, with additional joint lead arrangers and bookrunners Western Alliance Bank, J. P. Morgan, First Citizens Bank, Customers Bank, HSBC Ventures USA Inc, Axos Bank, and Texas Capital Securities. Kirkland & Ellis was counsel to Hadrian on the transaction. This facility allows Hadrian to further invest in the advanced manufacturing infrastructure, machinery, and related hardware needed to achieve its production goals.