Best part, or: How To Hit The Nail Right On The Head.
We have a winner here.
It sounds like the company was ultimately unable to bridge what’s often referred to in defense tech as “the valley of death” — the period between R&D and commercialization. This is a well-known problem for vendors looking to sell to the Department of Defense, and a place where venture capitalists have said they could step in — unless they don’t.
We have a winner here.