Jeffrey Donenfeld

Author: Jeffrey Donenfeld

  • Colorado Space Roundup: Challenges and breakthroughs shaping humanity’s journey to the Moon and beyond

    Colorado Space Roundup: Challenges and breakthroughs shaping humanity’s journey to the Moon and beyond

    Recent and ongoing technological, business, and policy innovations are paving the way for enhanced, more productive, and farther reaching human presence in space, on the Moon, and beyond. Today I had the opportunity to attend and connect with fellow industry professionals at the “Lunar and Beyond” panel during the 21st annual Colorado Space Roundup, organized by the Colorado Space Business Roundtable. My key takeaways – Re-usable space and planetary hardware, off-earth manufacturing, and global collaboration are key elements in humanities next steps into the solar system. Reach out to me anytime continue the discussion on building the space economy.

    Panel Description:1 – Lunar and Beyond – Take Us There!

    Explore the challenges and breakthroughs shaping humanity’s journey to the Moon and beyond. This panel features visionary leaders driving innovation in lunar exploration, space habitation, and interplanetary missions. From cutting-edge technologies to international collaboration, discover how these efforts pave the way for a sustainable future in space. Whether you’re an industry expert or a curious enthusiast, this discussion will inspire and illuminate the path to our next frontier.

    Moderator and Panelists:2

    Chris Pearson, CEO, Agile Space Industries

    Chris Pearson is CEO of Agile Space Industries, his 4th Colorado high growth space business after ABSL (acquired by Enersys), Surrey Satellite US (acquired by General Atomics) and Roccor (acquired by Redwre). Chris is originally from the UK but moved here 20 years ago to raise his family and has worked at the mission, spacecraft and component level for small and large business and civil, commercial and national security programs. He hold a Mathematics degree, technical Masters degrees from Cranfield University and Imperial College but most proud of his MBA from CU.

    Rob Chambers, Director of Strategy, Lockheed Martin Space

    Rob Chambers is the Director of Strategy for Lockheed Martin’s Human and Scientific Space Exploration area. In this role, he is focused on Lockheed Martin’s blueprint for extending humanity’s knowledge of our planet, our solar system, and the universe at large. With the company’s unparalleled heritage in robotic and human spaceflight, weather, climate intelligence, and Earth science, Lockheed Martin is working with our government, commercial, and international customers and partners to answer fundamental questions about where we come from, where we’re going, and whether we’re alone in the universe. Rob has been with Lockheed Martin since 1993 and has worked on a variety of spaceflight programs including Earth remote sensing satellites, the Space Shuttle, Orion, human lunar landers, nuclear power and propulsion, and deep space habitation. Rob has bachelor’s and master’s degrees in Aeronautical and Astronautical Engineering from Purdue University. Throughout his career, Rob has led the development of guidance and controls subsystems, avionics, and flight software.

    Landon Luick, Founder, LEAP

    Landon Luick is a launch vehicle manufacturing and metal additive manufacturing engineer from Blue Origin and SpaceX. His experience includes building Falcon 9’s 1st and 2nd stages, Dragon capsule, New Shepard, and BE-4. Mr. Luick has experience leading multidisciplinary teams in electrical controls, software, optics, fluids design, mechanical design, and manufacturing engineering bringing products from early concepts to delivering final highly integrated products. In his role as COO, Mr. Luick is responsible for all build and test activities related to LEAP’s launch vehicles and rocket engines.

    Matt Shieh, Co-Founder/CEO, Canopy

    Before founding Canopy, Matt was a Captain in the U.S. Air Force and spent an 8-year career as a B-52H Weapons Officer. In this role, he flew, managed, and operated weapon systems ranging from conventional munitions to nuclear armed cruise missiles. As a supervisor and operator of Air Force weapon systems, Matt developed expertise on the technical capabilities and limitations of all weapons in the Air Force’s inventory and adjacent military branches. During this time, he also served as a mission commander on dozens of missions during combat deployments overseas. Matt then took his expertise to Europe as an Air Liaison Officer, advising NATO partners and U.S. military forces on how to utilize U.S. Air Force capabilities. He developed strategy and planned operations at the highest levels, while managing and integrating the Air Force’s tactical air controllers, known as Joint Terminal Attack Controllers (JTACs). While his background is rooted in operational experience, much of his career was spent achieving objectives through collaboration and coordination with experienced technical team members. Matt is a native of Kentucky, attended the University of Kentucky, holds an MBA from the University of Chicago, and is married with a son. He now leads Canopy, an advanced manufacturing company solving critical manufacturing challenges for the industrial base.

    Sam Smith, Co-Founder, Origami Space

    Sam Smith is an entrepreneur, engineer, and innovator passionate about advancing space technology. As a co-founder of Origami Space, Sam leads efforts to develop deployable systems for satellites, combining cutting-edge engineering with practical applications for national security and commercial markets. With a background in mechanical engineering, Sam has a track record of creating solutions that bridge technical challenges and real-world needs. Sam is also committed to education and evangelizing entrepreneurship, actively bullying his friends to start their own businesses and supporting initiatives that inspire innovation and empower future leaders.

    Key Takeaways3

    1. Milestones: Establishing a sustainable presence on the Moon begins with NASA’s Artemis program, including Orion and private lander systems.
    2. Reusable Systems: Emphasis on reusable launch vehicles and orbital logistics hubs to reduce costs and enable scalability.
    3. In-Space Manufacturing: Additive manufacturing and resource utilization in space are critical to building infrastructure.
    4. Economic Viability: Private sector engagement is necessary to commercialize space exploration and identify profitable ventures.
    5. Radiation Shielding: Advanced materials and shielding are essential for protecting humans and equipment.
    6. Lunar Resources: Using lunar water for fuel and other resources could drive the next phase of exploration.
    7. Human Adaptability: Humans play a vital role in decision-making and handling unforeseen challenges during exploration.
    8. Psychological Challenges: Long-term missions pose unique psychological challenges, including isolation and the “overview effect.”
    9. Talent Development: The space industry needs bold thinkers and fresh perspectives to push boundaries.
    10. Global Collaboration: Achieving these goals requires coordination among governments, private companies, and international partners.

    Summarized Panel Transcript:4

    Panel Introduction

    Our next panel topic is expansive, so much so that we decided to split it into two parts—one before lunch and one immediately afterward. This year, the panel focuses on humanity’s journey to the Moon and beyond. It explores the challenges and breakthroughs shaping our interplanetary future, featuring visionary leaders in aeronautics, space navigation, and interplanetary missions. Together, they highlight cutting-edge technologies and collaborative efforts paving the way for a sustainable future in space.

    Discussion Highlights

    The panel kicked off with a key question: What are the milestones necessary to establish a sustainable human presence on the Moon and beyond?

    Rob Chambers emphasized that the journey begins with flying humans aboard the Orion spacecraft. NASA has outlined clear objectives, starting with returning humans to the lunar surface using systems like Orion and landers from Blue Origin and SpaceX. However, Rob pointed out that rockets and launch systems are just tools—they are only enablers for accomplishing broader objectives. True sustainability will depend on building infrastructure, developing advanced materials, and creating supply chain solutions.

    Landon Luick discussed the importance of reusable launch systems and highlighted the need for an evolved architecture for space logistics. “We need to stop building bigger rockets for direct flights and instead focus on creating orbital hubs and distributed systems,” Landon stated. He likened it to developing an efficient airline network rather than relying solely on direct routes. This approach, he argued, will allow the Moon to serve as a gateway for deeper space exploration.

    Matt McCann expanded on the significance of solving manufacturing challenges in space. He highlighted Canopy Aerospace’s role in developing new materials and processes for sustainable manufacturing. “To build a space economy, we must innovate at every level—from materials to systems to the entire supply chain,” Matt explained.

    Sam Smith spoke about the need for commercialization in space exploration. While much of the funding currently comes from governments, long-term sustainability will require viable commercial markets. He pointed out that human ingenuity has always found ways to turn exploration into profitable ventures, and the Moon will be no exception.

    Technological Challenges and Solutions

    The discussion transitioned to the practical challenges of space exploration. Rob Chambers mentioned that shielding spacecraft from radiation and micrometeoroids remains a major hurdle. He noted that materials science and construction technologies must evolve to provide the necessary protection without compromising weight and cost.

    Landon highlighted the need for scalable manufacturing and infrastructure. “Instead of sending everything from Earth, we must develop the capability to use resources available on the Moon and in space,” he said. This includes using lunar regolith for construction and creating fuel depots in orbit. He also pointed out the inefficiency of the current system: “Right now, launching from Earth is like trying to deliver a single refrigerator using a semi-truck. We need tailored solutions for each stage of space logistics.”

    Matt McCann elaborated on additive manufacturing as a game-changer for space exploration. “With 3D printing, we can produce complex components in space using locally sourced materials,” he said. This technology could significantly reduce the cost and logistical challenges of space missions while enabling on-demand production of critical parts.

    Sam Smith emphasized the importance of a clear vision to avoid “random acts of development.” He shared insights from his work on C2 Aerospace’s strategies, which focus on integrated solutions for national security and commercial markets. “We need coordinated efforts to ensure resources are allocated to projects with the highest potential impact,” he argued.

    Commercial Opportunities

    The panel discussed the economic aspects of space exploration. Landon stated that while much of the focus has been on government-funded projects, commercial opportunities are beginning to emerge. “We’re at the cusp of a new era where private companies can play a significant role in the space economy,” he noted. Potential markets include satellite deployment, in-space manufacturing, and resource extraction.

    Matt McCann provided an example of how the Moon could serve as a hub for deeper exploration. “If we can crack water on the Moon into hydrogen and oxygen, it could revolutionize fuel production for spacecraft,” he said. This concept, known as the “water-based economy,” could make interplanetary travel more feasible.

    Rob Chambers cautioned against over-reliance on any single solution. “Sustainability will require a multi-faceted approach, from mining lunar resources to developing modular systems that can adapt to various missions,” he explained. He also stressed the importance of learning from past projects and applying those lessons to new initiatives.

    Human vs. Robotic Exploration

    The panel debated the roles of humans and robots in space exploration. Rob Chambers argued that while robots are invaluable for certain tasks, there’s no substitute for human ingenuity in complex or unexpected situations. “Robots are great for routine operations, but humans excel at problem-solving and adapting to the unknown,” he said. He shared an anecdote about a geologist astronaut who identified a crucial rock sample that a robot would have overlooked.

    Landon added that as space exploration extends further from Earth, the need for autonomous decision-making increases. “Communication delays make it impractical to rely on Earth-based control for missions beyond Mars,” he said. However, he acknowledged the challenges of keeping humans alive in deep space, from radiation exposure to the psychological effects of isolation.

    Sam Smith highlighted the human drive for exploration. “Hundreds of thousands of people would volunteer to go to space, even knowing the risks,” he said. He argued that this spirit of adventure is essential to pushing the boundaries of what’s possible.

    Sustainability and Long-Term Vision

    Rob Chambers addressed the critical need for sustainability in space exploration. “We can’t keep relying on Earth for every resource. Developing the ability to use lunar and in-space materials is paramount,” he stated. He also mentioned the need for standardized infrastructure, such as modular components that could be reused or repurposed across different missions.

    Landon spoke about the importance of reducing costs and increasing efficiency in getting to low Earth orbit (LEO). “LEO is the gateway to everywhere else. Once we commoditize access to LEO, the rest of the solar system becomes much more accessible,” he explained. He also suggested that commercial opportunities, such as in-space manufacturing and satellite servicing, would drive investment and innovation.

    Matt McCann emphasized that sustainability must include not only physical infrastructure but also economic models. “We need to figure out what products or services can generate revenue in space. Whether it’s mining, manufacturing, or tourism, the private sector will play a key role in making space exploration financially viable,” he argued.

    Sam Smith shared his vision for how the Moon could become a stepping stone for deeper space exploration. “I see the Moon as a port city for the cosmos—a place where humanity can establish a foothold before venturing further,” he said. He highlighted the need for international collaboration and strategic partnerships to achieve this vision.

    Psychological and Health Challenges

    The panel also touched on the psychological and physiological challenges of long-term space travel. Rob Chambers described the “overview effect” experienced by astronauts, a profound shift in perspective when seeing Earth from space. He speculated that the psychological effects might intensify as humans venture further into the solar system. “Imagine being on Mars and seeing Earth as just a faint dot in the sky. That level of disconnection will pose unique challenges,” he said.

    Landon raised concerns about the unknown effects of reduced gravity on the human body. “We’ve studied microgravity extensively, but we don’t yet know the long-term impacts of living in environments like the Moon’s 1/6 gravity or Mars’s 1/3 gravity,” he explained. He stressed the importance of conducting further research before committing to permanent settlements.

    Matt McCann added that health risks extend beyond gravity. “Radiation, limited medical supplies, and psychological isolation are all major hurdles,” he said. He suggested that advances in medical technology and virtual reality could help mitigate some of these issues.

    Encouraging New Talent

    The panel closed with advice for those looking to enter the space industry. Matt McCann encouraged young professionals to “jump in with both feet.” He said, “The first job you take may not be perfect, but it will teach you invaluable lessons that will shape your career.”

    Sam Smith echoed this sentiment, emphasizing the importance of being opportunistic. “Find a problem you’re passionate about solving and go after it. The space industry needs bold thinkers who are willing to take risks,” he said.

    Rob Chambers encouraged collaboration and innovation. “We need fresh perspectives to push the boundaries of what’s possible. Don’t be afraid to challenge the status quo,” he advised.

    Final Thoughts

    The panelists agreed that humanity’s journey to the Moon and beyond is not just about technology—it’s about vision, collaboration, and the indomitable human spirit. As Sam Smith put it, “People are the economy. If there are people who want to live and work in space, we will find a way to make it happen.”

    The session concluded with a brief Q&A, where the panelists reiterated the importance of urgency, calculated risks, and collective efforts in advancing space exploration. Chris Pearson thanked the panelists and audience for an engaging and thought-provoking discussion, setting the stage for the exciting future of humanity in space.

    Follow-Up Questions

    1. How can lunar regolith be efficiently processed to produce construction materials or fuel on the Moon?
    2. What are the long-term physiological effects of living in reduced gravity environments, and how can they be mitigated?
    3. How can AI and autonomous systems optimize the logistics of interplanetary exploration?
    4. What innovations are needed to create a fully sustainable water-based economy on the Moon?
    5. How should governments and private sectors collaborate to accelerate the commoditization of access to LEO?

    Glossary of Terms

    1. Artemis Program: NASA’s initiative to return humans to the Moon and establish a sustainable presence.
    2. Orion: NASA’s spacecraft designed for deep space exploration.
    3. Lunar Regolith: Moon soil used as a resource for construction and manufacturing.
    4. Additive Manufacturing (AM): 3D printing techniques used for producing complex parts.
    5. Reusable Launch Vehicle (RLV): Rockets designed for multiple uses, reducing costs.
    6. LEO (Low Earth Orbit): An orbit close to Earth, serving as a gateway for deeper space missions.
    7. Delta-V: A measure of the velocity change needed for spacecraft maneuvers.
    8. Water-Based Economy: Concept of using lunar water for fuel and other applications.
    9. Microgravity: Near-weightless condition experienced in space.
    10. Radiation Shielding: Protection against harmful space radiation.
    11. Satellite Servicing: Maintenance and repair of satellites in orbit.
    12. In-Space Manufacturing: Production of goods in microgravity or space environments.
    13. Sustainability: The ability to maintain operations with minimal reliance on Earth resources.
    14. Overview Effect: A cognitive shift experienced by astronauts viewing Earth from space.
    15. ISRU (In-Situ Resource Utilization): Using local resources, such as lunar regolith, for construction.
    16. Propellant Depots: Orbital stations for refueling spacecraft.
    17. Distributed Logistics: Systems optimizing space transportation and resource use.
    18. Mars Analog: Simulated environments on Earth used for testing Mars-like conditions.
    19. Space Tourism: Commercial travel for non-professional astronauts.
    20. Interplanetary Exploration: Missions targeting planets beyond Earth.
    1. From: https://coloradosbr.org/2024-roundup-program/#habitation1 ↩︎
    2. From: https://coloradosbr.org/2024-roundup-program/#habitation1 ↩︎
    3. Transcript built using Apple Voice Memos and Apple Intelligence transcription. Transcript proof read, edited, summarized, analyzed by https://chatgpt.com/ ↩︎
    4. Transcript built using Apple Voice Memos and Apple Intelligence transcription. Transcript proof read, edited, summarized, analyzed by https://chatgpt.com/ ↩︎
  • Leading the Business Innovation Value Proposition Pitching Workshop at the NASA/Starburst Aerospace Space-H Accelerator

    Leading the Business Innovation Value Proposition Pitching Workshop at the NASA/Starburst Aerospace Space-H Accelerator

    Thanks to the teams at Starburst Aerospace, NASA’s Human Research Program, the Translational Research Institute for Space Health (TRISH), Methuselah Foundation, and Microsoft Federal for hosting me to lead the inaugural Space-H Space Health Accelerator cohort in a workshop on the nuances of Business Innovation Value Proposition Pitching. A few notes from our engaging session:

    Workshop Summary1

    Jeffrey Donenfeld, an experienced investor and business strategist, presented insights on venture capital financing and investor relations to a group of early-stage startup representatives. The presentation covered the venture capital financing lifecycle, effective communication of value propositions, and strategies for navigating investor relationships. Donenfeld emphasized the importance of articulating clear value propositions, understanding market positioning, and maintaining regular investor communications. The session also included discussions on various funding sources, including non-dilutive options, and the pros and cons of different financing strategies for startups at various stages of growth.

    Introduction and background of Jeffrey Donenfeld

    • Jeffrey Donenfeld introduced himself as a lifelong technologist and science enthusiast, as well as a business and venture investing strategist, focusing on building the future of humanity through technology and business innovation.
    • Donenfeld shared his experience working with the National Science Foundation in Antarctica at the South Pole, where he served as an EMT in the medical clinic and helped build scientific instruments including a neutrino telescope and a microwave telescope.
    • Prior to starting Echo Mesa and consulting, Donenfeld was the Investment Director at Boomtown Accelerators in Boulder, where he managed deal flow and investment funnel for 12 different accelerators, made about 120 investments, and built a portfolio worth approximately $500 million.
    • Donenfeld emphasized his extensive experience in evaluating pitches, from reading applications to conducting initial interviews and making final investment decisions with executive boards.

    Goals and structure of the presentation

    • The main goal of the presentation was to provide insights on presenting to future investors, business partners, and network contacts, aiming to help attendees carry conversations forward effectively.
    • The presentation was structured into three main sections: 1) Understanding general positioning within the US Venture landscape, 2) Demonstrating value proposition, and 3) Assessing fundraising options and fundraising value proposition.
    • The final part of the presentation focused on building an effective pitch for investors and network contacts, synthesizing the information from the previous sections.
    • Donenfeld offered to provide access to his AI notes on Fellow, a collaborative note-taking platform, and promised to share a PDF version of the presentation deck with attendees for later reference.

    Navigating the Gartner Hype Cycle and AI in healthcare

    • Jayant Menon from Nahlia(?) discussed their work on an autonomous healthcare system for astronauts in deep space, noting that the field of AI in healthcare is currently in the ‘trough of disillusionment’ phase of the Gartner hype cycle.
    • The discussion highlighted that economics, rather than technology alone, is a significant driver in healthcare innovation. Menon suggested that the path to enlightenment in AI healthcare applications seems to be extending further with each cycle.
    • Jeffrey Donenfeld inquired about Nahlia(?)’s positioning, asking if they consider their product a VR play, an AR play, a health tech play, an AI play, or an EdTech play, highlighting the multifaceted nature of their autonomous healthcare system for emergency situations.
    • Donenfeld suggested that incorporating different technologies at various points in the hype cycle could help keep a company on a high wave while navigating through low troughs.
    • Gartner’s specific hype cycles for various industries, including a health tech hype cycle for US healthcare payers in 2024, were mentioned as useful tools for setting business development goals and understanding positioning for talking to payers.

    Effective Communication of Value Proposition

    • Jeffrey Donenfeld emphasized the importance of being able to streamline and slim down the company’s value proposition for efficient communication in conversations and written materials.
    • The Heilmeier Catechism, a tool used by DARPA, was introduced as a method for communicating a company’s value. It includes questions about what the company is trying to do, how it’s done today, the new approach, who cares, risks, costs, timeline, and how success will be measured.
    • A distilled version of the value proposition was presented, focusing on identifying the target customer, providing a solution name or brand description, explaining what it does, and comparing it to the competition.
    • Kate Nelson highlighted the importance of differentiation from competition, especially for companies working on bleeding-edge technology where competition might be stealthy or limited.
    • Donenfeld emphasized the value of a company demonstrating knowledge of their competition, even in cutting-edge fields where competitors might not be publicly known.

    Company value propositions and product discussions

    • Nanotics’ value proposition was discussed, highlighting their platform technology that depletes targets from blood rather than adding molecules. They target ‘undruggable’ targets and offer better therapeutic index compared to conventional drugs, addressing limitations of antibody drugs.
    • Nanotics is developing solutions for cancer, sepsis, cardiovascular disease, and neurodegenerative diseases. They have 38 granted patents on their technology, which intervenes at the information level rather than the cellular level.
    • Innsightful presented their mental health solution for organizations, which leverages wearable technology and AI to track mental health symptoms and deliver just-in-time therapy. Their solution provides real-time monitoring of symptoms and identifies the most effective interventions.
    • The discussion touched on the use of generative AI, autonomous agents, and digital twins in healthcare, focusing on how these technologies can assist in austere situations where an expert needs to know the next step.

    Venture capital financing lifecycle and funding sources

    • Jeffrey Donenfeld presented the venture capital financing lifecycle, illustrating different stages from discovery to exit and tracking who companies should be raising money from at each stage.
    • Special Purpose Vehicles (SPVs) were highlighted as an increasingly popular tool for venture funds and companies to limit liability and market exposure. The pros and cons of using SPVs for early-stage funding were discussed, considering the cost (around $8,000-$10,000) relative to the amount being raised and the company’s valuation.
    • Investment syndicates were discussed as another funding option, with Denver Angels mentioned as an example using a syndicate model to identify opportunities and raise funds from their network of investors on a per-investment basis.
    • Non-dilutive funding sources were discussed, including SBIR and STTR grants for early-stage companies, as well as municipal and city grants. Various funding sources for manufacturing and delivery were mentioned, including Department of Defense (DoD) grants, DARPA(?), Defense Innovation Unit (DIU), and the Office of Strategic Capital (OSC).
    • Family offices and family funds were discussed as potential funding sources, typically fitting between seed and Series A funding, but their placement can vary depending on the amount of funding provided.

    Investor Relations and Communication Strategies

    • Mahmoud Zubaidi from Gattaco(?) expressed concerns about investor questions regarding traction, noting that investors seem to be focusing more on advanced companies and less on early or risky ventures.
    • Jeffrey Donenfeld advised that while traction isn’t always necessary, startups need to articulate how they plan to gain traction and demonstrate viability. He emphasized the importance of showing deep market awareness, understanding past failures in the industry, and explaining how the company plans to succeed.
    • Donenfeld suggested using the ‘Halmark hashism(?)’ approach, which involves outlining midterm and final exams to check for success. He recommended breaking down the roadmap into clear, achievable steps and being transparent about progress and challenges.
    • The importance of regular investor updates was highlighted. Donenfeld mentioned that some startups use Notion to streamline these updates, providing timelines, roadmaps, and honest assessments of progress, including areas where they might be behind schedule.
    • Louis Hawthorne shared that their company, which has 30 investors on the cap table, uses a quarterly newsletter called ‘nanot News’ to keep investors informed and satisfied.
    • Donenfeld encouraged attendees to connect with him on LinkedIn and offered to make introductions within his network, requesting that any introduction requests be well-researched and relevant to ensure high-quality connections.
    1. Summaries and notes generated by Fellow.app AI NoteTaker ↩︎
  • Costa Rica, 2024

    Costa Rica, 2024

    Exploring the tides of Costa Rica in October of 2024. Serene, wet.

  • Extreme Ownership – Jocko Willink, Leif Babin

    Extreme Ownership – Jocko Willink, Leif Babin

    I read “Extreme Ownership: How U.S. Navy SEALs Lead and Win” by Jocko Willink, Leif Babin – and while it wasn’t the most deep or detailed self help/management/leadership thesis, I appreciated the simple, straightforward, actionable take on leadership and management. Although at first the moderately self-aggrandizing stories of military missions and “bad assery” seemed like a bit much and over the top, I came to appreciate the stories – both for providing a quick break from self-help advice land, and also as a backstop to illustrate the core principles being discussed. Overal, a worthwhile read, or as I did, audiobook listen on 1.5x. 4/5 stars.

    This book explains the SEAL leadership concepts crucial to accomplishing the most difficult missions in combat and how to apply them to any group, team, or organization. It provides the reader with Jocko and Leif’s formula for success: the mindset and guiding principles that enable SEAL combat units to achieve extraordinary results. It demonstrates how to apply these directly to business and life to likewise achieve victory.

  • How To Sell Your Aerospace & Defense Business – Discussion and Notes

    How To Sell Your Aerospace & Defense Business – Discussion and Notes

    Aerospace and SpaceTech startups are growing rapidly, and at some point, they become good candidates for a sale. This morning at Holland & Hart in Denver, the Colorado Space Business Roundtable hosted an interesting panel discussion on the topic.

    My key takeaways from the discussion:

    • Be ready to sell at any moment.
    • Understand the nuances of selling stock, selling assets, contracts, etc.
    • Consider the implications of current government contracts in a sale.

    Participants:

    • Carter Freeman, vcfo Denver’s Vice President – panel moderator
    • Mike Dill – Partner at Holland & Hart
    • Sarah Ehrhardt – Senior Wealth Strategist at PNC Private Bank
    • David Hollenbach – President and General Manager at DSoft Technology
    • Karri Palmetier – Founder at Palmetier Law
    • Adams Price – Investment Banker at Aptum Capital Advisors
    Carter Freeman, Mike Dill, Sarah Ehrhardt, David Hollenbach, Karri Palmetier, and Adams Price discuss buying and selling aerospace, spacetech, and defense companies.

    Additional notes, questions, and discussion points…1

    General Summary:

    The panel discussion, titled “How to Sell Your Aerospace and Defense Business,” gathered a group of seasoned professionals in law, investment banking, wealth management, and company leadership to discuss the critical considerations and strategies involved in selling an aerospace and defense company. They highlighted the importance of proper planning, from financial diligence to cultural alignment, emphasizing that preparing for a sale is a long-term process requiring clear objectives and thorough organization. They also discussed the complexities specific to government contractors, such as compliance with regulations, the novation process, and the handling of Small Business Innovation Research (SBIR) contracts.

    Main Topics:

    1. Strategic Planning and Timing for Selling:

    • Sellers must have a clear understanding of their goals and objectives, such as maximizing value or ensuring the company’s legacy.
    • The panel emphasized the importance of long-term planning, noting that preparing a business for sale can take up to two years, including steps like ensuring financial organization and assembling a team.
    • The right exit strategy must account for factors like employee retention, customer relationships, and timing to maximize valuation.

    2. Financial and Legal Due Diligence:

    • Financial due diligence is critical in preparing for a sale, including getting a third-party analysis of earnings, liabilities, and cash flow.
    • Legal diligence, particularly for aerospace and defense companies, involves complex contracts and regulatory compliance issues. The panel discussed the need to have all documentation organized and easily accessible.
    • For government contractors, navigating the novation process for contracts can take up to 18 months, requiring advanced planning.

    3. Importance of Cultural Fit and Management Team:

    • The alignment between company cultures is a significant factor in the success of mergers and acquisitions. The buyer must feel confident that the culture of the acquired company fits well with theirs.
    • Maintaining a strong, cohesive management team is critical, as often the leadership stays on after the sale to help with integration.

    4. Government Contracts and Compliance:

    • Aerospace and defense businesses with government contracts face additional challenges, such as compliance with SBIR rules, export controls, and ownership regulations.
    • The panel explained the complexity of selling a company with government contracts, especially when dealing with classified contracts or SBIR-funded technology.
    • Sellers should prepare for potential delays due to government approval processes and ensure they understand how contracts will be affected by the sale.

    5. Structuring the Sale:

    • Asset sales vs. stock sales: Buyers often prefer asset sales to limit liabilities, while sellers prefer stock sales for tax benefits. This structural decision significantly impacts the sale process.
    • Warranties and indemnities: Sellers can mitigate some risks through representations and warranties insurance, which covers unknown liabilities.
    • Running a competitive process: To achieve the best terms and valuation, sellers are encouraged to foster competition among multiple potential buyers.

    Follow-Up Questions:

    1. Cultural Integration Post-Sale: What are the key steps in aligning company cultures during the integration phase after the acquisition, especially when the buyer is not local or has a different business structure?
    2. SBIR Contracts: How can a company mitigate the risks associated with SBIR contracts when selling to a larger business that may not be eligible for future phases of the contract?
    3. Regulatory Delays: Given the potential for long delays in novating government contracts, what contingency plans should sellers put in place to manage operations during the transition?
    4. Managing Financial Expectations: How should sellers handle a situation where their financial projections or performance changes during the due diligence period? What strategies can be used to avoid a deal falling through due to these changes?
    5. Competitive Sale Process: How can smaller aerospace companies ensure they maintain competitive pressure during the sale process, particularly in a market where larger buyers might dominate?

    Additional Discussion Considerations:

    • Impact of AI on Due Diligence: As AI tools develop, there is a growing role for AI in streamlining contract reviews and diligence processes, though government contracts remain challenging. Sellers should stay updated on emerging AI solutions to improve efficiency during sale negotiations.
    • Tax Law Changes in 2026: Sellers should be aware of upcoming changes to tax laws that could significantly affect their net proceeds from the sale. The looming expiration of tax cuts in 2025 may influence decisions to accelerate the sale process to minimize tax liabilities.
    • Foreign Ownership Issues: With increasing scrutiny on foreign ownership and control, particularly in the aerospace and defense sectors, sellers need to assess potential buyers’ backgrounds carefully. They may need to navigate additional regulatory approvals, especially for businesses with sensitive technology.
    • Use of Representations and Warranties Insurance: As this insurance becomes more common in transactions, sellers can use it to reduce the amount held in escrow, thus improving cash flow post-sale while protecting against unknown liabilities.
    • Export Control and Compliance: Companies with export-controlled technology should plan for the additional time and cost of compliance reviews, especially when dealing with foreign buyers. A failure to secure the necessary export licenses early in the sale process can derail the deal.

    In summary, selling an aerospace and defense business involves multifaceted planning across legal, financial, cultural, and regulatory domains. A proactive approach, supported by a skilled advisory team, can significantly improve the likelihood of a smooth and successful transaction.

    1. Summary, notes, questions, and discussion points generated with ChatGPT 4o, based on discussion transctiption made by iOS voice recorder. ↩︎
  • Space Economy: Colorado’s Role As A SpaceTech Leader with Cody Moore of Caruso Ventures

    Space Economy: Colorado’s Role As A SpaceTech Leader with Cody Moore of Caruso Ventures

    Cody Moore of Caruso Ventures speaks at Denver Startup Week 2024

    This week I attended the Colorado Space Economy talk, monderated by Brad Bernthal of Silicon Flatirons.

    Via Denver Startup Week: “Starting with an overview of how universities, government initiatives, and public sector partnerships bolster Colorado’s position in the space economy, this session features insights from founders about the state’s emerging leadership in SpaceTech. It explores the exciting developments happening now and how Colorado’s innovative spirit, strong government ties, and research initiatives are driving its leadership. Discover how Colorado is making its mark in today’s space economy and explore the opportunities that lie ahead.”

    Denver Startup Week 2024 Deck – Space Economy – Colorado Role As A SpaceTech Leader

    Discussion participants:

    Key takeaway:

    Colorado is a great place for aerospace, space, and defense technology development and venture investment, and business development powered by the close proximity of manufacturing, scientific innovation, and military dual use support.

    Colorado Aerospace Discussion Notes1:

    Keynote – Cody Moore

    Colorado is rapidly emerging as a leading hub for the space economy, with significant growth and a robust ecosystem that includes startups, major aerospace firms, and educational institutions. The state’s unique positioning, both geographically and economically, has made it an attractive environment for innovation and investment in space technology. The sector’s potential mirrors the explosive growth seen in the telecom and fiber industries of the 1990s, with projections indicating a $1.8 trillion global space economy within the next decade. Colorado’s infrastructure, talent pool, and proximity to key defense and aerospace institutions make it a critical player in this expanding field.

    1. Exponential Growth of the Space Economy: Colorado’s space economy is expected to grow in tandem with the global space market, projected to reach $1.8 trillion in the next decade. Investment and M&A opportunities are drawing increasing attention, akin to the telecom boom of the 90s.

    2. A Thriving Ecosystem of Space Companies: Colorado hosts a broad range of aerospace and space technology companies, from established giants like Lockheed Martin and Sierra Space to scaling startups like Lunar Outpost. The state’s supportive ecosystem, with key customers, universities, and research institutions, fosters innovation and growth.

    3. Talent Attraction and Retention: The state is a magnet for high-skilled talent, particularly in aerospace engineering and space technology. Universities like CU and CSU produce top-tier talent who are eager to remain in Colorado due to the quality of life and professional opportunities, further strengthening the space industry’s foundation in the region.

    Panel Discussion

    The panel discussion on the Colorado space economy highlighted the significant role the state plays in advancing space innovation, talent acquisition, and industry growth. The speakers explored the unique geographical advantages that Colorado offers, particularly with its highly concentrated aerospace ecosystem and collaborative culture. They emphasized how the local talent pool, strategic partnerships, and funding opportunities have bolstered the space sector’s expansion. The discussion also touched on the evolving nature of the space industry, including the shift from traditional top-down approaches to more agile and collaborative methods that incorporate startups and scale-ups.

    1. Geographical Advantage of Colorado: Colorado’s aerospace cluster is a key factor in its space industry success. Proximity to top universities, research institutions, and aerospace companies creates a synergy that accelerates innovation. The panelists stressed that geography matters in terms of talent recruitment, customer access, and collaboration with local companies on technical and regulatory challenges.

    2. Collaboration Across the Ecosystem: The state’s space ecosystem benefits from close-knit relationships between companies, universities, and government agencies. The panel highlighted the increase in collaborative efforts in recent years, particularly among startups, scale-ups, and established primes. This collaborative spirit has led to faster problem-solving and has fostered innovation in areas like regulatory compliance, manufacturing processes, and technology development.

    3. Shift in Industry Dynamics: Over the past decade, the space industry has transitioned from rigid, top-down processes dominated by large defense primes to a more dynamic and collaborative environment. Companies like SpaceX have driven this shift, compelling traditional players to adopt more agile approaches. The industry has become more open to partnerships with smaller firms, fostering a spirit of innovation and speed in both commercial and military space applications.

    4. Funding Opportunities and Regional Investment: Colorado’s funding landscape has evolved, with local investors showing increased interest in aerospace ventures. The discussion emphasized that while venture capital is traditionally concentrated on the coasts, Colorado is seeing growth in local investment initiatives. This, combined with federal programs like the Small Business Innovation Research (SBIR) grants, is helping startups secure the funding necessary to scale.

    5. Technological Innovation and Space Sustainability: The panel also explored critical technological advancements emerging from Colorado’s space sector, including innovations in propulsion systems and sustainable space operations. Companies in the region are working on technologies that address key challenges such as space debris management and environmentally friendly rocket fuel, underscoring Colorado’s contribution to global space sustainability efforts. 

    In summary, the panel reinforced Colorado’s critical role as a hub for space innovation and collaboration. The state’s strong ecosystem of talent, strategic partnerships, and investment is fueling growth in both commercial and defense space sectors.

    1. Notes produced with iOS 18 voice notes transcription and ChatGPT. ↩︎
  • Touring Ursa Major’s Rocket Factory with CEO Joe Laurienti

    Touring Ursa Major’s Rocket Factory with CEO Joe Laurienti

    This week, I had the opportunity to take a tour of rocket engine maker Ursa Major‘s headquarters in Berthoud, Colorado, lead by their CEO Joe Laurienti. Thanks to Joe and the rest of the team for the in-depth discussion of Ursa Major’s technology, outlook on the industry and future of humanity in space, and emerging business opportunites. Although I wasn’t allowed to take photos or video, here’s a quick rundown of a few of the key topics we covered during the tour:

    Key Discussion Topics:

    1. Facility Overview and History:
      • The site, initially designed for environmental testing by Ball Aerospace, has undergone several transformations, including a period where it was used for munitions manufacturing. Ursa Major acquired it, repurposing it into a cutting-edge rocket engine production facility.
    2. Engine Production and Capabilities:
      • The tour showcased the production lines for Hadley, Ripley, and Draper engines. Highlights included the 3D printing of major engine components using proprietary alloys, allowing for unprecedented design flexibility and performance optimization. The Ripley engine, notable for its high-pressure kerosene fuel system, represents a significant advancement in American rocket technology.
    3. Innovative Manufacturing Techniques:
      • A substantial focus was on the use of 3D printing for engine parts, including the complex geometries and high-performance materials like Inconel and copper alloys. This approach significantly reduces part count and assembly time compared to traditional methods.
    4. Testing and Iteration:
      • Ursa Major’s approach emphasizes rapid prototyping and testing, with a facility capable of supporting extensive test campaigns. The integrated testing and manufacturing capabilities allow for quick iterations, vital for the development of cutting-edge technologies like hypersonic engines.
    5. Future Developments and Applications:
      • The discussion covered potential applications for their engines in both space and hypersonic domains, driven by interest from the U.S. Air Force and the Space Force. The Draper engine, designed for tactical responsiveness, highlights Ursa Major’s focus on meeting defense needs while pushing the boundaries of propulsion technology.

    Overall, the tour highlighted Ursa Major’s innovative approach to rocket engine development, from advanced materials and 3D printing to integrated testing and rapid iteration, positioning the company at the forefront of aerospace propulsion technology.

    For a great in-depth look at Ursa Major’s Berthoud HQ, check out Tim Dodd’s excellent tour video:

  • Discussing the SpaceX Starship IFT4 Test Flight with Mach33 Financial Group

    Discussing the SpaceX Starship IFT4 Test Flight with Mach33 Financial Group

    Thanks to Aaron Burnett and the rest of the Mach33 Financial Group team for hosting an engaging live audio chat this morning directly after the exhilerating SpaceX Starship IFT4 test flight. Honored to be a part of the group, and glad we could cover these general topics, as well as others. Participants included: Alexander Darvishian – Mach33, Ryan Duffy – Array Labs, Christopher Reichelt – Mach33, Vlad Saigau – Mach33, Aaron Burnett – Mach33.

    Starship IFT4 Conversation Topics

    • Flap heating and burnthrough
    • Roll controll thrusters
    • Increased stringers for rigidity
    • Hot staging ring
    • Concept that Starship is an experimental platform still – lots of testing
    • Starlink utility, advertising, and impacts on the industry
    • Starlink direct to device
    • SpaceX building demand for commercial launch capability
    • Stainless steel durability
    • Indusry ripple effects
    • Private investment thesis and opportunities
    • Impacts of media availabilty on public interest
    • Starship vs Starliner streaming audience
    • Predictions on activities for IFT5, 6, 7
      • Jeffrey Donenfeld’s prediction (as of 2024-06-06 14:49Z is IFT5 will survive reentry heating intact and complete soft water landing, will also demonstrate on-orbit relight, and cycle payload deployment door, IFT6 will deploy Starlink satellites in addition to soft precision water landing, IFT7 will deploy Starlink and make an attempt at chopsticks landing.

    Test Flight Briefing from SpaceX:

    The fourth flight test of Starship is targeted to launch Thursday, June 6 from Starbase in Texas. The 120-minute test window opens at 7:00 a.m. CT.

    A live webcast of the flight test will begin about 30 minutes before liftoff, which you can watch here and on X @SpaceX. The launch window will open as early as 7 a.m. CT. As is the case with all developmental testing, the schedule is dynamic and likely to change, so be sure to stay tuned to our X account for updates.

    Starship’s third flight test made tremendous strides towards a future of rapidly reliable reusable rockets. The test completed several exciting firsts, including the first Starship reentry from space, the first ever opening and closing of Starship’s payload door in space, and a successful propellant transfer demonstration. This last test provided valuable data for eventual ship-to-ship propellant transfers that will enable missions like returning astronauts to the Moon under NASA’s Artemis program.

    The fourth flight test turns our focus from achieving orbit to demonstrating the ability to return and reuse Starship and Super Heavy. The primary objectives will be executing a landing burn and soft splashdown in the Gulf of Mexico with the Super Heavy booster, and achieving a controlled entry of Starship.

    To accomplish this, several software and hardware upgrades have been made to increase overall reliability and address lessons learned from Flight 3. The SpaceX team will also implement operational changes, including the jettison of the Super Heavy’s hot-stage following boostback to reduce booster mass for the final phase of flight.

    Flight 4 will fly a similar trajectory as the previous flight test, with Starship targeted to splashdown in the Indian Ocean. This flight path does not require a deorbit burn for reentry, maximizing public safety while still providing the opportunity to meet our primary objective of a controlled Starship reentry.

    The fourth flight of Starship will aim to bring us closer to the rapidly reusable future on the horizon. We’re continuing to rapidly develop Starship, putting flight hardware in a flight environment to learn as quickly as possible as we build a fully reusable transportation system designed to carry crew and cargo to Earth orbit, the Moon, Mars and beyond.

    To continue with the excitement, a few interesting snippets from around the web:

    Here’s that lighter… https://shop.spacex.com/collections/trending/products/starship-torch
  • Supply Chain Issues and Challenges: Perspectives from Aerospace Suppliers and Purchasers – Panel Discussion Notes

    Supply Chain Issues and Challenges: Perspectives from Aerospace Suppliers and Purchasers – Panel Discussion Notes

    I recently attended the “Supply Chain Issues and Challenges: Perspectives from Aerospace Suppliers and Purchasers” panel discussion, organized and hosted by Holland & Hart, and co-sponsored by NDIA, VCFO, and CSBR. This panel discussion underscored the complexities and dynamic opportunities within the aerospace and defense industries, providing valuable insights for navigating the evolving landscape.

    Panelists:

    Key Discussion Topics:

    1. Supply Chain and Partnerships:
      • Eric elaborated on Lockheed Martin’s strategic shift towards fostering partnerships with suppliers, highlighting investments in technology development with smaller companies such as ten deg. The emphasis was on the importance of collaboration and innovation within the supply chain ecosystem.
    2. Government Regulations and Small Business Requirements:
      • The panelists discussed the impact of government regulations, inflation, and the necessity for skilled workers on the supply chain. The conversation underscored the need for businesses to adhere to critical certifications and cybersecurity measures to remain competitive.
    3. Industry Trends and Challenges:
      • The impact of the 2024 NASA budget cuts was examined, along with the differing management styles required for government versus commercial projects. The panelists also addressed the ongoing consolidation within the industry, driven by venture capital and private equity investments.
    4. Future of the Aerospace Industry:
      • The panel emphasized the growing importance of space exploration and technology, noting that continuous innovation and adaptation to new market demands are imperative for future success.
    5. Navigating Talent and Remote Work:
      • The challenges and opportunities associated with remote work and talent acquisition in the post-COVID landscape were discussed. The conversation highlighted how the shift to remote work has affected productivity and the mobility of the workforce.

    Followup Questions and Thoughts

    A few items I feel are relevant do consider, given the topics covered during this discussion

    • How can aerospace and defense companies better manage the balance between in-house production and outsourcing to maintain innovation and cost-efficiency?
      • Aerospace and defense companies can manage this balance by adopting a hybrid approach, wherein they retain core, proprietary technologies and capabilities in-house while outsourcing non-core activities to specialized suppliers. This allows for maintaining control over critical innovations while leveraging the cost and expertise advantages of external suppliers. Strategic partnerships and long-term agreements with trusted suppliers can ensure consistent quality and innovation. Additionally, implementing robust supplier relationship management (SRM) systems can facilitate seamless coordination and integration between in-house and outsourced activities.
    • What strategies can small businesses employ to meet the stringent requirements of large primes like Lockheed Martin while maintaining their agility?
      • Small businesses can adopt several strategies to meet these requirements, including obtaining necessary certifications (e.g., ISO 9001, AS9100), investing in cybersecurity measures, and developing robust quality management systems. Building strong relationships with primes through transparency, reliability, and excellent performance on small contracts can pave the way for larger opportunities. Participating in mentorship and protege programs offered by primes can provide guidance and resources to meet stringent requirements. Additionally, small businesses should focus on niche areas where they can offer unique value and innovation, thus differentiating themselves from larger competitors.
    • How will the recent budget cuts at NASA and other governmental organizations impact the long-term projects and partnerships in the aerospace industry?
      • Budget cuts at NASA and other governmental organizations are likely to lead to prioritization of high-impact and mission-critical projects, potentially delaying or scaling down other initiatives. This could result in reduced funding for research and development, impacting innovation in the industry. Long-term partnerships may face challenges as funding uncertainties create instability. Companies may need to seek alternative funding sources, such as private investments, to sustain ongoing projects. Collaboration with international space agencies and commercial space ventures could also help mitigate the impact of budget cuts.
    • What measures can be taken to mitigate the impact of inflation on long-term contracts and agreements within the aerospace supply chain?
      • To mitigate the impact of inflation, companies can include escalation clauses in contracts that adjust prices based on predefined inflation indices. Diversifying the supply base to include multiple suppliers can reduce dependency on any single source, allowing for better negotiation leverage. Engaging in forward contracts for critical raw materials can lock in prices and reduce exposure to price volatility. Additionally, improving operational efficiencies through lean manufacturing practices and investing in technology can help offset increased costs. Regularly reviewing and adjusting pricing models in contracts can ensure they remain aligned with current economic conditions.
    • How can the aerospace industry adapt its talent acquisition and retention strategies to align with the increasing demand for remote work and the challenges of a distributed workforce?
      • The aerospace industry can adapt by embracing flexible work arrangements, including remote and hybrid work models, to attract and retain top talent. Investing in digital collaboration tools and robust IT infrastructure can support effective remote work. Offering continuous professional development and upskilling opportunities can keep employees engaged and aligned with industry advancements. Creating a strong organizational culture that fosters inclusivity, collaboration, and innovation can enhance employee satisfaction and loyalty. Additionally, implementing competitive compensation packages and benefits that cater to remote work, such as home office stipends and flexible working hours, can make the industry more attractive to a diverse talent pool.

    Production Note: Written with the help of Open AI ChatGPT 4o June 2024 version [Large language model]

  • Leading the U.S. Dept. of State International Visitor Leadership Program Science and Technology Entrepreneurship Training

    Leading the U.S. Dept. of State International Visitor Leadership Program Science and Technology Entrepreneurship Training

    I’m honored to have had the opportunity to lead a group of 16 international business leaders in the International Visitor Leadership Program Science and Technology Entrepreneurship Training seminar, conducted May 23rd 2024 at the Posner Center for International Development, hosted by World Denver. During the morning training, we covered topics including:

    • Roles of government, private enterprises, professional organizations, and universities in fostering entrepreneurship and supporting innovation.
    • Ways in which innovations are adopted and diffused into diverse sectors such as medicine, agriculture, manufacturing, and communications, and especially in non-traditional fields or less economically vibrant areas.
    • Assessment of the role of higher education in advancing technologies and empowering young people, especially women and minorities, in tech fields.
    • Nuances in addressing technological and social challenges in non-traditional sectors or less economically vibrant regions.

    IVLP at-a-glance:

    The International Visitor Leadership Program (IVLP) is the U.S. Department of State’s premier professional exchange program. Through short-term visits to the United States, current and emerging foreign leaders in a variety of fields experience this country firsthand and cultivate lasting relationships with their American counterparts. Professional meetings reflect the participants’ professional interests and support the foreign policy goals of the United States.

    Each year nearly 5,000 International Visitors come to the U.S. on the International Visitor Leadership Program (IVLP). More than 200,000 International Visitors have engaged with Americans through the IVLP, including more than 500 current or former Chiefs of State or Heads of Government.

    The U.S. Department of State International Visitor Leadership Program on Science and Technology Entrepreneurship Training showcases a diverse group of participants from across the globe, each bringing unique geographic and professional backgrounds.

    Barbados:
    Mr. Shannon Clarke, based in Christ Church, is the Director of Carepoint Solutions and Principal Software Developer at Konabos. His work primarily focuses on developing software for healthcare and fostering tech innovation in Barbados through hackathons and mentorship programs.

    Democratic Republic of the Congo:
    Miss Sharon Rose Kapinga Kabulwe from Kinshasa is the Student President at the University of Kinshasa and works with EXPUN/DRC. She is engaged in developing a revolutionary respirator and protective visors for healthcare professionals using 3-D printing, demonstrating a strong commitment to improving healthcare in the Congo.

    Cote d’Ivoire:
    Ms. Assamala Ingrid Ruth Epezagne, based in Abidjan, is a Telecom engineer and the Regional Director for Africa, Francophone and Arab Countries at the African Agribusiness Incubator Network (AAIN). She is a multilingual entrepreneur supporting agricultural and ICT sectors across Africa.

    India:
    Mr. Nasif Naduvileveedu Muhammed Najeeb, without a primary address listed, leads programs and initiatives at the Kerala StartUp Mission. His role involves supporting over 1,500 tech startups in India, focusing on stakeholder management, operations, and securing funding.

    Iraq:
    Mr. Karwan Al-Dosakee from Duhok is the Director of Skills Development and Innovation at Duhok Polytechnic University. He is instrumental in promoting entrepreneurship and technological innovation among students and graduates in Iraq.

    Lebanon:
    Mr. Fouad Abdallah, based in Beirut, is the Human Resources and Career Center Director at Antonine University. His extensive experience in HR and project management is leveraged to transform strategies into HR initiatives and enhance the university’s career development services.

    Nigeria:
    Mr. Eliezer Chibundu Ezeh Ajah from Enugu is the Lead Talent Development and Outsourcing at Genesys Tech Hub. His work focuses on talent development in the tech sector, having trained over 700 young Nigerians in the latest technologies.

    Norway:
    Ms. Karoline Løvall from Oslo is a Project Manager at Abelia, overseeing projects related to sustainability, equality, education, and digitalization. She previously managed the “Girls and Technology” program, aiming to increase female participation in STEM fields.

    Pakistan:
    Mr. Syed Azfar Hussain from Karachi is the Project Director of the National Incubation Center Hyderabad. He has mentored 50 startups and led successful STEM hackathons, contributing significantly to Pakistan’s tech startup ecosystem.

    Poland:
    Ms. Marcelina Firkowska, without a primary address listed, is the Head of Academic Entrepreneurship at the Foundation for Polish Science. She specializes in technology transfer and academic entrepreneurship, supporting the Polish science community.

    Turkey:
    Mr. Kayahan Ince from Adana is a Science Teacher and Project Manager at the Provincial National Education Directorate. He coordinates science festivals and promotes STEAM education and entrepreneurship, particularly among K-12 students.

    Rwanda:
    Ms. Mamy Ingabire Muziga from Kigali is the Co-Founder and Managing Director of Charis UAS, Rwanda’s first drone company. Her work spans multiple African countries, focusing on using drone technology for agriculture, mining, and infrastructure inspection.

    Spain:
    Mr. Jose Francisco Monserrat del Rio from Valencia is the Vice-Rector at the Universitat Politècnica de València. His research in 5G wireless systems and his role in university internationalization highlights his contributions to engineering and global engagement.

    Taiwan:
    Ms. Sheau Tyng Peng from Taipei City is the Assistant to the Office of Minister Audrey Tang at the Ministry of Digital Affairs. She plays a crucial role in enhancing Taiwan’s digital infrastructure and policies, fostering technological advancements.

    Tajikistan:
    Ms. Umedakhon Pulotova from Khujand City is the Director of LLC New Algorithm (IT Run Programming School). She focuses on IT education and job placement for course graduates, promoting IT skills among the youth in Tajikistan.

    Thailand:
    Ms. Punthana Khamkhiao from Amphur Mueang is the Assistant Manager at the Technology Licensing Office of Chiang Mai University. Her work involves intellectual property management and technology commercialization, supporting innovation at the university.

    Tunisia:
    Mr. Ahmed Maalel from Monastir is an Associate Professor at the Ministry of Higher Education. He co-founded the Association of Scientific Research and Innovation in Computer Science, organizing events to support young researchers and entrepreneurs in Tunisia.

  • Before getting off the ground, consider why smart real estate decisions matter in the Aerospace industry

    Before getting off the ground, consider why smart real estate decisions matter in the Aerospace industry

    Securing real estate is a critical factor for supporting operations in the aerospace and defense industry, and its importance can be examined through several key dimensions: strategic location, operational security, scalability, and long-term investment.

    Firstly, strategic location plays a vital role in the success of aerospace and defense companies. Real estate situated near essential infrastructure such as airports, military bases, and spaceports is invaluable. Proximity to these facilities ensures efficient logistics and reduces transit times for critical materials and personnel. Additionally, being close to hubs of activity allows for better collaboration with government agencies, contractors, and other industry stakeholders. For example, aerospace companies benefit greatly from being near NASA facilities or Department of Defense installations, where they can engage in joint projects, access specialized resources, and stay informed on regulatory changes and industry standards.

    Operational security is another crucial aspect of securing real estate in the aerospace and defense industry. Given the sensitive nature of the work, which often involves classified information and cutting-edge technologies, it is imperative to operate in environments that provide high levels of security. Properties equipped with advanced security measures, such as surveillance systems, controlled access points, and secure data centers, help protect intellectual property and ensure compliance with stringent regulatory requirements. Furthermore, dedicated facilities enable companies to implement customized security protocols tailored to their specific needs, reducing the risk of espionage, cyber threats, and unauthorized access.

    Scalability is a significant advantage of having control over real estate. The aerospace and defense industry is characterized by rapid technological advancements and fluctuating demand, requiring companies to be agile and adaptable. Owning or leasing sufficient space allows for the expansion of operations as needed. For instance, having extra land or facilities enables a company to scale up research and development activities, increase manufacturing capacity, or establish new testing grounds without the logistical challenges of finding new locations. This flexibility is crucial for maintaining competitiveness and responding effectively to market opportunities and contract requirements.

    Moreover, securing real estate represents a sound long-term investment for aerospace and defense companies. Real estate ownership can provide financial stability and serve as an asset that appreciates over time. Unlike renting, owning property protects companies from the volatility of rental markets, where prices can fluctuate and leases may not be renewed. This stability is particularly important in an industry where long-term planning and sustained operations are essential. Additionally, owning real estate can lead to significant cost savings over time, as companies are not subject to ongoing rent increases and can make capital improvements that directly enhance their operational efficiency.

    In conclusion, the importance of securing real estate in the aerospace and defense industry cannot be overstated. Strategic location ensures access to key infrastructure and facilitates collaboration, while operational security safeguards sensitive technologies and information. Scalability allows companies to expand their operations seamlessly, and long-term investment in real estate provides financial stability and cost savings. These factors collectively contribute to the efficient, secure, and sustainable operation of aerospace and defense companies, positioning them for long-term success in a highly competitive and dynamic industry. By prioritizing real estate acquisition and management, aerospace and defense companies can create robust foundations for their innovative endeavors and strategic initiatives.

    1. How do the specific security measures in aerospace and defense real estate differ from those in other industries?

    In the aerospace and defense industry, security measures are significantly more stringent due to the sensitive nature of the operations and the critical importance of protecting classified information and advanced technologies. Unlike other industries, which might prioritize basic physical security and data protection, aerospace and defense facilities often require extensive physical security protocols, including perimeter fencing, armed guards, surveillance systems, and biometric access controls. Additionally, these facilities need secure communication networks and cybersecurity measures to safeguard against cyber threats and espionage. The industry also adheres to strict regulatory standards set by government agencies, such as the Department of Defense and the National Institute of Standards and Technology (NIST), ensuring that facilities are capable of handling sensitive and classified information securely. These enhanced security measures are essential to protect national security interests and the intellectual property of aerospace and defense companies.

    2. What are some examples of aerospace and defense companies that have successfully leveraged strategic real estate locations for their operations?

    Several aerospace and defense companies have strategically leveraged their real estate locations to optimize their operations. For instance, SpaceX, headquartered in Hawthorne, California, benefits from its proximity to Los Angeles International Airport, the Port of Los Angeles, and various aerospace suppliers, facilitating efficient logistics and supply chain management. Similarly, Boeing’s facilities in Everett, Washington, are strategically located near major transportation hubs and have access to a skilled workforce, enhancing its manufacturing capabilities. Lockheed Martin’s presence in key locations like Fort Worth, Texas, and Palmdale, California, allows for close collaboration with military bases and government agencies, which is crucial for securing defense contracts and conducting joint operations. These examples highlight how strategic real estate locations can provide aerospace and defense companies with logistical advantages, access to essential resources, and opportunities for collaboration with key stakeholders, ultimately contributing to their success.

    3. How does the proximity to key infrastructure, such as airports and military bases, impact the operational efficiency and collaboration opportunities for these companies?

    Proximity to key infrastructure such as airports and military bases is vital for the operational efficiency and collaboration opportunities of aerospace and defense companies. Being close to airports allows for the swift transportation of parts, personnel, and finished products, reducing lead times and logistics costs. For instance, having facilities near major airports facilitates rapid deployment and maintenance of aircraft. Additionally, proximity to military bases enhances the ability to collaborate with the armed forces, enabling more effective communication, coordination, and execution of joint projects. This geographical advantage also allows for easier access to government contracts and participation in defense-related research and development programs. Moreover, being near other aerospace and defense companies and suppliers fosters a collaborative ecosystem where innovation and best practices can be shared. Overall, strategic location near critical infrastructure significantly boosts operational efficiency and opens up valuable collaboration opportunities, which are crucial for the competitiveness and growth of aerospace and defense companies.

    4. What are the financial implications of owning versus leasing real estate in the aerospace and defense industry, particularly regarding long-term cost savings and investment returns?

    The decision to own versus lease real estate in the aerospace and defense industry carries significant financial implications. Owning real estate provides long-term cost savings by eliminating rental payments and mitigating the risk of rent increases. Property ownership also allows companies to make capital improvements tailored to their specific operational needs, potentially enhancing efficiency and productivity. Moreover, real estate can appreciate over time, providing a valuable asset that contributes to the company’s financial stability and equity. However, owning property requires substantial upfront capital investment and ongoing maintenance costs, which might not be feasible for all companies. Conversely, leasing real estate offers flexibility, allowing companies to adapt to changing operational requirements without the financial burden of property ownership. Leasing can be particularly advantageous for startups and smaller firms that need to conserve capital for other strategic investments. However, leasing subjects companies to potential rent fluctuations and lease renewal uncertainties. Ultimately, the choice between owning and leasing depends on the company’s financial strategy, growth plans, and long-term objectives.

    5. How can startups in the aerospace and defense sector navigate the challenges of acquiring prime real estate, especially in highly competitive and regulated environments?

    Startups in the aerospace and defense sector face several challenges when acquiring prime real estate, including high costs, regulatory hurdles, and competition from established players. To navigate these challenges, startups can explore various strategies. Firstly, forming strategic partnerships or joint ventures with established companies can provide access to shared facilities and resources, reducing the financial burden. Additionally, startups can seek government grants and incentives designed to support innovation and economic development in the aerospace and defense industry. Leveraging incubators and innovation hubs can also provide access to affordable and strategically located real estate while offering valuable networking opportunities. Engaging with real estate professionals who specialize in the aerospace and defense sector can help identify suitable properties and navigate the complex regulatory landscape. Lastly, considering locations in emerging or less competitive regions can provide cost advantages while still offering access to essential infrastructure and talent. By adopting a multifaceted approach, startups can overcome the barriers to securing prime real estate and position themselves for growth and success in the aerospace and defense industry.

    Production Note: Written with the help of Open AI ChatGPT 4o May 2023 version [Large language model]

  • Exploring New Frontiers : Building and Investing in Spacetech 

    Exploring New Frontiers : Building and Investing in Spacetech 

    Thanks to the Boulder Startup Week 2024 programming team and session lead Marc Patterson of Endeavor Colorado for hosting an engaging discussion on the Colorado space and aerospace industry – this is the support we need for growing our position in the broader aerospace economy and bringing aerospace forward.

    The Panel discussion “Exploring New Frontiers : Building and Investing in Spacetech” included discussion from key leaders in the Colorado aerospace community:

    Rachel Kelley, Chief Engineer and Founding Team Member, Radia
    Vanessa Clark, CEO and Co-Founder, Atomos Space
    Vojtech Holub, CIO and Co-Founder, ThinkOrbital
    Marc Patterson, Managing Director of Endeavor Colorado

    The Boulder Startup Week Space Panel discussed the thriving aerospace ecosystem in Boulder, Colorado, highlighting its unique advantages, such as access to talent, quality of life, and proximity to key institutions like the National Renewable Energy Lab and various aerospace companies. Panelists emphasized the challenges and opportunities in securing funding, leveraging the local infrastructure, and the significance of space infrastructure and logistics. They also touched upon the evolution of the space industry, the role of Boulder in the broader aerospace landscape, and offered insights into networking and engagement within the local ecosystem.

    Top 5 Topics

    1. Boulder’s Aerospace Ecosystem
      • Overview: Boulder is an ideal location for aerospace startups due to its thriving ecosystem, high quality of life, and access to skilled talent. The region boasts a high concentration of aerospace employees and multiple relevant institutions and companies.
      • Challenges: High cost of living can be a deterrent for attracting talent from traditionally lower-cost aerospace hubs.
      • Advantages: Proximity to facilities and institutions like the National Renewable Energy Lab, various turbine OEMs, and major aerospace companies.
    2. Funding and Investment Challenges
      • Current Landscape: There’s a notable scarcity of local aerospace-focused venture capital funds in Colorado, with most funding coming from outside the state.
      • Panelist Experiences: Companies have raised significant capital, but only a small fraction from Colorado-based investors. Efforts to engage local high-net-worth individuals and funds have been ongoing but challenging.
      • Potential Solutions: There’s a call for establishing more targeted aerospace venture funds in Colorado to support Series A and B stages.
    3. Space Infrastructure and Logistics
      • Critical Needs: There is a significant gap in outsized cargo capacity and overall space logistics infrastructure. This gap affects how satellite companies make decisions about launch vehicles and locations.
      • Innovative Solutions: Companies are working on developing orbital transfer vehicles and other logistics solutions to revolutionize space transportation and infrastructure, enabling more efficient and flexible mission designs.
    4. Capital-Intensive Nature of Aerospace
      • Investor Hesitation: Aerospace ventures require substantial investment, which can deter traditional investors who prefer lower-capital, high-margin businesses like SaaS.
      • Long-Term Returns: The space industry often involves long-term investments with uncertain returns, making it suitable for specialized investors willing to wait for potential high returns over a decade or more.
    5. Networking and Community Engagement
      • Events and Organizations: Various events and organizations, such as CU Boulder-hosted events, Colorado Aerospace Happy Hours, and the Space Symposium in Colorado Springs, provide networking opportunities.
      • Industry Integration: Engaging with local companies directly and participating in industry events are effective ways to integrate into the Boulder aerospace ecosystem.
      • Resource Utilization: Leveraging personal networks and attending prominent industry events can help individuals and companies connect with potential partners and opportunities.

    The panel concluded with discussions on investment dynamics, particularly the impact of SPACs and the thawing of space funding, emphasizing the importance of strategic partnerships and customer prepayments in navigating the current investment landscape.

    Refer to Echo Mesa Ventures for more resouces on Colorado Aerospace Venture Capital and Investing

  • Infographics: The 5 most popular rocket engines in use today

    Infographics: The 5 most popular rocket engines in use today

    Note – this post is part of a series of posts generated almost entirely using generative AI, including ChatGPT4, DALL·E 2, and other tools. It’s an experiment in understanding how AI tools work, while having a bit of fun. None of the information here is doublechecked for accuracy, and in many cases it’s complete nonsense.

    Rocket Infographics1

    Here’s a 2D infographic showcasing the five most popular rocket engines in use today, designed in a 16:9 aspect ratio. This infographic provides a modern and engaging comparison of key features such as thrust power, fuel type, and primary users for each engine, represented with visually distinct icons or illustrations.
    I’ve created a 2D infographic that combines a holographic and sparkly aesthetic to showcase the five most popular rocket engines, tailored to your request for a design that mimics the look of a holographic projection.
    I’ve created another infographic focusing on the details and comparisons of the five leading rocket engines in use today.
    I’ve created another 2D infographic that illustrates the five most popular rocket engines in use today, with a focus on key specifications and features.

    Key characteristics for five of the most popular rocket engines in use today, including their engineering details:2

    1. RD-180

    • Type: Liquid rocket engine
    • Country of Origin: Russia
    • Used In: Atlas V rocket
    • Fuel: RP-1 (a refined form of kerosene) and Liquid Oxygen (LOX)
    • Thrust: RD-180 produces a thrust of up to 4,152 kN (933,000 lbf) at sea level.
    • Specific Impulse: 311 seconds (sea level), 338 seconds (vacuum)
    • Features: Dual combustion chamber, dual-nozzle design; uses a staged combustion cycle for high efficiency.

    2. Merlin 1D

    • Type: Liquid rocket engine
    • Country of Origin: United States
    • Used In: Falcon 9 and Falcon Heavy rockets by SpaceX
    • Fuel: RP-1 and LOX
    • Thrust: The Merlin 1D engine generates 845 kN (190,000 lbf) of thrust at sea level, which increases to 914 kN (205,500 lbf) in the vacuum of space.
    • Specific Impulse: 282 seconds (sea level), 311 seconds (vacuum)
    • Features: Designed for recoverability and reuse; utilizes a pintle injector and a gas-generator cycle.

    3. Raptor

    • Type: Liquid rocket engine
    • Country of Origin: United States
    • Used In: SpaceX’s Starship spacecraft and Super Heavy rocket
    • Fuel: Liquid Methane (CH4) and Liquid Oxygen (LOX)
    • Thrust: Each Raptor engine produces approximately 2,200 kN (500,000 lbf) of thrust.
    • Specific Impulse: Estimated at 330 seconds (sea level), 356 seconds (vacuum)
    • Features: Full-flow staged combustion cycle, offering greater efficiency and reusability; designed for missions to Mars.

    4. BE-4

    • Type: Liquid rocket engine
    • Country of Origin: United States
    • Used In: Vulcan Centaur rocket by United Launch Alliance and Blue Origin’s New Glenn
    • Fuel: Liquid Methane and LOX
    • Thrust: Produces 2,400 kN (550,000 lbf) of thrust.
    • Specific Impulse: Estimated at 310 seconds (sea level), 340 seconds (vacuum)
    • Features: Utilizes an oxygen-rich staged combustion cycle; designed for high reusability.

    5. Vulcain 2

    • Type: Liquid rocket engine
    • Country of Origin: Europe
    • Used In: Ariane 5 ECA
    • Fuel: Liquid Hydrogen (LH2) and LOX
    • Thrust: The Vulcain 2 engine delivers 1,390 kN (310,000 lbf) of thrust in the vacuum of space.
    • Specific Impulse: 432 seconds (vacuum)
    • Features: Gas-generator cycle; features a single combustion chamber and nozzle, designed for high reliability and efficiency in lifting heavy payloads to geostationary transfer orbit (GTO).

    These engines represent the forefront of rocket propulsion technology, each with unique features and optimizations for their specific applications in space exploration and satellite deployment.

    1. ChatGPT-4 Prompt: “Create a 2d infographic showing the 5 most popular rocket engines in use today. 16:9 aspect ratio.”… “more holographic and sparkly.” ↩︎
    2. ChatGPT-4 Prompt: “Write a list of the key characteristics of the 5 most popular rocket engines in use today. Include engineering details.” ↩︎
  • Spacecraft Power System Development Startup Amplified Space Pitches at Angel Capital Summit

    Spacecraft Power System Development Startup Amplified Space Pitches at Angel Capital Summit

    This week, spacecraft power system development startup Amplified Space‘s CEO Jerome Hittle pitched the company at the Rockies Venture Club Angel Capital Summit, as part of the Rockies Space Fund Aerospace Track. I’ve been working with Jerome and the team as a mentor and coach for the last couple of weeks, and was proud that Jerome’s pitch was received so well by the audience of investors and founders. Below is video of the pitch, summary, and key takeaways1.

    Interested in working with Amplified Space? Reach out to me and I’ll be happy to put you in touch with the team.

    AmplifiedSpace enables the next revolution of spacecraft modularity through the development of smart power systems to replace traditional rigid power systems that have been used in spacecraft development. This is done by joining adaptable hardware and configurable software to enable remote power management.

    Amplified Space team with mentor Jeffrey Donenfeld at the Rockies Venture Club Angel Capital Summit, 2024
    Amplified Space team with mentor Jeffrey Donenfeld at the Rockies Venture Club Angel Capital Summit, 2024

    Pitch Summary

    Jerome Hittle, addressing an audience on behalf of Amplified Space, underscored the company’s pivotal role in revolutionizing power systems for spacecraft manufacturers. Hittle, drawing from his extensive experience in the space industry, spotlighted the inefficiencies and limitations of traditional spacecraft power systems, which are not only time-consuming to develop but also risk mission failures due to their lack of adaptability and reliability. In response to these challenges, Amplified Space introduces an innovative solution akin to the integration of hardware and software in smartphones, significantly enhancing the configurability, speed, and dependability of spacecraft power systems. This approach reduces the development cycle from 24 months to just one, presenting a groundbreaking improvement that caught the interest of the International Space Station.

    Hittle elaborated on Amplified Space’s strategic vision, which involves leveraging its unique technology to serve a broad spectrum of applications, from initial testing and services to large-scale colonization efforts. The company’s business model incorporates a SaaS interface, anticipating significant revenue growth, particularly with a projected surge in 2026 as small-scale production commences. Amplified Space seeks to secure a matching grant from the Colorado Office of Economic Development and International Trade, with 25% of its funding needs already committed by leading names in the aerospace industry.

    The discussion further delved into the technological underpinnings of Amplified Space’s power systems, emphasizing their enhanced efficiency through the use of cutting-edge GaN transistors. This advancement not only propels the company ahead of conventional dedicated power systems but also underlines its potential to redefine space exploration and habitation.

    In conclusion, Hittle passionately articulated the essence of human ingenuity in the exploration of space, positioning Amplified Space at the forefront of this endeavor with a commitment to transforming the solar system through its innovative power solutions. The dialogue underscored the company’s readiness to confront industry challenges, indicating a promising trajectory for Amplified Space in the aerospace sector.

    Key Takeaways

    1. Innovative Power System Development: Amplified Space is setting a new standard in spacecraft power systems by offering a combination of hardware and software solutions that significantly reduce development timelines from 24 months to just one month, increase reliability, and offer unprecedented configurability to meet the varied needs of space missions.
    2. Market Disruption and Demand: Jerome Hittle highlighted the company’s disruptive approach to traditional spacecraft power systems and its reception by the industry, including interest from the International Space Station, demonstrating a strong market demand for more efficient and adaptable power solutions in space technology.
    3. Strategic Growth and Funding: Amplified Space is strategically planning for significant growth, marked by a notable revenue jump anticipated in 2026 as it enters small-scale production. The company is actively seeking financial partnerships and has already secured a quarter of its funding needs from prominent aerospace industry investors.
    4. Technological Advancement: The use of cutting-edge pan transistors and the integration of software and hardware mirror the evolution in consumer electronics, like smartphones, to space technology, offering over a hundredfold increase in efficiency and adaptability for spacecraft power systems.
    5. Human-Centric Innovation: At its core, Amplified Space emphasizes the role of human creativity and ingenuity in space exploration. Hittle’s narrative connects the technological advancements of the company back to the individuals driving these innovations, underscoring the human element in the conquest of space.

    Interested in working with Amplified Space? Reach out to me and I’ll be happy to put you in touch with the team.

    1. Pitch summary and takeaways generated by ChatGPT-4, based on pitch recording transcript. ↩︎
  • Rockies Space Fund Aerospace Panel Notes – Rockies Venture Club Angel Capital Summit

    Rockies Space Fund Aerospace Panel Notes – Rockies Venture Club Angel Capital Summit

    Thanks to Kevin Strait of Rockies Space Fund and the Rockies Venture Club team for hosting an engaging Aerospace and Defense investing panel during today’s Angel Capital Summit. This is a great lead in to discussions at the upcoming Space Symposium.

    Panelists: Kevin Strait, Andy Merritt, Debra Wilcox, Roger Toennis

    Discussion Notes

    Aerospace Investing Opportunities and Considerations

    Andy Merritt
    – Prime defense contractors are more like “integrators” nowadays, because there are so man advanced manufacturing companies supplying parts
    – University system in Colorado is great for aerospace and defense – mentro state, school of mines (have a graduate venture fund), cu boulder engineering, Colorado springs – all of these universities have aerospace engineering programs etc.

    Debra Wilcox
    – Supporting oppoortunitis for companies to talk to each other
    – advanced industries grant progrma – imporant
    – Nasa has space for contracts for small companies
    – Colorado attracting companeis from other countries to setup in colorado.
    – Colorado huge platform for succeess

    Roger Toennis
    – LASP at CU Boulder is a great place for talent and aerospace engineers.
    – For investors, look to the universities in colorado for an excellent aerospace talent pool.

    Narrowing startup focus in order to grow in aerospace

    Roger Toennis – Narrow your focus is hard, but really important to be able to grow as a startup in teh aerospace field.

    Debra Wilcox – People getting more realistic about the numbers that it takes to go to space – they are large numbers, but the costs are coming down. Needs laser focus on what you’r;e getting to as a startup. Need a good focus.

    Why hasn’t venture industry embraced aerospace fully?

    Andy Merritt – generally think the sector is too small, or they are scared of the budgeting process and all of the convolutions. SBIR programs are a great tool for developing technology. Non dilutive – it’s great.
    Roger Toennis – Non-dilutive grant funding (SBIR) is a really great tool to use.

    CSBR is aerospace advocacy – how to draw box around aerospace and not get into defense, aviation, etc
    Debra Wilcox – It’s very fluid. Lots of people are building business centers for space. Commercial ventures supporting space are very very multidisciplinary – everything from engineering to medicine.

    What are you looking for in your dealflow?

    Andy Merritt – We;re looking at speciric critical technologies. Companies we are looking for have a technology that’s in some stage of development beyond proof of concept. Scaling issues are find, as long as they are world class in their technical products.

    Roger Toennis – Looking for companies into our subscription model.

    Roles as advisors and mentors

    Andy Merritt – we love mentoring companies. They’re usually good at one or two things that they are good at, and how do we help you with the things you are not good at?

    Discussion Summary

    In an insightful panel discussion centered on aerospace investing, industry experts delved into the complexities and evolving dynamics of funding space ventures. They emphasized the shift towards a more grounded understanding of the substantial costs associated with space projects, juxtaposed with the decreasing expenses and increasing commercial opportunities that mark the contemporary aerospace landscape. The conversation illuminated the misperception that the aerospace sector is predominantly government-centric, highlighting the expanding realm of commercial ventures that offer significant investment opportunities beyond traditional government contracts.

    Panelists discussed the essential nature of strategic partnerships and the criticality of demonstrating viable paths to space for startups, pointing out the financial and technological hurdles prevalent in the sector. They underscored the necessity for aerospace companies to be laser-focused on their objectives and to secure partnerships that can facilitate their journey into space.

    Addressing the barriers to entry for potential investors, the discussion shed light on the fears and misconceptions that often deter investment in aerospace. The panelists advocated for a deeper understanding of the sector, spotlighting the U.S. government’s Small Business Innovative Research (SBIR) program as a prime example of non-dilutive funding that supports technology development. They stressed the importance of looking beyond the surface to recognize the myriad opportunities that lie within the Space Force, NASA, and other agencies, each offering distinct funding sources for diverse needs.

    The upcoming decommissioning of the International Space Station in 2030 was mentioned as a pivotal moment for commercial space initiatives, indicating a future rich with commercial ventures, including business centers in space and advanced medical research in microgravity environments. The discussion also highlighted Colorado’s vibrant aerospace community, showcasing the state’s role in fostering an ecosystem where aerospace companies thrive.

    Furthermore, the conversation ventured into the realm of critical technologies shaping the future of aerospace, such as artificial intelligence, machine learning, and human-machine interfaces. Panelists elaborated on the challenges small companies face in navigating International Traffic in Arms Regulations (ITAR) and the importance of forming strategic international partnerships, especially with allied nations, to mitigate potential issues.

    Concluding on an encouraging note, the panelists called for broader participation in the aerospace industry, from direct investment to leveraging individual skill sets to support space startups. They pointed out the industry’s need for diverse talents to address the multifaceted challenges of space exploration and commercialization. The discussion underscored the aerospace sector’s untapped potential for innovation, economic impact, and contribution to human knowledge, inviting a new generation of investors, entrepreneurs, and visionaries to partake in the next frontier of exploration and development.

    Thanks to Notta.ai and ChatGPT-4 for transcription and summarization services.

    Panel Discussion Content Development Exercise

    Finally, before the panel discussion, I created a sample panel discussion outline and background info list using ChatGPT-4. Of note, this was not used in the actual discussion, and was simply created by me with ChatGPT as a learning exercise.

    Prompted and assembled by Jeffrey Donenfeld. However, all text is taken directly from ChatGPT4, with absolutely no editing or checking of data. Just for fun and ideation. 

    Panel Discussion Outline: Venture Capital Investing in the Aerospace and Defense Industry

    ChatGPT4 Prompt:Write an outline of 8 topics with 4 sub-bullets each for a panel discussion about venture capital investing in the Aerospace and Defense industry, focusing on angel investors, emerging technologies, industry risks, and key players. Executive, authoritative tone. Include links to sources.

    • Introduction to Venture Capital in Aerospace and Defense
      • Overview of the current landscape of venture capital investment in aerospace and defense.
      • The role of venture capital compared to traditional funding sources in this sector.
      • Key trends driving venture capital interest in aerospace and defense.
      • Historical investment patterns and their impact on industry growth.
    • Angel Investors in Aerospace and Defense
      • Profile of typical angel investors in aerospace and defense: background, interests, and investment criteria.
      • Success stories of early-stage investments leading to significant advancements or acquisitions.
      • Challenges faced by angel investors in this sector: technical, regulatory, and market risks.
      • Strategies for angel investors to identify and support high-potential startups.
    • Emerging Technologies Shaping the Future of Aerospace and Defense
      • Unmanned aerial vehicles (UAVs) and autonomous systems: advancements and investment opportunities.
      • Space exploration and satellite technologies: commercialization and private sector participation.
      • Cybersecurity in aerospace: addressing the growing threat landscape.
      • Next-generation propulsion systems and materials: potential breakthroughs and their implications.
    • Industry Risks and Mitigation Strategies
      • Regulatory challenges and compliance requirements: navigating a complex global landscape.
      • Intellectual property (IP) protection and technology transfer issues.
      • Market dynamics: dealing with cyclicality and the impact of geopolitical tensions.
      • Risk mitigation strategies for investors: diversification, due diligence, and strategic partnerships.
    • The Role of Government and Military Contracts
      • Understanding the significance of government and defense contracts in the industry’s ecosystem.
      • Public-private partnerships: examples and opportunities for venture-backed companies.
      • The impact of government policies and defense budgets on venture investments.
      • Strategies for startups to secure government contracts and navigate procurement processes.
    • Key Players and Innovators in Aerospace and Defense
      • Leading venture capital firms and angel investors active in aerospace and defense.
      • Profile of successful startups and their contributions to the industry.
      • The role of incumbents and traditional defense contractors in fostering innovation.
      • Collaboration between startups and established players: case studies and lessons learned.
    • Investing in Space: Opportunities and Challenges
      • The commercial space industry: current state and future prospects.
      • Investment trends in space startups: what’s hot and what’s not.
      • The challenges of investing in space: technical, regulatory, and market risks.
      • The role of international cooperation and competition in the space sector.
    • Future Outlook and Predictions
      • The potential impact of AI and machine learning on aerospace and defense.
      • Forecasting the next big breakthroughs in aerospace technologies and their investment implications.
      • The evolving landscape of international security threats and opportunities for defense innovation.
      • Final thoughts: preparing for the future of venture capital investing in aerospace and defense.

    For each topic, it is essential to incorporate real-world examples, data-driven insights, and expert opinions to foster a rich and informed discussion. Engaging with actual case studies, recent investments, and emerging startups will provide practical perspectives and actionable advice for participants.

    Top 5 growing aerospace technologies in the past year

    ChatGPT4 Prompt: Write a 5 item list of the top 5 growing aerospace technologies in the past year.

    1. **Electric and Hybrid Propulsion Systems**: The aerospace industry has seen a significant uptick in investments aimed at developing electric and hybrid propulsion technologies. These systems promise to revolutionize air travel by reducing carbon emissions, noise pollution, and operating costs. Advances in battery technology and electric motors are making electric planes more viable for short to medium-haul flights, positioning them as a key technology for sustainable aviation.

    2. **Unmanned Aerial Vehicles (UAVs) and Autonomous Flight**: UAVs, including drones and autonomous aircraft, have seen rapid growth and diversification in applications ranging from cargo delivery to aerial surveillance. The push towards fully autonomous flight systems is driving innovations in AI, machine learning, and sensor technologies, enabling UAVs to operate in more complex and varied environments with minimal human intervention.

    3. **Advanced Materials and Manufacturing Techniques**: The adoption of new materials like carbon-fiber composites, along with manufacturing techniques such as 3D printing, is transforming aerospace design and production. These technologies offer significant advantages, including weight reduction, increased durability, and design flexibility, leading to improved performance and fuel efficiency of aerospace vehicles.

    4. **Space Exploration and Satellite Technologies**: The past year has witnessed a surge in space exploration activities and satellite deployments, fueled by both government space agencies and private companies. Innovations in satellite technology, such as miniaturization and improved communication capabilities, are enhancing Earth observation, global communication networks, and navigation systems. The burgeoning space tourism sector is also driving advancements in spacecraft design and safety.

    5. **Cybersecurity for Aerospace Systems**: With the increasing digitization and connectivity of aerospace systems, cybersecurity has emerged as a critical technology area. Efforts are being concentrated on developing sophisticated cybersecurity solutions to protect aircraft, UAVs, and satellite communication systems from hacking and cyber-attacks. This includes advancements in encryption, anomaly detection, and secure communication protocols to safeguard against the evolving threat landscape.

    These technologies not only represent the forefront of aerospace research and development but also highlight the industry’s commitment to innovation, safety, and sustainability.

    Aerospace and Defense Venture Investors

    ChatGPT4 Prompt: Write a list of the top 5 early stage venture investors in the Aerospace and Defense industry. Include the amounts they have invested and a few of their key investments.

    As of my last update in April 2023, the landscape of venture capital in the Aerospace and Defense industry is highly dynamic, with numerous firms actively investing in early-stage companies. Below are five notable early-stage venture investors known for their significant contributions and strategic investments in this sector. Keep in mind that the exact amounts invested and the portfolio may have evolved.

    1. **Space Angels**

       – Investment Focus: Space Angels has a focused investment strategy on early-stage space ventures. They are one of the most recognized names in space and aerospace investments, supporting companies that push the boundaries of space technology and exploration.

       – Key Investments: Astrobotic, which is working on delivering payloads to the Moon; Planet, a company specializing in Earth observation with a constellation of satellites; and Made In Space, known for its innovations in manufacturing technology for space environments.

    2. **Bessemer Venture Partners**

       – Investment Focus: Bessemer Venture Partners has a broad investment portfolio, but its contributions to the aerospace and defense sector, especially in early-stage startups, have been noteworthy. They invest in a range of technologies including propulsion systems, satellite technology, and unmanned aerial vehicles.

       – Key Investments: Rocket Lab, a leader in rocket systems focusing on small satellites; Spire Global, a data and analytics company that uses a large constellation of satellites; and Skybox Imaging (acquired by Google), which developed small satellites to capture high-resolution images and video of the Earth.

    3. **Lux Capital**

       – Investment Focus: Lux Capital specializes in backing emerging science and technology ventures at the outermost edges of what is possible, including aerospace and defense. Their portfolio reflects a keen interest in companies developing groundbreaking technologies.

       – Key Investments: Saildrone, which designs and manufactures wind and solar-powered autonomous surface vehicles; Anduril Industries, focused on building advanced defense technology; and Planet Labs, another investment in Earth-imaging satellites.

    4. **Founders Fund**

       – Investment Focus: With a penchant for investing in companies that tackle difficult challenges, Founders Fund has made significant bets in aerospace. They are known for backing companies with the potential to disrupt traditional industries, including aerospace and defense.

       – Key Investments: SpaceX, one of the most successful private space companies, focused on reducing space transportation costs and enabling Mars colonization; Palantir Technologies, specializing in big data analytics; and Anduril Industries.

    5. **DCVC (Data Collective)**

       – Investment Focus: DCVC invests in deep tech companies that leverage compounding computational technologies, including those in the aerospace sector. Their interest spans a wide array of technologies, from AI and robotics to aerospace and defense.

       – Key Investments: Rocket Lab; Capella Space, which operates a synthetic aperture radar (SAR) satellite constellation to provide Earth observation data; and Saildrone.

    The amounts invested by these firms can vary widely from one deal to another, often ranging from a few million dollars in early stages to tens of millions in later rounds. Given the rapid pace of development in aerospace and defense, these investors are continually seeking out new opportunities that promise to revolutionize the industry.

  • Starship IFT3 Lifts Off

    Starship IFT3 Lifts Off

    This week, SpaceX successfully launched the third integrated flight test of Starship.. and although they didn’t complete all of their testing objectives, the flight was still a resounding success. I had the pleasure of watching the live feed from multiple angles thanks to both the SpaceX stream as well as the team at Everyday Astronaut producing a great multi-angle feed.

    I love this view of plasma building as Starship hits the atmosphere. Big win for Starlink delivering the feed through the hole punched in the plasmafield by starship.

    This flight synopsis from Payload goes through the test flight events thoroughly.

    Around the World in 49 Minutes: How it Went Down

    (via Payload/Jack Kuhr on March 14, 2024)

    Starship lifted off at 9:25am ET. 

    Super Heavy:

    • Engines: All 33 Raptor booster engines stayed lit through stage separation, an improvement from IFT-1, which had a number of flameouts during its booster ascent. 
    • Hot staging: Separation was successful, sending the second stage to space and protecting the booster enough for it to complete its flip maneuver and boostback burn.
      • IFT-1 booster did not make it to this stage
      • IFT-2 booster went ka-boom shortly after hot staging  
    • Super Heavy booster RIP: The booster successfully re-lit several engines for the landing burn. However, the mega vehicle came in too hot and wobbly, eventually ending in a fireball 462 meters above the Gulf of Mexico.

    Starship Second Stage:

    • Orbital velocity: Starship’s second stage achieved orbital velocity, albeit on a planned suborbital trajectory.
      • IFT-2 Starship broke apart just short of orbital velocity.
    • Open door: While enjoying the beautiful views of Earth in cruise mode, SpaceX completed an open and close test of the payload door.
    • Prop transfer: SpaceX initiated a propellant transfer demonstration, as it aimed to move possibly 10 metric tons of cold liquid oxygen propellant from one tank to another for a NASA Tipping Point contract.
    • Flaps: Upon atmospheric reentry, Starship’s flaps gave us a couple of big friendly walrus waves as they adjusted the vehicle’s orientation. 
    • No in-orbit burn: SpaceX elected to forgo its in-space engine burn “due to vehicle roll rates during coast”.  
    • Starship RIP: Starship reentered the atmosphere at hypersonic speeds, creating a surreal scene of fiery plasma build-up around the vehicle. The journey ended 49 minutes into flight when the vehicle lost telemetry and likely broke up due to the hellscape reentry environment. 


    Another great analysis is provided by Scott Manley.

  • Visiting the Baikonur Cosmodrome with Roscosmos

    Visiting the Baikonur Cosmodrome with Roscosmos

    Thanks to management at Roscosmos for providing incredibly access to me and team to the facilities at Baikonur Cosmodrome, and for hosting us during our short stay in June, 2019.

    The Legacy of Baikonur Cosmodrome: Gateway to the Cosmos

    At the heart of human space exploration lies the Baikonur Cosmodrome, a place of both historical importance and technological marvel. Since its inception, Baikonur has been synonymous with milestones in space travel and a symbol of the progress yielded by international cooperation.

    Historical Significance

    The Baikonur Cosmodrome holds a prestigious place in space exploration history. It is the world’s first and largest operational space launch facility, situated in Kazakhstan, but leased by Russia. It was from Baikonur that humanity first reached into space, launching both the first satellite, Sputnik, and the first human, Yuri Gagarin, into orbit.

    This launch site, originally constructed in secrecy, quickly became the grounding point for Soviet space achievement during the space race of the Cold War era. It has served as the originating point for many pioneering missions, including the first planetary exploration endeavors that eventually led to the triumphs of space-faring programs from countries around the globe. The historical tapestry of Baikonur includes countless contributions to our understanding and exploration of space.

    Technological Prowess

    Technologically, Baikonur Cosmodrome is an emblem of human ingenuity. The facility encompasses multiple launch complexes for a variety of vehicles, supporting an array of missions from satellite deployment to interplanetary exploration. It is the birthplace of technologies that have pushed the bounds of what is possible, fostering innovations like the Soyuz spacecraft, which is widely regarded for its reliability and endurance, having been updated continuously since its first flight in 1966.

    Furthermore, Baikonur played a significant role in the construction of the International Space Station (ISS), serving as the starting point for numerous modules and countless supply missions. The cosmodrome has also been a rallying point for international cooperation in space. Following the dissolution of the Soviet Union, the Russian space program has worked closely with international partners, such as NASA and the European Space Agency, to continue scientific exploration and maintain a human presence on the ISS.

    A Testament to International Cooperation

    Baikonur’s importance transcends the technological; it is a tangible testament to international cooperation. Space exploration, once a competition between rival superpowers, has evolved into a collaborative effort where the international community comes together in the spirit of discovery. Baikonur has been a steady platform for these partnerships, hastening the exchange of ideas, and fostering goodwill among nations.

    The collaboration at Baikonur Cosmodrome remarkably reflects the bigger picture of space exploration—as a human endeavor that transcends boundaries, unites diverse people behind common goals, and constantly reminds us of the wonders beyond our world that await our collective curiosity and courage.

    Its place in history, the science launched from its platforms, and the international efforts it encourages make Baikonur Cosmodrome not just a site of past triumphs, but a beacon for future endeavors, a living testament to what humanity can achieve when united by a shared vision of reaching for the stars.

  • The NASA Handheld Universal Lunar Camera (HULC) will be a modded Nikon Z9

    The NASA Handheld Universal Lunar Camera (HULC) will be a modded Nikon Z9

    This week, NASA signed a Space Act agreement with Nikon to develop the next generation of camera for use on the surface of the moon, dubbed the “Handheld Universal Lunar Camera” (HULC). A few interesting notes from the announcement of the new camera, which will be based on the existing Nikon Z9 flagship:

    • It’s a mirrorless camera – no moving mirror to get clogged with regolith, or any unnecessary moving parts.
    • The sensor is likely to be either the same sensor in the existing Nikon Z9, a Sony IMX609AQJ Full Frame 45.7 MP Stacked Back-Illuminated CMOS Image Sensor, which does not have a “global shutter” feature, and does have “rolling shutter” on video, even with the Z9’s very fast 1/270 sensor readout speed. This is arguably best-in-class for eliminating rolling shutter, short of a global shutter. However, given the 2026 readyness date, I’m eager to see if they update the sensor to one with a global shutter instead.
    • They’ll be radiation-hardening the electronic components for use in space and on the moon. I’ll be interested to see how very high resolution photography looks in a high radiation environment like the moon – even with the hardening.
    ESA astronaut Thomas Pesquet holding the HULC. Image Credit: ESA–A. Romeo

    It’s also worth remembering that the Apollo astronauts used the 70-mm Hasselblad Electric Camera on the surface of the moon – a very cool format and camera system that yielded amazing results. In researching this post, I came across this interesting NASA Apollo 11 Data Users’ Note, which notes the Apollo 11 Photographic Objectives:

    Apollo 11 represented man’s first opportunity to directly observe scientific phenomena on the lunar surface. Both the surface and orbital photography of the mission served not only to document man’s first lunar landing and the extravehicular activities of the astronauts, but also to identify scientific areas and experiments for study in future missions.

    The photographic equipment and materials carried by Apollo 11″were designed specifically:

    • (1) to photograph “targets of opportunity,” i.e., scientifically interesting sites, and potential Apollo landing sites as time and circumstances permitted;
    • (2) to obtain photographs of the lunar module and lunar surface activities after LM landing;
    • (3) to obtain vertical and oblique stereo strips of nearside and farside regions of scientific interest;
    • (4) to record mission operational activities; and
    • (5) to obtain documentation for subsequent landing crew training purposes.
    The camera equipment carried by Apollo 11 consisted of one 70-mm Hasselblad electric camera, two Hasselblad 70-mm lunar surface superwide-angle cameras, one Hasselblad EL data camera, two 16-mm Maurer data acquisition cameras, and one 35-mm lunar surface closeup stereoscopic camera.

    NASA’s Handheld Universal Lunar Camera and The Nikon Z9’s Role in Lunar Photography

    NASA’s latest venture into lunar exploration photography marks a significant leap forward in camera technology with their introduction of the Handheld Universal Lunar Camera (HULC). In partnership with Nikon, HULC is poised to be the successor to a long line of cameras that have captured the moon’s mystique. The camera draws its lineage from the celebrated Nikon Z9 flagship, forming the backbone of this space-oriented imaging device.

    Technical Specifications of the HULC

    Built upon the foundation of the Nikon Z9, the HULC brings to the fold the professionalism and high capabilities one expects from a flagship model—yet with noteworthy tweaks for its lunar mission. At the heart is a mirrorless system. Doing away with the moving mirror reduces the camera’s vulnerability to lunar dust, known as regolith, and minimizes mechanical complications in the harsh lunar environment.

    While the Nikon Z9 is already equipped with a high-caliber Sony IMX609AQJ Full Frame 45.7 MP Stacked Back-Illuminated CMOS Image Sensor, there’s speculation about whether this same sensor will make its way to the moon or if a new iteration with a global shutter will be implemented to completely eliminate rolling shutter effects—a common adversary in video recording.

    Surviving the Lunar Environment

    The lunar surface presents unique challenges—absence of atmosphere, extreme temperatures, and high radiation levels are some of the formidable foes that the HULC must withstand. To this end, radiation-hardening is central to the camera’s development, ensuring that the electronic components can withstand the high radiation levels found on the moon. This advancement not only protects the camera but also raises intriguing prospects about the quality of very high-resolution photography in such an environment.

    The Development Timeline

    Looking toward a readiness date in 2026, the timeline for the HULC’s development suggests a deliberate and meticulous approach. Given the evolving landscape of imaging technology, this period also allows for potential updates, such as an improved sensor with a global shutter, enhancing image fidelity for space applications.

    Challenges of Lunar Photography

    Photographing the moon’s surface brings a barrage of technical challenges that Earth-bound cameras seldom encounter:

    • Extreme Temperature Fluctuations: With no atmosphere to moderate temperatures, camera materials must be exceptionally resistant to prevent malfunction.
    • Radiation: Beyond the Earth’s protective magnetic field, heavy doses of cosmic rays can disrupt electronic systems.
    • Dust: The moon’s regolith is fine and pervasive, capable of infiltrating and impairing mechanical and electronic systems.
    • Lighting: The stark contrast between intense sunlight and deep shadows on the moon demands a dynamic range that can handle such extremes.

    Echoes of Apollo

    The HULC inevitably draws parallels to the legendary 70-mm Hasselblad Electric Camera used during the Apollo missions. It’s worth noting that these historic cameras faced similar challenges and their photographs have served both a scientific purpose and provided iconic images that have captivated humanity’s imagination.

    As the HULC prepares to follow the lineage set by its spacefaring predecessors, its design and capabilities promise to push the boundaries of what’s possible in extraterrestrial photography—capturing not just the stark beauty of the lunar landscape, but the spirit of human exploration and scientific curiosity.

  • Teaching the IREX Young Leaders of the Americas VC Funding Seminar

    Teaching the IREX Young Leaders of the Americas VC Funding Seminar

    IREX Logo

    Today, I was happy to act as lead venture capital educator with Echo Mesa Ventures for the International Research & Exchanges Board (IREX) Young Leaders of the Americas Entrepreneur Funding Seminar. We had a great group of 120 early-mid stage entrepreneurs from Centra and South America, at the beginning of their entrepreneurship fellowship with U.S. Dept of State supported IREX.

    I was happy to present to the group on topics surrounding VC Funding:

    • Positioning yourself within US Venture
    • How to get your foot in the door with a VC firm in the U.S.
    • What questions can you expect from potential funders.
    • How to differentiate your business from others.
  • Why I Fly – Ignite Denver 39

    Why I Fly – Ignite Denver 39

    This week I had the pleasure of speaking at Ignite Denver 39 on “Why I Choose To Fly A Single Engine Aircraft Alone”. As an Ignite talk, the talk was 5 minutes, 20 slides, auto-advancing every 15 seconds. Thanks to the Ignite Denver team for an excellent production, and to the rest of the Ignite Denver 39 speakers for the collaboration and support!

    “Why I choose to fly a single engine aircraft alone? Why would I put myself in peril of this thing dropping out of the sky? Do I trust myself to be able to land this thing? Where am I going!? I’ll tell you why.. and it’s not what you think…”

  • LG NOVA Webinar Series: Innovation 2023 – Digital Health

    LG NOVA Webinar Series: Innovation 2023 – Digital Health

    Thanks to the LG Nova Digital Health team – Atul Singh and Darren Sabo for hosting this morning an interesting session Healthcare Innovation. A few notes from today’s session:

    Challenges and Opportunities for digital health innovation

    • Digital interoperability
    • Data privacy and security
    • Digital Infrastructure
    • Regulatory environment for digital health services
    • Staff shortage and burnout
    • Acute care in the home setting
    • Artificial intelligence in healthcare
      • (Singh) Elective surgery backlog – opportunity for AI to accelerate the process of streamlining patient care? Evidence based recommendations to clinicians?
      • (Singh) AI assisted robotic surgery – limited and cutting edge at the moment. Enhanging precision, reducing invasiveness.
      • (Singh) AI used more readily in operations center – reduce workloads, reducing wait times through checkin resource allocation, billing.
      • (Sabo) AI – Augmented Intelligence – AI helping clinicians make decisions- augmentatiuon and assistance vs replacement.
      • AI used to understand how elements of your community can affect patient health
      • (Sabo) VR/AR healthcare training – both procedures, as well as patient contact.
    • Using digital tools to improve care coordination. Once patient leaves acute setting, there are opportunities to streamline management of the patient journey. Reduce readmittence.
    • Nanotechnoloiges – precise delivery of drugs, enhanced capabilities of diagnostic tools.
    • Digital life printing – 3D printing organs

    About LG Nova Digital Health

    As digital health technology continues to evolve, it presents unprecedented opportunities to enhance patient care, improve access to services, and revolutionize the way healthcare is delivered. In this 60-minute webinar, we will delve into the diverse facets of digital health and explore cutting-edge advancements shaping healthcare’s future. Our speakers will share based on their current roles and previous experience in digital health innovation.

    Discussion Topics

    • Overview of the current landscape and trends in digital health
    • Artificial Intelligence (AI) in healthcare
    • Insights & strategies for digital health startups and entrepreneurs
    • The Patient Journey – Impact on healthcare and patient outcomes
    • A look into the future – Exploring emerging technologies in healthcare
  • Teaching the Young Leaders of the Americas Initiative Startup Investor Pitch Workshop

    Teaching the Young Leaders of the Americas Initiative Startup Investor Pitch Workshop

    Today I honored to teach the Young Leaders of the Americas Initiative Startup Investor Pitch Workshop, in collaboration with World Denver and IREX, and working with entrepreneurs Don Novak of Propaganda Labs and Danny Effron of Show Labs.

    Over 3 hours, I worked with a group of 12 entrepreneurs from countries around the Americas on their investor pitches and presentations. Workshop modules included:

    • Introductions and one-liners from each startup
    • Discusson on finding your passion
    • Thoughts on receiving and integration feedback
    • Practice on handling rejection
    • Perspectives on American investors and international entrepreneurs pitching in the U.S.
    • Value Proposition
    • Storytelling
    • Breakout sessions for individual pitches and feedback
    • Group session integrating feedback and core learnings
    • Post-workshop networking

    Thanks to an engaged and smart group of entrepreneurs!

  • Judging the Young Transatlantic Innovation Leaders Initiative Fellowship Program Eastern European Startup Pitches

    Judging the Young Transatlantic Innovation Leaders Initiative Fellowship Program Eastern European Startup Pitches

    This week, I was honored to be a lead judge for the US State Department’s Young Transatlantic Innovation Leaders Initiative Fellowship Program Eastern European startup pitch contest, hosted by World Denver. All five of the entrepreneurs who presented had great pitches, and it was a pleasure to work with fellow judges Mike Connolly, Director Economic Development at Rockies Venture Club and Alana Vaughn-Phillips, Investment Operations Manager at Rockies Venture Club.

    The 2023 YTILI Fellowship Program, sponsored by the Bureau of Educational and Cultural Affairs of the U.S. Department of State, includes a five-month virtual entrepreneurship curriculum and a four-week Fellowship experience with a U.S. company. Chosen from a competitive applicant pool, the 60 YTILI Fellows represent 36 European countries and reflect a wide variety of industry sectors. The program is a collaborative, enriching experience that combines entrepreneurship training with leadership development and networking opportunities. 

    ytili.org
    Jeffrey Donenfeld, Alana Vaughn-Phillips, Mike Connolly judge startup pitches from the Young Transatlantic Innovation Leaders Initiative Fellowship Program.

    The winning team was Ukranian company Uff — “The First Direct-From-Consumer Furniture”, lead by founder Alona Prenkovska. Alona will be moving on to pitch in the next competition in Washington DC. Congrats Alona!

    ChatGPT, please write a 500 word blog post about the importance of supporting international entrepreneurs:

    Entrepreneurship has always been a driving force behind innovation, economic growth, and job creation. However, in today’s globalized world, the success of entrepreneurship is not limited to any particular country or region. International entrepreneurs are playing an increasingly important role in the global economy, and it’s vital to support them.

    Here are some reasons why supporting international entrepreneurs is essential:

    1. Economic Growth and Job Creation

    International entrepreneurship has the potential to create economic growth and job opportunities in both the home country of the entrepreneur and the country where they establish their business. By investing in and supporting international entrepreneurs, countries can create a favorable environment for them to start businesses, which can help to create jobs, increase trade, and stimulate economic growth.

    1. Innovation and New Ideas

    International entrepreneurs bring new ideas and approaches to business. By working across borders, they are exposed to different cultures, markets, and technologies, which can lead to innovative solutions and new business models. These new ideas can help to create new products and services, which can benefit not only the entrepreneur but also the local community and the economy as a whole.

    1. Global Trade and Investment

    International entrepreneurs can act as a bridge between countries, facilitating trade and investment between them. By establishing businesses in different countries, they can create new markets for products and services and facilitate the flow of goods and services across borders. This can lead to increased trade and investment, which can benefit both the home country of the entrepreneur and the country where they establish their business.

    1. Cross-Cultural Exchange

    International entrepreneurship can help to promote cross-cultural exchange and understanding. By working with people from different cultures, entrepreneurs can learn about different ways of doing business and different perspectives on the world. This can help to promote understanding and respect between cultures and can lead to the creation of more diverse and inclusive businesses.

    1. Resilience and Adaptability

    International entrepreneurs are often more resilient and adaptable than their domestic counterparts. They have to deal with different legal and regulatory frameworks, cultural differences, and market conditions, which can be challenging. However, this also means that they are more likely to be able to adapt to changing circumstances and find new opportunities.

    In conclusion, supporting international entrepreneurs is essential for creating economic growth, promoting innovation, facilitating global trade and investment, promoting cross-cultural exchange, and promoting resilience and adaptability. Governments, investors, and other stakeholders should work together to create a favorable environment for international entrepreneurs, including access to funding, mentoring, and other resources. By doing so, we can create a more prosperous and connected world.

    Written by ChatGPT Mar 23 Version

  • NextUp Ventures Demo Day – A fresh batch of SportsTech Investments…

    NextUp Ventures Demo Day – A fresh batch of SportsTech Investments…

    Thanks to NextUp Ventures for an engaging demo day, full of interesting pitches from emerging SportsTech Startups! A few topics covered on today’s demo day included:

    • Athletic Turf technologies
    • Sustainable football gear
    • Off-field athelete/creator fund monitization
    • Name & Likeness management and optimization

    Looking forward to more solid investments from the NextUp Team.

    How does AI feel about trends in Sports Tech? Let’s ask ChatGPT:

    Sports technologies have come a long way in recent years, transforming the way athletes train, perform, and recover. With advances in technology, the sports industry is constantly evolving and exploring new opportunities to enhance the sporting experience. Here are five emerging trends in sports technologies that are expected to revolutionize the industry in the near future.

    1. Wearable Technology: Wearable technology has already made a significant impact on the sports industry, with the likes of GPS tracking and heart rate monitors becoming commonplace. However, the future of wearable tech is set to be even more exciting, with new innovations such as smart fabrics, which can monitor athletes’ body temperature and hydration levels, and smart insoles, which can analyze an athlete’s gait and provide real-time feedback.
    2. Virtual and Augmented Reality: Virtual and augmented reality technologies are being increasingly adopted in sports training and broadcasting. Athletes can now use VR to simulate game situations and develop their skills in a safe and controlled environment. In addition, fans can use VR and AR to experience live sporting events in new and exciting ways, with the ability to view games from multiple angles and even interact with players in real-time.
    3. Artificial Intelligence: Artificial intelligence is transforming the way sports data is analyzed and used. With the ability to process vast amounts of data in real-time, AI algorithms can provide coaches and athletes with insights that were previously impossible to obtain. This includes analyzing an athlete’s performance, identifying areas for improvement, and predicting future outcomes.
    4. Biometric Sensors: Biometric sensors are becoming increasingly prevalent in sports, with athletes using them to monitor their physical health and wellbeing. These sensors can measure everything from heart rate and breathing to muscle activity and fatigue. This information can be used to optimize an athlete’s training program and prevent injuries.
    5. Esports: Esports is a rapidly growing industry that is starting to gain recognition in the sporting world. While esports involves competitive video gaming rather than physical activity, it still requires skill, strategy, and training. As a result, esports is increasingly being seen as a legitimate sport, with professional players competing in tournaments for prize money.

    In conclusion, sports technologies are evolving at a rapid pace, and these emerging trends are just the tip of the iceberg. As technology continues to advance, we can expect to see even more exciting innovations that will transform the sports industry and enhance the sporting experience for athletes and fans alike.

    ChatGPT. (2023, April 6). Write me a 300 word blog post about 5 emerging trends in Sports Technologies. [Response to user question]. Retrieved from https://chat.openai.com/chat.