Wherever there is ignorance, there is also someone ready to take advantage of the ignorant. Looking at that pile of books on his desk was very visual feedback on how badly I had overdosed the guy with unfamiliar concepts. True story: one investor I had been pitching went down the rabbit hole and bought seven books about space. ![]() This is time that could be spent building the technology before the runway-that is, the money left in the bank account-fades away. This is true even for those who brand themselves as ‘space investors.’ The knowledge gap results in industrial quantities of time wasted by startup founders having to educate prospective investors about basics like why satellites don’t fall back to earth, how antennas work and what flight software is for. VC partners, associates, and investment assistants are all similarly bewildered about what satellites are made of, the complexities behind developing them, and the applications they can unlock. There is a concerning knowledge gap - a politer term than ignorance - about space systems engineering. This kind of reviewer is especially aggressive during calls and pitches because they want to make clear they know better.Īll this leads to one of the biggest problems present in the space VC sector: a lack of space technology knowledge.
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