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Black Flag, an accelerator centered on applied sciences very important to America’s nationwide safety, just lately unveiled a brand new initiative aimed toward serving to the U.S. preserve its technological edge and out-innovate China within the international 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 corporations “investing within the nationwide pursuits of the US and our allies,” Larsen Jensen, founding father of Harpoon Ventures, advised FOX Enterprise.
“The Chinese language Communist Occasion has been attempting to beat us at our personal recreation that I believe the US 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 checklist brings collectively enterprise funds supporting sectors similar to protection, vitality and superior manufacturing (Black Flag)
Backed by Harpoon Ventures and developed in partnership with In-Q-Tel, Black Flag’s checklist brings collectively enterprise funds supporting sectors similar to protection, vitality and superior manufacturing. The useful resource is already being utilized by founders, traders and protection leaders, Jensen mentioned.
“Any expertise that is crucial for America, similar to expertise that may give us higher entry to crucial minerals, extra vitality, or strengthen our army capacities — These traders on the checklist have all backed traditionally and wish to spend money on it sooner or later,” Jensen mentioned.
Black Flag gives capital and assist to founders in robotics, protection, aerospace, and different sectors. Whereas the accelerator receives a whole bunch of startup functions every month, it accepts solely about 1%.
To broaden 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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FILE PHOTO: An aerial view of Silicon Valley at nightfall in July 2016. Jensen mentioned the initiative represents a broader cultural shift in Silicon Valley, pushed by current international occasions and renewed consideration to nationwide safety. (Smith Assortment/Gado/Getty Photographs)
“We canvassed and surveyed over 500 startup founders, and so they nominated these traders to be the expertise traders that write first checks or are the preliminary traders into these subsequent technology of innovators with a dream to strengthen our nation and our allies,” Jensen mentioned.
Jensen mentioned the initiative represents a broader cultural shift in Silicon Valley, pushed by current international occasions and renewed consideration to nationwide safety.
“Years in the past, once I moved to Silicon Valley, investing within the nationwide curiosity was nearly an anathema,” Jensen mentioned. It wasn’t standard, it wasn’t entrance web page information … And now there’s nearly 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 mentioned he believes in “placing America first and doing what’s required to assist our nation and defend our nation.”
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FILE PHOTO: Individuals wave flags of China on Oct. 1, 2022 in Hong Kong, China. The checklist is aimed toward serving to the U.S. preserve its technological edge and out-innovate China within the international tech race. (Keith Tsuji/Getty Photographs)
“I believe that the American spirit is powerful,” Jensen mentioned. “I believe it is even stronger now underneath the present administration, and I believe in some ways, the President’s management has set the situations for our nation and our financial system to be aspirational once more.”
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He added, “It is crucial that we come collectively as an funding neighborhood to again the founders of the longer term which are going to make us extra affluent and improve our nationwide safety over the long run.”
