Summary: Peter Newell (@PeterANewell), CEO of BMNT, joins Lucas Bagno and Ian Cinnamon on this episode of Solarpunk. Takeaways:<br><br>- Peter was “handed the Ferrari of skunkworks” when he came to be in charge of the Rapid Equipping Force. It was a program that handled over a billion dollars to deploy new technologies.<br><br>- He became more of an entrepreneur after his time at the REF and that led to starting BMNT.<br><br>- Often times procurement in the US military is HQ-centric and product-centric and does not take into account the needs of the people on the ground.<br><br>- The acquisition system that was built in the 1950s in the US presumes that the military can perfectly understand the problem and build a perfect solution for it. However, this takes much too long to deploy and isn’t suited for modern times.<br><br>- A founder can’t go all-in on selling to government — they have to be able to build for both government and commercial.<br><br>- Often times companies will receive indefinite delivery contracts where it is unclear how much money they will actually receive. You might land a budget with SOCOM but it’s hard to actually get the dollars out of Congress.<br><br>- Hiring a lobbyist to educate you on the processes and people within the US government is a good idea but hiring a lobbyist to do business development for you is often not the right approach.<br><br>- It’s best to invest in building networks in VC and at DoD before hiring consultants.<br><br>- Not having enough people to do the advanced manufacturing that the US needs keeps Peter up at night.<br><br>Thanks for listening — if you like what you hear, please review us on your favorite podcast platform.<br><br>Check us out on the web at <a href="http://www.villageglobal" rel="noopener">www.villageglobal</a>.vc or get in touch with us on Twitter @villageglobal.<br><br>Want to get updates from us? Subscribe to get a peek inside the Village. We’ll send you reading recommendations, exclusive event invites, and commentary onthe latest happenings in Silicon Valley. <a href="http://www.villageglobal.vc/signup" rel="noopener">www.villageglobal.vc/signup</a>
