Where Capital Is Moving in Defense & Physical AI | 100 Conversations Later

<p>Over the past year, I&#39;ve had the opportunity to meet more than 100 founders, investors, operators, researchers and government organizations working on the next generation of defense, robotics and Physical AI.</p><p>This episode is different.</p><p>Instead of interviewing another guest, I step back to reflect on the patterns that kept appearing across those conversations.</p><p>We discuss:</p><p>• Where capital is moving in defense and Physical AI<br>• What investors are actually buying<br>• Why operational learning is becoming a competitive advantage<br>• Cost-per-kill and the changing economics of modern defense<br>• Why geography, supply chains and access to experimentation matter more than ever<br>• The questions I now ask every founder and every technology</p><p>These aren&#39;t predictions.</p><p>They&#39;re observations from a year spent in the field.</p><p>Whether you&#39;re building a company, investing in emerging technology, or trying to understand where this industry is heading, I hope this episode helps you ask better questions.</p>