Sean McGuire leads Sequoia's defense technology investments, including SpaceX and Neros, applying a vertical integration thesis modeled on SpaceX's trajectory.
no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY
Neros is one of few defense tech companies achieving useful field deployment; its drone payloads follow Moore's Law exponential improvement in radios/sensors, enabling vertical integration like early SpaceX, with potential to become a national champion reindustrializing US manufacturing.
Defense tech has a gap with only ~5 companies doing useful field work; Nero resembles early SpaceX/cellular industry where radios/sensors/integration on exponential trajectory plus manufacturing scale will create winner-take-most dynamics like Apple in smartphones.
Anduril stands out among the very few defense tech companies that have delivered useful capabilities in actual combat environments.