The defense tech boom has become a bubble—or it will be soon
- 10 hours ago
- 1 min read
FORTUNE — “When there are successful companies, you have lots of other companies and investors chasing that, and [there can be] very risky behavior,” Schimpf said onstage. “We’ve been very careful at every stage to manage this, but it’s easy to chase those valuations if you’re not being careful.
So, I do think there’s a bit of a bubble. Capital’s cheap, and it’s great if you can get capital as an advantage—go for it. But do understand the consequences for your company when you do: You put expectations through the roof of what you can deliver on.”
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