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Black Flag, an accelerator centered on applied sciences very important to America’s nationwide safety, lately unveiled a brand new initiative geared toward serving to the U.S. preserve its technological edge and outmaneuver China within the world tech race.
The initiative, known as the Black Flag Investor Record, is a database that connects U.S. founders with traders who prioritize nationwide pursuits. It consolidates American and allied enterprise capital companies “investing within the nationwide pursuits of the USA and our allies,” Larsen Jensen, founding father of Harpoon Ventures, advised FOX Enterprise.
“The Chinese language Communist Get together has been attempting to beat us at our personal sport that I believe the USA has actually pioneered. That is innovation, and that is enterprise capital and that is entrepreneurship,” Jensen advised FOX Enterprise. “I believe that is our effort to punch again.”
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Larsen Jensen, founding father of Harpoon Ventures, is pictured right here. Backed by Harpoon Ventures and developed in partnership with In-Q-Tel, Black Flag’s listing brings collectively enterprise funds supporting sectors equivalent to protection, vitality and superior manufacturing (Black Flag)
Backed by Harpoon Ventures and developed in partnership with In-Q-Tel, Black Flag’s listing brings collectively enterprise funds supporting sectors equivalent to protection, vitality and superior manufacturing. The useful resource is already being utilized by founders, traders and protection leaders, Jensen stated.
“Any know-how that is important for America, equivalent to know-how that can give us higher entry to important minerals, extra vitality or strengthen our army capacities — these traders on the listing have all backed traditionally and need to put money into it sooner or later,” Jensen stated.
Black Flag offers capital and help to founders in robotics, protection, aerospace and different sectors. Whereas the accelerator receives lots of of startup purposes every month, it accepts solely about 1%.
To develop its influence, the Black Flag crew surveyed over 500 deep-tech entrepreneurs who nominated greater than 150 enterprise funds as main early-stage traders aligned with nationwide pursuits.
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An aerial view of Silicon Valley at nightfall in July 2016. (Smith Assortment/Gado/Getty Photographs)
“We canvassed and surveyed over 500 startup founders, and so they nominated these traders to be the know-how traders that write first checks or are the preliminary traders into these subsequent era of innovators with a dream to strengthen our nation and our allies,” Jensen stated.
Jensen stated the initiative represents a broader cultural shift in Silicon Valley, pushed by current world occasions and renewed consideration to nationwide safety.
“Years in the past, once I moved to Silicon Valley, investing within the nationwide curiosity was virtually anathema,” Jensen stated. It wasn’t well-liked, it wasn’t entrance web page information. … And now there’s virtually been this cultural renaissance and awakening to the issue.”
Earlier than launching Harpoon Ventures, Jensen represented Crew USA within the 2004 and 2008 Olympic Video games and later served as a U.S. Navy SEAL. He stated he believes in “placing America first and doing what’s required to help our nation and defend our nation.”
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Folks wave flags of China Oct. 1, 2022, in Hong Kong, China. (Keith Tsuji/Getty Photographs)
“I believe that the American spirit is robust,” Jensen stated. “I believe it is even stronger now below the present administration, and I believe, in some ways, the President’s management has set the circumstances for our nation and our financial system to be aspirational once more.
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“It is crucial that we come collectively as an funding group to again the founders of the long run which might be going to make us extra affluent and enhance our nationwide safety over the long run.”
