This Week in Startups
This Week in Startups
Jason Calacanis covers startups, tech, markets, media, and all the hottest topics in business and technology. He also interviews the world’s greatest founders, operators, investors, and innovators.
Jason Calacanis

PrayingForExits on the rush into defense tech, “innovator’s sprint,” & global VC markets | E1847

E1847 • Nov 14, 2023 • 45 mins

The man behind the anonymous accounts “prayingforexits” on Instagram and “@mrexits” on X joins Jason for a jam-packed episode! Topics covered: Praying For Exits raised a fund! (2:10) Drawing inspiration from Steve Jobs' iconic Think Different Campaign (8:55), defense tech going from “frowned upon” to a very hot market (17:03), and how the modern Middle East will play ball with the USA? (33:29)!

Key Points

  • The global shift towards nationalism combined with the recognition of the fragility of global systems are influencing VC investment strategies, with a growing focus on sectors like defense, space, and onshoring manufacturing.
  • VCs are currently favoring subject matter experts and second-time founders for their experience and efficiency, leading to potentially higher investment returns in the current economic cycle.
  • The Modern Middle East, particularly Saudi Arabia and the UAE, is rapidly modernizing and positioning itself as a major player in the VC space by offering incentives to attract founders, like Dubai's "Golden Visa."
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