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Silicon Valley Wins Few Government Contracts
The federal government has spent $22 billion in recent years on technology from the top 100 national-security startups, a paltry portion of overall contract spending and less than half of what venture capitalists have invested in those same companies. WSJ: The gap underscores the discrepancy between...
The federal government has spent $22 billion in recent years on technology from the top 100 national-security startups, a paltry portion of overall contract spending and less than half of what venture capitalists have invested in those same companies. WSJ: The gap underscores the discrepancy between the surge of venture capital funding for defense technology and the U.S. government's spending on substantial contracts to startups. The organization ranked the startups based on head count growth, total capital raised and other factors.ÂTraditional defense contractors receive hundreds of billions in awards every year.
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