Venture capital must return to its first principles of solving national problems and driving real GDP growth through science and technology. Colin Greenspon, co-founder of Narya alongside JD Vance, argues that superior risk-adjusted returns come from identifying "hidden in plain sight" problems in sectors like defense, advanced manufacturing, and space before they become mainstream trends. A critical distinction exists between chasing mimetic momentum and backing founders who combine technical expertise with business model innovation. The investment in True Anomaly illustrates this thesis, focusing on space as a contested domain requiring sovereign protection and advanced orbital maneuverability. Successful frontier tech founders are characterized by mission-driven persistence and industrial acumen rather than mere academic pedigree. Ultimately, long-term venture success relies on concentrated portfolios, aligned capital, and a commitment to building tangible infrastructure that improves citizens' lives while avoiding the distractions of short-term status or ideological polarization.
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