Anduril president says defense tech companies have to 'create a monopoly' to survive

Defense tech is winner-takes-all, according to Andruil's president. Anduril has quickly become a market leader, spawning a venture capital frenzy. The industry is also notoriously competitive, with companies duking it out for lucrative government contracts.On the "20VC" podcast, President and Chief Business Officer Matthew Steckman described the company's strategy. They'd need to win in key product categories, he said — and maybe monopolize them. Every defense product category has one big or two big progra ...