June 08, 2016
The Pentagon Reboots Its Silicon Valley Outpost
Source: Bloomberg Technology
Journalist Nafeesa Syeed
One of Washington’s biggest and most ponderous bureaucracies reaches out to do business with Silicon Valley’s agile and impatient entrepreneurs. What could go wrong?
Plenty, based on the initial struggles of the Defense Innovation Unit (Experimental), or DIUx, the California technology outpost that’s a pet project of Defense Secretary Ash Carter. Only three of 20 projects in its pipeline were put under contract in its first eight months, an eternity in a region where a successful venture capital pitch can generate almost instant funding.
To read the full article, visit the Bloomberg website.