Shawn Ryan Show - #205 Dino Mavrookas - Fmr. Navy SEAL (DEVGRU) / CEO of Saronic Technologies
Episode Date: June 2, 2025Dino Mavrookas is the Co-Founder and CEO of Saronic Technologies, a defense tech company pioneering AI-powered autonomous surface vehicles (ASVs) to strengthen U.S. and allied naval capabilities. A fo...rmer U.S. Navy SEAL with 11 years of service and eight combat tours, Mavrookas enlisted after 9/11 and gained firsthand insight into the importance of technological superiority in complex operational environments. He founded Saronic in 2022, and under his leadership, the company has raised over $850 million and reached a $4 billion valuation by early 2025—developing scalable, mission-driven ASVs for modern maritime defense. After his military service, he earned a BASc in Computer Engineering from Rutgers and an MBA from The Wharton School. He then transitioned to private equity, serving as a Senior Associate at Vista Equity Partners and Vice President at H.I.G. Capital, focusing on technology investments. A 2015 Pat Tillman Scholar, Mavrookas also serves on the board of the Navy SEAL Foundation and advocates for expanding opportunities for veterans in elite academic and professional programs. Shawn Ryan Show Sponsors: https://www.roka.com - USE CODE SRS https://uscca.com/srs https://www.identityguard.com/srs https://www.betterhelp.com/srs This episode is sponsored by BetterHelp. Give online therapy a try at betterhelp.com/srs and get on your way to being your best self. https://www.helixsleep.com/srs https://www.blackbuffalo.com https://www.meetfabric.com/shawn https://www.shawnlikesgold.com https://www.hillsdale.edu/srs https://www.paladinpower.com/srs https://www.patriotmobile.com/srs https://trueclassic.com/srs Upgrade your wardrobe and save on @trueclassic at trueclassic.com/srs! #trueclassicpod Dino Mavrookas Links - LinkedIn - https://www.linkedin.com/in/dino-mavrookas Saronic Technologies - https://www.saronic.com Navy SEAL Foundation - https://www.navysealfoundation.org Learn more about your ad choices. Visit podcastchoices.com/adchoices
Transcript
Discussion (0)
Dino Mavroukas, welcome to the show man.
Thanks for having me.
It is an honor to be here.
Well likewise, it's an honor to have you.
I mean, you're former SEAL, re-industrializing the Navy's shipbuilding capacity.
It's, you know, we were talking at breakfast and I just,
I think it's really cool, man, like what you're doing and I'm just, I'm just, I mean,
it's fascinating, it's inspiring, I'm proud of you.
I mean, to see somebody come out of the SEAL teams and to do something
is impactful as what you're doing for the United States and
it sounds like maybe some of our allies,
I mean, that's just, I mean, congratulations, man.
That's really cool to see.
Thank you.
I've been a huge fan of yours and the pod
and seeing all the things that you're doing
after the SEAL teams is just as exciting.
And it's an honor to just be here,
be able to tell the story, be able to tell my story,
and then all the things we're doing at Cerronic.
So thank you.
Thank you for being here.
But everybody starts off with an introduction here.
So Dino Mavroukas, Navy SEAL veteran
with 11 years of service, including eight combat tours,
leveraged your warden, MBA, in private equity experience at Vista Equity
Partners to bridge your military grit with tech innovation, launching Saronic in 2022.
We're going to focus more on your work as Envision is co-founder and CEO of Saronic
Technologies, a company building autonomous surface vessels, ASVs to restore US naval dominance.
A leader in raising billions to scale Saronic's mission with a $4 billion valuation and a
new shipyard, Port Alpha, to tackle America's shipbuilding crisis and counter China's massive
shipbuilding lead.
A voice in the defense tech revolution warning that without scalable AI driven solutions,
the US risk losing its maritime edge.
A patriot committed to the Navy SEAL foundation serving as a board director to support SEALs
and their families, husband, father, and most importantly, a Christian.
And like I said, re-industrializing the Navy shipbuilding capabilities.
And you know, just to kick this off with a fact, I mean, we've talked a lot about China
and their capabilities and how they're getting an edge on us in just about every capacity,
power, AI, shipbuilding.
They're not messing around. They are investing heavily, the government's pouring billions and billions of dollars.
If we think China's not on a wartime footing right now, we're sticking our heads in the
sand.
Man, it just sounds like they're gaining an edge in just about every important aspect
of being a global superpower.
And so I wanted to kick this off.
In 1943, we built 18,000 ships.
In 2023, we built eight and retired 12 for a negative four.
And the US accounts for only 0.1% of global shipbuilding.
0.1%.
Crazy.
I mean.
It's crazy.
In World War II, I'll give you another stat.
We commissioned over a hundred aircraft carriers,
aircraft carriers between 1942 and 1945.
Today, an aircraft carrier costs 10 billion as a baseline.
The estimate, the budget estimate actually went up to 13 billion.
Jeez.
But more importantly, they take over 10 years to make, a decade to make one.
Our entire involvement in World War II was four years long. So not only are they wildly expensive,
but you can't afford,
let's take human life out of the equation for just a second,
so I'm sure we'll talk about that a bunch.
You can't afford to lose one
because you can not get another one.
Scares the hell out of me, man.
It's crazy.
It just seems like we're falling behind on everything.
And we'll get into this too, but just, you know, breakfast we were talking about all
the bureaucracy and the red tape that entrepreneurs have to go through.
And you would think that that would be, you would think they would fast track national
defense. would be, you would think they would fast track national defense, but it sounds like
it's even more of a pain in the ass than just being a regular entrepreneur.
And I mean, like you just said, by the time we, and we'll get into this more too, but
by the time this stuff even gets approved to be built, let alone being built, I mean,
it's already obsolete.
That's right. Yeah. Starting Sironic was an interesting
challenge, because not only do we have to build the best
technology, not only we set out to build the absolute best
technology in both hardware and software, and we'll talk more
about the products, but we also had to build a government
lobbying company, We had to
understand how to navigate the ecosystem, how to actually drive adoption,
how to get our products into the field. That's not an easy task.
One of the things I mentioned, it was funny, we had one of our lead
growth leaders from the growth team gave a teach-in to the entire company
on here's what government acquisitions actually looks like and there's this government acquisition
management life cycle map that exists within the pentagon and if we stretch that map out on this
entire wall the individual subcomponents still would not be legible.
Are you serious?
There's that many steps in the process.
One of the slides was, okay, now we're going to talk about rapid defense acquisition.
The next slide said 48 to 72 months.
Three years. 48 to 72 months later,
the technology we're building is actually obsolete.
We're gonna have version two, three, four,
we're gonna have the software upgraded four or five times,
we're gonna have better sensors out in the world
that we'll be able to incorporate on our boats.
The process isn't set up for this.
And it's nobody's fault.
It's just the evolution of technology, right?
It's how warfare has changed over the last 50, 75, 100 years.
And we're just sitting at a point in time where there's massive technological disruption, right?
20 years ago,
20 years ago, the iPhone didn't exist.
Think about that.
Yeah.
That's not a really long time ago.
And it's completely changed the world.
And now nobody can even think about
operating in their life without a smartphone.
Yeah.
You know, it's,
it's, I kind of, I want it to slow down because I'm tired of having to
learn all this new technology, but I mean, now is, it's just, I just, you said it's nobody's
fault.
Somebody's to blame or, or some entity is to blame.
I mean, we can, it's just, I, every time I talk to a tech innovator like yourself, I'm just mind-blowing at how slow
the government is to act on this stuff.
I don't know what it comes from, if it's our own ego because we've been on top for so long.
It's like, guys, you've got to look outward, man. Like, every country is innovating right now. I feel
like we're in this paradigm shift, like when the wheel was
invented, or when we went from horse to automobile, or when the
invention of electricity, I mean, with all this AI stuff,
and the way that techs, the pace the techs that tech is moving at
is just astounding.
And if we don't get out of our own way, we're going to get passed up if we're not passed
up already.
And I mean, we just chatted about this, it was on Tucker's a couple days ago, and we
were talking about how slow everything moves and how we kneecap ourselves, everything from
energy to AI to defense.
And man, like we really, we better wake up.
I mean, it's depressing.
And it's, well, I don't want to talk all doom and gloom.
Because we have the innovators.
We have the innovators.
We have the capability.
And look, I'm a firm believer in that when the United States of America collectively gets behind
an idea, there's nobody in the world that can beat us. Not China, not anybody. Yeah. Right? The
issue that we're facing right now is, again, we're sitting at a center of technological
disruption.
You're coming off of a massively different environment.
So we talked a little bit about World War II, talk about all the conflicts since then and kind of how the evolution of
defense budget and defense spending and the things that were put in place
since World War II.
PPEB process back in 1961, cost plus contracting actually started in World War I
to get the defense industrial base going.
And we can talk about the impacts of all of those things.
But really, you go back to 1993, and before that, you had this Cold War buildup.
The buildup for the Cold War, the Reagan era, we were at 6% to 7% of GDP as far as our military
budget. The Cold War ends, and you had this moment in time where everybody thought that global conflict or conflict between
nation states just isn't a thing anymore.
It's the new world, we're all friends, Cold War is over, we can communicate across the
globe, all these things that never existed before.
So we came out, we as a country, the United States came out of the Cold War and drastically cut our military spending. So what that did in the mil- so 24% reduction
in military spending after the Cold War. 41% in naval spending after the Cold War.
Wow. So you can imagine what happened to the shipbuilding programs.
Wow. Not only that, the then Secretary of Defense, there's this very famous
meeting they had, they call it the last supper. It's in 1993. The then Secretary of Defense called
in all the heads of the large defense contractors, and there were 55 or so at the time, and said,
we're slashing defense spending,
there's not going to be enough budget to go around.
You guys have my blood, you guys have to consolidate
or you will go out of business.
And so those 55 companies went down to five.
Like they're known as the big five.
It's Lockheed, Raytheon, Northrop, Boeing, and
General Dynamics, right?
So that happened in 93 and then obviously that
consolidation took years to happen.
Then, so you have that trend, that's one mega trend, right?
So what happened?
Did those five buy all the other subsidiaries?
They bought all the other companies and they just
combined into mega conglomerates.
Yeah. So you have that one kind of mega trend happening in the market.
The other thing was obviously 2001, we go into Afghanistan, 2003, we go into Iraq,
and we're there for 20 years.
we go into Iraq, and we're there for 20 years.
So our attention as a nation was on counterinsurgency,
was on the global war on terror.
It wasn't, how do we have the most powerful Navy in the world to deter the Chinese?
We were focused somewhere fundamentally differently for 20 years.
So we have this reduction in spending, which actually ramps back up for Iraq and Afghanistan,
but that doesn't mean that we're building the platforms we need for 2025 and beyond,
because again, very different type of conflict.
We're still living in this world of everybody's still friends, but now there's just terrorists,
but global conflict's not a thing.
So you have these two mega trends that kind of happen that are one,
reduction in spending for big platforms, consolidation in the defense
industrial base, and then our focus as a military on a very, very different
type of adversary.
So with decreased spending and decreased competition,
you don't have a whole lot of innovation.
Yeah, yeah.
I mean, not to be, I don't want to be all doom and gloom
either, although usually I am.
But I mean, I do, I don't think,
I know we still have the best innovators in the world
because we live in a capitalistic society and it can be big risk, big reward.
But guys like you and Joe Lonsdale and Palmer Lucky and Alex Wang, and I mean there's a
whole slew of you guys out there that are astonishing innovators.
But man, the government just cut your guys' kneecaps off.
I mean, we've got to fast track this stuff.
It's hard. It's hard.
And look, there are organizations set up to fast track this stuff.
DIU, or Defense Innovation Unit, phenomenal organization.
We partner with them. They've taught us a
lot about the end user, the customer. But the process that we've talked about, it's just
really hard to drive adoption into the government. And there's only been, I mean, you go back to the
There's only been I mean you go back to the 93 the Last Supper you go back to there's only been it was in
93 1993 was that was that Clinton the last yeah, I think so. I think so
Secretary of Defense was less Aspen
Since then there's only been three
Massive companies that have started
SpaceX Palantir and now Andoril.
SpaceX and Palantir started in the early 2000s, so called 2001, 2002-ish timeframe.
They've had a 15-year gap until Andoril was started in 2017.
Their last valuation was $14 billion.
I think they're talking about raising out a $28 billion valuation.
But those are really only,
when you talk about what matters for the military,
you really have to get to scale.
You really have to be able to build thousands of platforms
that are extremely capable.
And that means you have to be a really big company. There's only been three.
The reason is, again, it's just hard to do business with the government. Prior to 2017,
and this is where I'll give Anderle a ton of credit, people, investors weren't really
interested in driving money into defense. It was a hard place to make a return.
This is why I try to tell the government, look, you actually want
Saranic to make money. You want us to do really well.
Don't worry about squeezing the margin
because if we, every dollar we make, one,
we reinvest it back into the company for R&D.
But two, the more money you make,
the more that investors will be able to leverage
private capital, will magnify any dollar the government puts into our company through
acquisition or otherwise, 10 times over, and we'll be able to build even better systems faster.
And it will attract new innovators.
100%.
To the sector. 100%.
But the reason why there's been such this bottleneck in resilience, it goes back to
this PPBE process.
Planning, programming, budgeting, and execution.
It's a four to five year window where the government will go and plan for 18 months.
They'll then go through programming, which means writing the requirements.
Okay.
What are the things that we actually need the platforms to do?
Then they'll go through budgeting and then execution.
So again, four year, four to five year window, what that means in actuality,
like in practice,
we started Ceronic in September of 2022.
So we're not even three years old yet,
which is quite remarkable when we get into all the things
that we've done.
I would say that's pretty remarkable.
We are, we're the fastest growing defense tech company
in history.
Wow. Congratulations.
Thank you.
There's a lot of, I mentioned SpaceX, Palantir, and we're not where we are today without the
strides that those companies have made.
But going back to the process.
So we started the company in September of 22.
The planning phase for the government, now there's very distinct buckets of like, when this is done.
The planning phase for the fiscal year 2024 budget had already ended,
which means we started the company in 22.
We had no ability to influence the 2024 budget.
Are you serious? Dead serious? This is how the process works
they were on the they being the government were on the tail end of
planning for the 2025 budget
which means you have to get in and like think about if you have an 18 month planning process and
Somebody comes to you three weeks before it's over and says, hey, squeeze me
into this planning process.
I want to influence the 2025 budget.
Is that included in the, what did you call it, the rapid 48 to 72 months?
This is that included or is that?
This is the overall PPBE process that the military goes through. So when we started the company, we were really looking at, this is absent other contracting
mechanisms that I'll talk about through DIU and otherwise, because there's a thing called
OTAs, which is other transactional authorities, that actually gives the government the ability
to move very, very quickly.
But within that process, we were really looking at when we started the company in 22,
we were really looking at 2020-26 and 2027 budget. That's four years.
Now, an investor looking at that, that says, how do I make money? Why would I invest in this company? It's so hard. And on top of that, you have had so few companies that
have broken through and there was borderline, I don't want to call it monopolistic behavior,
but the, but that's how the primes acted.
Like that.
Yeah, I think.
But that's how, that's how the system evolved into.
There were five primes in 2023, 50% of the $411 billion of government contracts
that year went to those five companies.
70% of that, 70% of those awards through those companies had no
competition, they were sole sourced.
So coming into this market, the only thing that I've been kind of
evangelizing is let defense tech startups that are showing that they can
build real capability at scale, able to attract the funding that's needed.
Just let those companies compete fairly for these large programs.
I'm not saying don't hand us anything just because we're a startup.
Doesn't mean we're any good.
Doesn't mean because we have a bunch of money we can go and execute
but as we prove things along the way
let us compete for larger and larger contracts and larger and larger programs and
And that's what we focus on and we've really built that into the core DNA of our company where I
Just say Everything we say we're going to do
we're gonna do it beautiful if we say we're gonna deliver this on this
timeline for this price that's what we're doing come hell and high water and we
have the team that is bought into that and you know what the Navy's actually
not used to that they They're not used to
anything coming on time, anything coming on budget. And so by just doing what we said we're going to do
over and over and over again, those opportunities to compete for larger programs will be there
because how can you not let a company like Serana compete at this point?
Yeah, no kidding.
You know, you had mentioned something earlier about having to...
We're going to do a life story, by the way, but we're getting in the weeds a little bit too early.
But I don't want to forget this.
So you had to simultaneously start a lobbying company.
Yes.
What is a lobbying company. Yes. What is a lobbying company?
It is a company that knows how to navigate Capitol Hill
and the senior leaders within the Navy.
So any time you're looking at influencing defense
acquisitions, there's a few different buckets of folks
you need to influence without getting too far in the weeds.
One's the war fighters. There's a few different buckets of folks you need to influence without getting too far in the weeds.
One's the war fighters.
Two are the senior leaders in the military.
And three is Congress because Congress decides the budget.
So what that means is you just walk through it.
One, you have to go to the war fighters and say, look, we actually have the best products
and solutions.
These things are going to save your lives.
These are the things you want to use tactically in the field.
You can trust them, you can rely on them.
And you have the war fighter,
the actual war fighter say,
yes, okay, those are the best products, right?
Then you have to go to the senior leaders
and really align on,
are those products solving strategic initiatives of the Pentagon.
And really in order to get attention, and you know this from the seams,
and I'll use a silly example to articulate this,
but it has to be a, oh shit we're screwed if we don't do this type of strategic initiative it's
not just oh we can do this better or there's a slightly better solution it
has to be not only 10x better probably a hundred X better but also we can't keep
things in the status quo I would do anything to protect my family but
there's always that one worry in the back of my head. If I have to use my
firearm in self-defense, who's got my back? The truth is the justice system
isn't always just. I've uncovered story after story of corruption. Good Americans who did the right thing, defended
their families, and yet still had their lives turned upside down. And that's why I joined
USCCA, the US Concealed Carry Association. They've helped thousands of responsible gun
owners with legal preparedness, training, and support before and after a self-defense
incident.
If you've watched my channel long enough, you know I've always said preparedness is
more than just training and gear.
It's a mindset.
And because crime is on the rise in America, which we can all see, you'll need more than
just a gun to protect yourself.
You'll need a plan.
Go to USCCA.com slash SRS right now to learn more.
That's USCCA.com slash SRS and see how a membership can give you and your family that peace of
mind you've been looking for before, during, and after a self-defense situation.
Once again, that's USCCA.com slash SRS.
Do it.
Do you ever feel like your personal information shows up everywhere online?
That's because of data brokers.
Real companies that collect your personal details without your consent and sell them
to the highest bidder.
That's why I am so glad I found Aura.
Aura finds data broker sites that are selling your personal information and automatically
submits opt-out requests on your behalf.
Then, they continuously monitor to help make sure your data remains safe off of those sites.
Aura is a full digital security suite, and you're backed by up to $5 million in identity
theft insurance and 24-7 access to U.S.-based fraud experts.
For a limited time, Aura is offering our listeners a 14-day trial when you visit aura.com slash
srs.
That's enough time for Aura to start scrubbing your personal info off these data broker websites.
That's aura.com slash srs to sign up for a 14-day free trial and start protecting you
and your loved ones.
That's aura.com slash srs.
Certain terms apply,
so be sure to check the site for details.
And the example I always use is,
we used in bidders in the SEAL teams.
They were the radios that we carried in our gear.
They were the size of a brick.
They weighed five pounds.
They had to be rated for all these different things we're in the middle of Iraq and Afghanistan this had to be rated to dive to 50 meters and
I could it always stuck me and then I'd go back to my hut and we have an iPhone
And I'm like there's there's a technological gap there
I'm not saying we should carry iPhones on Ops, but certainly there's a better radio than this thing that was built in 1970
Yeah, but because it still worked and there wasn't a
We're screwed if we change don't change it. It really didn't drive change
so if you're solving very important strategic initiatives of the senior leaders that are
critical to their mission along with getting the buy-in from the
warfighters, you can then go to Congress and say, Congress, we have the buy-in from the warfighters
and we have the senior admirals that are not only saying we need this as a strategic initiative,
but are also writing requirements and going through their whole process to say, we need to
adopt this into, in our case, it's the fleet or they were actually working, we're trying to work with
the army and the Marine Corps and everything else.
You can then go to Congress and then lobby for budget and say, look, the military needs
this.
They're saying they want it.
Can we appropriate money so that they can actually buy it?
And if you have buy in of those three groups.
Then you go and work with the program
offices and the contracting officers and you see if you can actually get a deal done.
But that's we had to understand how to
navigate that ecosystem in parallel to building the best technology.
Because if we built the best technology.
And we weren't working on all of this, that again
is a three to five year process.
It means you build the technology one, two years, and then you start the process.
Now you're five to seven years down the road and you can't afford those types of time lapses.
So we had to do both of those things in parallel. And I mean, I was on Capitol Hill two weeks
after we started the company with PowerPoint slides
of an electric surfboard with a quadcopter on top of it.
And this was just an image and a picture that I kind of just made up.
And I was like, went to artist render, like, go make this real, make this look cool.
It wasn't our actual product yet, but it was a way to start telling the story of,
hey, this is the future of the Navy. It's a trittable, autonomous platform built very economically and very large scale.
And this is what we need and why.
And I started telling that story on day one.
As our engineers were figuring out, talking to customers both within the military and
actually commercial customers as well.
We can talk about the commercial market and why that's important.
It's really important to make sure that you're building for a wide array of
customers so that then the military can have the best products with a reliable
supply chain that can be built economically.
You build it so specific for the government, it becomes very bespoke, and
then you can't build enough of them.
So then they don't get what they want anyway.
So we built for a variety of military and commercial customers upfront,
completely module modular platforms that could be adapted to a variety
of uses and missions.
But the whole point is you had to do that in, you had to do that in parallel.
And so I'm taking this slide deck and I'm walking around Capitol Hill saying,
this is the future of the Navy.
And at the time it was electric surfboard.
I'm like, okay.
It wasn't quite the future of the Navy, but it got people's attention.
It got us started.
And then our engineers worked with those variety of customers to understand,
okay, where's that intersection?
Right?
What's actually needed?
What are the most important things in terms of range, payload capacity,
power supply, mission sets, payloads?
And then, and then don't tell me what you want.
Don't tell me what you want me to build you.
Just let me understand your problems and then we'll build the most efficient solution.
One of the things we did very early on to start actually understanding that was we signed a
contract with the Navy within 90 days of starting the company. It was with the Naval Post graduate
school. It was a cooperative research and development agreement. Completely unpaid,
but we knew we needed access to the customer. We knew we had to have those conversations.
Cause the last thing we wanted to do was build a product in a black box.
And then two years later, like, yeah, okay, whatever.
It goes 50 miles.
I needed to take a hundred.
Who cares?
Yeah.
Yeah.
I'll bet the, I'll bet the pushback, the least amount of pushback is the war fighters and then the
flag officers and then Congress. And I'd be willing to bet that none of these entities talk to each
other, maybe the flag officers and the war fighters, but probably very limited.
It's starting to come together. I think the important part in understanding
the senior leaders is there's actually a bifurcation where there's two splits within
the military and within the services. And we'll just use the Navy as an example. There's the war fighter, there's the combatant commands.
So, Indo-Paycom, U-Com, NorthCom, Afrocom, CENTCOM.
Those are the admirals in charge of fighting combat engagements in those theaters.
And then there's the admirals that are in charge of man training equipping.
Those are two completely separate structures and entities. So when
this Admiral says, I want this to fight with, there has to be a another Admiral that goes
through the same process takes those inputs from all the different senior leaders, rights
requirements, goes through the procurement cycle. I feel like you would move much faster if the people that are sitting in the seat
fighting the battles are saying, no, I'm just going to buy this.
And then they just, they're able to buy it when they need it.
But again, it's, and it's not, I think the admirals are aligned in both of those
structures, there's just, there's just the process, the war fighters know what they
need because they live it every day.
Then Congress, I'll actually give Congress credit.
First time I've ever heard that.
Yeah.
I'm going to give everybody credit.
I'm going to give a lot of credit to the military, Congress.
People are moving.
Again, you're trying to steer a massive cruise ship.
It takes a lot of people to try to turn that rudder.
But Congress, what the Navy was doing before we started Sironic, and I'll talk about this
in the founding story and why we started the company. But there was a lot of research and experimentation.
And there wasn't adoption at scale.
And now there's fundamental reasons why there wasn't adoption at scale.
And one of those reasons was.
Seronic or another company like, Seronic didn't exist and there wasn't
another company that could actually build that scale.
Like, Saronic didn't exist and there wasn't another company that could actually build that scale.
But Congress was looking at the Navy and actually saying, hey, we've been researching for a
decade.
We need to adopt.
Like, get going.
Let's do this.
So you had different areas pushing on the same problem. And that's really what you need.
That's good.
When you're dealing with Congress,
I mean, all we see is the media and all this other shit.
And so I'm just curious,
is this a bipartisan initiative?
Totally.
Man, that's good.
Totally.
I mean, when you think about,
I mean, 2022, we were getting traction and there was a democratic administration, right?
And the then deputy secretary of defense, Kathleen Hicks, announced the replicator program
under, that started under Biden.
And that was, hey, not only are we gonna go buy thousands of drones
We're gonna go buy them over the next 18 to 24 months and that was the first thing
That I've seen in a really long time where the government has moved quickly I tell if I'm like look
This is the fastest I've ever seen the government move with anything
That should one
Really excite you as an entrepreneur
Play at our company like the opportunity ahead
But to mention this just kind of shit out. I was I knew you were gonna say that hey
Cuz I'm looking around like oh this problem
Everybody's thinking about this. No, it's crazy. It's crazy
I mean I've talked to four star admirals and this was when we were 12 or 18 months old and I just like sir
Or ma'am, I know I know it sounds crazy to you that an 18 month old company is sitting here telling you
We are the only company
that can solve this problem for the Navy.
Doesn't it? It sounds crazy because it is crazy, but it doesn't mean it's not true.
Man. Man. Well, got a couple things to knock out here before we get into your life story.
Everybody gets a gift.
Oh, amazing.
Vigilance Elite gummy bears legal in all 50 states made here in the US.
No funny business.
Like my kids are going to crush this, but we'll give you some extra ones for the
kids.
Awesome.
And then, um, secondly, we have, I have a Patreon account.
It's a subscription account.
We've turned it into quite the community.
They were here when I was doing this in my attic and now we have this studio.
We're building another studio and they've just been here with me the whole time.
So one of the things that I do is I offer the community the opportunity to ask each
and every guest a question.
And so this is from Richard Beamer.
Is there going to be a market for autonomous surface vehicles in the public sector?
What is the timeline for widespread consumer adoption in the marketplace?
There certainly is going to be a very large market.
Public sector meaning government and military, and
I'll talk about government and maybe you mean private sector as well, because we're looking
at commercial applications as well as defense and military.
When you talk about defense, we hit on it, right? The Navy has to go in this direction.
We're not going to maintain naval superiority without autonomous surface vessels.
But when you talk about commercial applications, there's a ton of commercial applications that
we are focused on very deeply.
It starts with, and I'll bifurcate them into two segments. One is the
small autonomous surface vessels and the other ones the larger ones that we're getting into now.
So we started out building small autonomous boats. So right now our largest platform is 24 feet,
which is think of a full-size speedboat. We are moving up to a 40 and 60 foot full-size speedboat,
but we're also building a 150 foot autonomous cargo ship. Wow. That can be used for military
and commercial applications and we're building that now. Wow. So when you think about commercial,
there's port and harbor security, there's coast guard, there's critical infrastructure.
If you just talk about how our critical infrastructure that's on the coast right
now is protected, it's quite scary. There's a buoy that says, keep out.
Oh, man.
So we won't even get into all of that but there's a lot of commercial applications that we're
building towards on our small vessels.
Now on the larger vessels, you're talking about cargo shipping, right?
Why is the commercial market so important for the military?
Because logistics.
Well, not just logistics,
but if you think about just capacity,
this is why we get into,
when you build bespoke military system,
and look, some systems have to be bespoke for the military.
What do you mean by, what is bespoke?
Like, an F-35 is only ever going to be sold to
the Navy in the Air Force. It's only military, right?
But when you talk about ships, the most important thing is shipbuilding capacity.
So the Navy only needs
X number of ships during peacetime.
But during a conflict, that goes to 10X or 20X or more.
So if you look at what China has done, look, they're outbuilding the Navy, the US Navy in
terms of combatant ships, 3X to 1. Right? I will go through all the stats on the Chinese fleet and the US fleet and kind of what all
that looks like when we talk Saronic.
But they're outbuilding on just a military capacity today, three X to one.
But they actually have 230 times our shipbuilding capacity.
They have 5,000, over 5,000 commercially flagged
vessels when the U S has less than a hundred.
So could you say that again?
Over 5,000 commercially flagged vessels to the U S having less than a hundred.
So now go back to the world war two example, and let me ask you this question.
You have 230 times the shipbuilding capacity.
Only a portion of that shipbuilding capacity is being used for military and
defense, the rest is commercial.
What do you think happens to all of that commercial capacity
when the first shot's fired?
It's done.
It gets converted to defense.
I mean, just to play devil's advocate,
just a little bit here,
because the first thing that pops in my head,
did you say 35,000 to 100, was that the numbers?
For?
For shipbuilding capacity.
230 to one.
230 to one.
So the numbers are the Chinese can build,
and the statistic in the industry is gross tonnage.
It's kind of this weird measure of volume.
The Chinese can build 23 million gross tons of ships every year.
The United States can build 100,000.
And these are commercial and military.
These are commercial ships.
These are large cargo containers.
These are military ships.
These are destroyers.
These are aircraft carriers.
These are everything.
So I think, you know, when you say that, it's scary.
It scares the hell out of me.
At the same time, I think about, you know, not to give our government credit,
I would never do that,
but China is a major exporter.
The US is not a major exporter.
They would need a lot more ships just for all the exporting that they do, correct? Or am I off on that?
You're not off on that. They do need more ships. But if you look at why they've been
building out their capacity and how they've been doing it, they've been subsidizing it
from the government, undercutting everybody on price and doing it for a very, very strategic reason.
25 years ago, they had 5% of the world's global shipbuilding capacity.
Wow.
25 years ago.
Today they have 50%.
50% at we're at.1%.
Five zero, we're at.1%.
That means if you get every single country in the world that builds ships,
all lined up against China, you're just at parity.
Holy.
So you better rethink this problem.
You better start thinking about autonomy and how to build things differently.
This goes back to like, you don't want to go head to head on just a purely, let's go
see who can build more destroyers.
Yeah.
Yeah.
Wow.
Well, Dino, let's get into some of your life story here.
So we always start with where did you grow up?
So grew up in New Jersey, down the Jersey Shore.
I like to say everybody that's seen the TV show, it kind of gives it a bad rap.
But great place to grow up, about an hour south of New York.
You know, my dad had immigrated from Greece.
My grandfather actually left him five kids and my grandmother in Greece for three.
It's a phenomenal story.
For three years back in the 50s.
Came over, didn't speak a word of English, came to America.
He was a busboy in the United Nations for three years
while he learned English and saved up enough money
to bring my dad's family over from Greece to America.
They moved to Perth Amboy, which is sort of an inner city
up by New York and grew up there.
As Greek families in New Jersey do, they opened a diner.
My grandfather opened a diner, kind of built that business, built other businesses, saved
money, moved the family out into the suburbs, opened a restaurant there.
That's where I grew up. And I kind of grew up in a restaurant there. And that's where I grew up.
And I kind of grew up in the restaurant business.
That was the center of the family.
I started working there when I was 12 years old, washing dishes and busing tables.
One, it taught me the value of a dollar.
It taught me hard work and commitment.
But it also kept if I'm being honest, it kept
me out of trouble. Right? It was nights, weekends, holidays, everything. I was just working at
the restaurant. And after work, we'd go back to grandma's house. And that was, whether
it was Thanksgiving dinner or Christmas dinner, you know, we'd all be working as a family.
And then we'd all go back to my
grandma's house and, and celebrate the holiday. And that was, that was a big part of my life growing
up. So you stayed out of trouble. For the most part, I had work and yeah, I never really got in
trouble. I mean, I never got in legal trouble. My parents thought I was a pay, if you talk to some adults and as I actually met my wife when I was 13 years old, oh man, that's at a Greek Orthodox Church
and Greek Orthodox Church in New Jersey is sort of like a high school. It basketball
teams and volleyball teams and everything else. So when you say trouble, it's all relative,
right? I like to tell this really funny version of the story where my wife had a huge crush on me the moment she saw me.
But she's not here to defend herself and I will get in way, way too much trouble if I tell that version here.
So I'll kind of give the truth.
But yeah, so I had this huge crush on her.
So her parents knew me when I was 13 years old.
And they thought I was the biggest pain in the ass.
And I was always talking back to grownups.
And so when we ended up going on our first date,
I think it was 10 years later.
10 years later?
Oh yeah.
You didn't make the move for a decade?
It took me a while, man.
It took me a while.
She was way too cool for me.
We were friends. I was stuck in the friend zone for a while, man. It took me a while. She was, she was way too cool for me. We were, we were friends. I was stuck in the friend zone for a while. We went to the same college,
went to school at Rutgers. And then after the SEAL teams, we ended up reconnecting. We started
dating. And as you can imagine, it was hard to build a relationship. I was like, Hey,
great reconnecting. Great. I love this date. And yeah, I have to go to Iraq for six months.
She's like, what?
Oh, so you met while you, you made the move while you were in the SEAL teams.
While I was in the SEAL teams. Yeah.
And then I like to tease her about it.
Oh, okay. So you finally said yes after I became a team guy.
But no, we've been married. We're going on 13 years now.
We have two kids that are 10
and 9. And I tell her all the time and probably not nearly enough that, you know, her job
is much harder than mine. I could never sit at home, wonder where my significant other
was, whether they're going to call me back in eight hours or 12
hours or 24 hours or never. Right. And so the support system from the family and the
support that she gave me throughout my career was I wouldn't have been able to do it without
her. And still to this day, like she supported me through business school.
She supported me through this and private and we'll get into the kind of career stuff.
And then supporting Saronic just couldn't do without her. Sounds like an amazing woman.
She's absolutely incredible. Our kids are incredible. And it's just, if I'm not working,
I'm with them. Full time mom? Full Full-time mom. That's awesome, man.
She had a phenomenal career before switching and becoming a full-time mom and staying at home.
And it's funny, I'll come back to that because I'll get into the story and kind of like when
we founded Saronic and everything.
But going back to kind of the childhood stuff, the whole point of the...
Generally stayed out of trouble. But my wife's parents thought it was a huge pain in the ass.
So when she brought me home for the first time,
they were really confused.
But over time, we were very close.
And their story is just as amazing.
My wife was born in Greece.
Her parents grew up there.
They came over to the United States
without a dollar in their pocket
when they were 20 years old.
They worked hard, saved money.
My wife grew up poor.
And so the parents worked hard, saved money.
I mean, it's the American dream.
It's literally the American dream.
So I got to see that growing up and like live with that.
The other thing I did was I played a bunch of sports.
So if I wasn't working, I was playing sports.
And I got really into basketball at a young age.
And I use sports now with my kids to kind of teach lessons.
I don't actually care how good they are at the sport.
But one of the most important lessons I learned
was my freshman year in high school through basketball. And I was going to this,
one of the more elite high schools
for basketball in New Jersey.
They had a great team, a great program.
Half of the people that come out of that high school go to D1.
And so as a freshman, I was really I was intimidated.
I was kind of. OK, I was good.
I made the I was on the freshman team.
I was good enough to get into the program, but I wasn't a star in the program.
And so I was looking enough to get into the program, but I wasn't a star in the program. And so I was looking at that and I've actually like never told this story.
This is and think about how much this impacted this 30 years ago.
So I was looking at where I was in relation to the rest of the group and so much of my identity was tied up in that sport that I was terrified
of not making it the next year.
And so I quit.
Really?
I quit.
I finished out the year.
I made up some excuse of why I wanted to go to a different high school.
I went to a subpar high school where I ended up being a subpar basketball player.
I struggled for the next three years in the sport.
I struggled.
And I just never recovered from that decision, right?
I went to college.
I tried to play basketball.
I didn't want to give up though.
So I went to college.
Think about that.
I go to college and while everybody else is partying,
my freshman and sophomore year, I was getting up
at five o'clock in the morning, lifting weights, running,
shooting 1000 shots every day, like doing the things that I
thought would help me make the team in college. But because I
didn't have the coaching and the development and all the reps at
a super high level, I could just never make up for that. So and
this is what terrifies me about parenthood too.
It's like, I never, like I made a, like that taught me
that it's never worth it to quit.
Like that's what drove into me.
Like I'll never quit it.
I might not make it, but I'm not quitting.
And if it wasn't for that experience,
and I had to live that for not long,
like I had to live that for years.
And I get like still telling the story,
like that's still impact, like I still think about it.
Right, that's how impactful it was to me growing up.
And I look at my kids and I'm like, I just want to teach you all
the lessons I have. But I know, I know like, you're going to have to go live it. You're just going to
have to live it. You're going to have to feel the pain. You have to go through the things.
And I'm going to teach you things along the way, obviously. But there's some things, the most
important lessons you're going to learn are going to be through failure
Mm-hmm, and that's okay, and I'm just here to support you
Do you think that?
that basketball stories would drove you to
make it into the SEAL teams to make it into development group all the way up to what you're doing now and
Finding all the success that that you've amassed in Saronic. I think I think it's what gave me the the up to what you're doing now and finding all the success that you've amassed in Saronic.
I think it's what gave me the perspective to be successful.
100%.
Not just the physical ability to make it through buds,
but also the mental ability to make it.
And look, to be clear,
I never thought about joining the military.
It was never on my list of things to do.
I'd never even met anyone in the military before I joined.
Wow.
Wow.
So it was pretty crazy.
9-11 was my junior year of college. I remember sitting in the gym, watching the TV,
the entire gym kinda just came over,
nobody was working out anymore
and there were rows of TVs
and everybody was just glued to them.
And nobody knew what was happening.
Like the first plane hit the tower.
I was like, I remember, I thought,
like what idiot flew their plane into a
building in the middle of New York? Because it was just so crazy to think that this was actually a
terrorist attack. And then the second plane hit, you're like, oh, something's happening.
And being from New Jersey, you're, everybody's kind of like one or two degrees
of separation away from somebody
that was like really, really affected.
My wife was working in New York at the time.
She actually caught the last train out of the city
before they shut the trains down.
She watched the second tower come down from the train.
Wow.
The person she was sitting on,
this story's creepy.
She was sitting next to,
I forget the person's role,
but they were like an architect
or somebody that designed the towers.
And she's sitting next to this person on the train
and he goes to her,
that building's gonna come down.
And sure as shit they come out of the tunnel,
whatever, and they watch it come down.
Holy shit.
So it had a really large impact on the way I thought about the world.
One of my other good friends at the time, I haven't talked to him in 20 years, but really
close friend in high school, his dad worked for the Port Authority police
and he was at a meeting
and they didn't hear from him for 48 hours. So think about that.
My buddy's sitting there, I'll never forget this.
48 hours, I think he smoked two cartons of cigarettes
and drank like two bottles of Jack Daniels
just waiting to hear from from his dad
And then 48 hours 48 hours the phone rings. He was okay
But think about what those two days could have been like, you know, we're like anything so and then think about all the people up
That weren't okay
So that's what drove me to really want to join the military, you know, I was a computer engineer in college.
My whole goal in college was to find a career
that wasn't working in the restaurant, right?
So I was studying computer engineering.
I thought I was gonna go into cyber and network security.
I was writing code in a computer lab.
And I just kept looking in the mirror and asking myself, like, what impact am I having
on the world?
What can I go do about everything that's happening right now?
And I had no idea what that meant.
It's like, I want to go have an impact on the global war on terror.
How do you do that?
So I started to talk to people.
I went and I went to these career days.
I started with federal agencies.
So FBI, DEA.
I'm like, what are these things all about?
I go to this FBI career day.
Best Navy blue suit I could find as a college student on.
I'm ready to go.
I want to do HRT or technical operations.
I really want to get into it.
I'm pretty athletic guy.
Like, oh, this is what I want to learn.
And he just looked at me like I have three heads.
Like, how did, what?
Why, what's your background?
I'm like, oh, I grew up in a restaurant, I played basketball.
And they're like, you need military experience.
And so I look, what's military experience look like?
So I start walking into recruiters offices
and I go to army recruiter and I go to airport
and I walk in this naval recruiting office in a strip mall in New Jersey and I say, you
know, I want to do tactical operations.
He's like, oh, let me tell you about the CLT.
Why don't you just sign right?
I'm like, whoa, whoa, whoa.
I'm not ready to sign.
I just want to learn.
And this Navy recruiter introduces me to this retired frog man from Vietnam era.
Gives me his phone number and he goes, call this guy.
He'll tell you all about the SEALs.
So I call this guy up.
I'm like, hey, you know, so and so recruiter tells me to
tell me to call you.
Like I'm trying to learn about the SEALs.
He's like, oh yeah, come on over.
He's like, where yeah, come on over.
He's like, where where some cami pants and some boots and we're going to go for a run and I'd love to tell you about the seals.
This is true. This is true, by the way.
So I get to his house is January in New Jersey.
Never met this guy before.
All I wanted to learn about the seals.
So let's go for a run.
He's fins in a mask with them.
I'm like, maybe it's just a seal thing.
Maybe you just always run.
Maybe you just always run with fins in a mask.
He runs me down to the Atlantic Ocean in January in New Jersey
and hands me the fins in the mask.
He goes, go swim out to the end of the jetty and back.
And I'm standing there on the beach
and I'm looking at the ocean
and I have a decision to make.
And I'm just like, okay.
So I take the fins and mask, I swim out to the jetty,
I come back in.
Only time in my life, Bud's everything,
only time in my life I got legitimate hypothermia.
Legitimate.
I went back to his house, he put a blanket on me,
I'm shivering, his wife's bringing me chicken noodle soup.
And he's like, okay, now I'll tell you about the SEAL teams.
Wow, that's cool.
Yeah, and that's how I got introduced to the SEALs.
There was a recruiting platform in.
I was based out of Long Island,
is ran by a retired captain, a guy named Drew Bissett.
And he just put together a network of SEALs or retired SEALs from
Connecticut, New York, New Jersey.
And once a month, everybody would just go and meet up.
And there would be all these recruits that want to be SEALs that would go and
train for the day and then get mentored by these retired SEALs.
So I ended up going to that a few times and I was like, you know what?
This is, this is exactly what I wanted to do.
This is how I had the impact. Culture, mission, impact,
everything was there.
And finished college, got my degree in 2003,
and I enlisted the day I graduated.
Wow, what a career change there.
Yeah, it was pretty bold.
My parents had no idea what I was even taught.
They're like, the what?
Like, you did what?
You know, we're going to take a break here, but you and I met a couple of
weeks ago, I think now on a trip that, uh, Joe Lonsdale had put together.
And you had mentioned, this is kind of going back to the basketball
thing that you were talking about.
And you're a dad, sounds like you're a phenomenal father.
And, uh, you had told me that I believe it's your
daughter is really into gymnastics and wanted to be
the best.
And, and you told me what you told her it takes to
be the best.
And I still remember when my kids are of age, I'm
going to steal that and use it.
But I just think that's like really good parenting advice.
So could you walk us through that?
A hundred percent.
And so my daughter, for the listeners, my daughter is nine years old.
She's been into gymnastics since she's three.
It's nothing we pushed her towards.
We, I mean, candidly, my kids are 15 months apart.
So when they were three years old,
we took them to gymnastics because there was a trampoline,
something to bounce on on a Saturday afternoon.
And through that, she just fell in love with the sport
and has become really good at it,
to where now my wife and I are like okay do
we do we make this investment do we homeschool do we drive her an hour and a half to a gym that can
train her at the level in which she needs to be trained at if she wants to go to the Olympics
which is that's her goal so this my daughter again daughter again, who's nine says, you know, I want to go to the Olympics.
I'm like, okay, well, here's what we're going to do.
We're going to homeschool, we're going to drive to the gymnastics gym, we're going to
do all of these things for you.
But is that really what you want?
Or do you just want to be good at gymnastics and have fun? Do you
want to go to a division one school and be a really good gymnast and have fun
with the sport or do you want to go to the Olympics which is there's four girls
on the Olympics team which one do you want? She goes, I want to go to the Olympics.
Okay, let me tell you what that takes.
Every day we're going to get up in the morning.
We're going to drive an hour and a half to the gym.
You're going to train for four and a half hours.
You're going to come home.
You're going to stretch.
You're going to ice.
You're going to eat the right way and do all
the things you have to do.
You're going to do your schoolwork.
You still have to go to school.
We're just going to homeschool so we can build in the flexibility.
And then you're going to get up the next day and do it again. that every single day for 10 years, maybe, just maybe, you'll
have a chance. And to her credit, now again, she's nine.
She looked me dead in the eyes and said, great, let's go.
Wow, that's awesome. So you guys homeschool?
We're gonna homeschool. We're going to homeschool.
We're going to start this year.
And my wife and I's philosophy is like, look,
if they find something that they're really
going to pour their energy into like that,
we're going to invest in it.
That's what I want to do.
I'm not teaching my kid how to be a good gymnast.
I'm teaching my kid how to change the world.
I'm telling her that no matter what she puts her mind to, she can go after it, but this
is how you go after it.
And whether she makes the Olympic team or not, like it's not, I don't know.
I don't know if she's good enough to be in the Olympics, but I'm not going to be the
one as her parent that says, no way, that's not possible.
There's only four girls in the country.
The world will tell her where her level is and where she tops out at.
And look, if in two or three years, she decides that this isn't for her, that's okay too.
But if she's going to give that level of effort into it, we're going to invest
behind it and we're going to encourage her to go be the best she can be.
That's amazing, man. I just feel like that's great advice for all parents. But let's take a quick break. When we come back, we'll get into your military career.
Awesome.
When the grid fails and no one's coming, you need more than a backup. That's why I want to introduce you to Paladin Power.
Most of America's 130-year-old power grid is fragile, outdated, and vulnerable.
Paladin Power gives you the ability to operate completely independent of the grid, no matter what happens.
Paladin Power builds advanced energy storage solutions, veteran-owned, American-made, and designed to take you off the grid for good.
One Paladin unit can run your whole house.
HVAC, EV, power tools, everything.
Other brands, you need up to eight, nine,
or even 10 systems.
That's not sustainable or practical.
They take up too much space and the costs are outrageous.
Paladin system is smaller, more powerful
and delivers the lowest price per kilowatt hour
on the market.
It's US made, tariff resilient,
warrantied for 20 years and built
with modern US manufacturing.
Plus they are actively working to develop
a lithium free fire safe system
that's years ahead of anything on the market.
Head over to paladinpower.com slash SRS to learn more. Use code SRS for up to 15% off. That's my
code SRS at paladinpower.com slash SRS.
The national debt is spiraling out of control. Trade wars are causing record volatility, and inflation continues to rise.
Are you prepared for what might be coming in the rest of 2025?
Don't sit on the sidelines. Take action today to help protect your hard-earned cash.
You can even do this tax and penalty free. Call today at 855-936-GOLD or visit SeanLikesGold.com. Have a plan, get
organized and protect what you've worked so hard for. Right now you can get a free
2025 gold and silver kit from my partners at the top rated precious metals company,
GoldCo. Learn more about the benefits of
gold and silver especially during these economic times. Plus you could get
unlimited bonus silver if you qualify. That's unlimited bonus silver. Help
secure your future today. Visit SeanLikesGold.com or call 855-936-GOLD. That's SeanLikesGold.com or call 855-936-GOLD.
Performance may vary, you should always consult with your financial and tax
professional before making an investment decision.
All right, Dina, we're back from the break.
We're getting ready to pick up on some of your military career.
And so 2003, graduate college, you go right into Buds, correct?
Go right into Buds.
I enlisted the day I graduated.
Well, back then you had to go, you obviously went through boot camp, it was enlisted, and
then A school, which is, hey, what are you going to do in the Navy if you don't make
it through Buds?
This since changed and they changed it a number of times, but I went to school, I learned
how to be a radar technician.
Here's how you read the radar.
I couldn't tell you.
Wait, were you an OS?
OS.
Oh shit, that's what I was.
Were you?
That's funny. OS? OS. Oh shit, that's what I was. Were you? Hahaha.
That's funny.
I still remember A-School.
It was down in Damnak.
So, the location of development group or Team Six.
And you see all these guys running down the beach.
And in A-School, you're like, who are those guys?
So, did that.
So, it took me about six months to get out the Buds.
So, I showed up to Buds.
And it was December-ish timeframe.
And you gotta remember, I don't know,
I didn't know San Diego in December was cold.
I didn't know anything about a winter hell week.
But I mean, Bud's was, I mean, you know,
it's just a grind, right?
It's six months every single day.
Can you get up at five o'clock in the morning?
Can you go to nine o'clock at night?
Can you go through and do all the things you have to do?
Be cold, wet, sandy, carry this, do that, keep going and just do it every day.
Um, there's only, there's, there's two moments where I didn't think I was going
to make it and those were the two moments where I think I learned the most.
The first one was Hell Week.
Hell Week started February, I forget the exact date, but it was like the first week of February.
It was Super Bowl Sunday that year.
And the air temp was 50 degrees and the water temp was 50 degrees.
And it rained three days out of that week.
It was, so they come in Sunday night, you know, break out and Hell Week starts and for
everybody that's listening to Hell Week, it's the fourth week of SEAL training where you
basically stay up for five days straight, no sleep, and you do the first four weeks
in a week all crammed in.
So Sunday night and then you start carrying boats on your head and you start carrying logs
and you're in the ocean freezing, you're doing all these things. I'll never forget I get to
Monday afternoon and for whatever reason I decided to wear a watch or I had a watch on my wrist
and I look at my watch and it's like 430 and I just think to myself like these motherfuckers
are crazy.
Crazy. crazy. They want me to go until Friday and I didn't think about quitting. But I
physically thought I couldn't make it. By Monday afternoon I thought my legs were
broken. Not even 24 hours. Not even 24 hours. I thought, like I literally thought,
I believed in my head that my legs were broken,
like right in the middle of my shins.
Not shin splints, not anything.
I'm like, they're broken.
I'm going to take a step one of these times
and it's just gonna go and give way.
And I remember thinking all this stuff
and I'm sitting there at Chow
where they're feeding us dinner. And I just remember one of the instructors going hey do not quit
Chow your entire body is gonna shut down
You're gonna feel like you can't go on just get up
Take two more steps and then if you want to quit
quit So I two more steps and then if you want to quit, quit.
So I looked to my buddy next to me who ended up making it as well. He probably doesn't even remember this story, but I looked to him and I go,
hey, when they say, let's go, don't ask me any questions.
Don't say, are you ready?
Don't do anything.
Just can you give me your hand and pull me up?
That's it.
And so they said, time to go.
He stood up, gave me his hand, pulled me up, took two steps.
Never thought about it again.
No kidding.
It was like a light switch.
Now it still hurt.
But that thought of, hey, I can't make it.
went away. And I just turned into the whatever.
What was I mean, I had a similar I had a very similar moment right about the same
timeframe. What kept because it sucks. It's hard. That's terrible. I was I was
like 18 at the time. And yeah, it was it was the next night. And terrible. I was, I was like 18 at the time and yeah, it was the, it was the next night.
And I, I, I was, I was like, man, that bill's looking pretty good.
I'm going to bring it a hot meal.
Sounds amazing.
And, um, and I remember telling somebody that I wanted to quit and he slapped me.
And then the only thought that, which I didn slapped me and then the only thought that which I
didn't care but the only thing that really kept me going was I just didn't
want to call my dad and tell him that I had failed well what was it does this go
back to the basketball thing for you or maybe a little bit I to be honest I
honest, I never really wanted to quit. I just didn't think I was going to make it. You know, there were people, and I remember this, and you probably remember this too, where the
instructors say, okay, time to go get back in the ocean and freeze your ass off for 15 minutes.
And I remember people looking at me and saying,
screw this, I got better things to do right now.
Literally, I have better things that I could be doing right now.
And for me, I didn't, like that's where I wanted to be there.
I wanted to make it.
And I did not want to go chip paint on the
ship for four years, which is the alternative. But it was just a question of if, if I could.
And getting up and taking those two steps after, again, I thought my legs were literally broken.
That told me I could.
And then fast forward, I finish Hell Week. Of all the stupid things to get,
to have trouble with, drown proofing.
Drown proofing?
Drown proofing.
You had, you were.
I could not float.
So I'll kind of, again, describe it for the listeners a little bit.
So this is when you get your hands tied behind your back, your feet tied together, you're
thrown in the deep end of the pool, and it's 15 feet deep, and you have to sink to the
bottom, jump off the top, jump back up to the top, you bob up and down for five minutes, you float for five minutes, you swim across the pool, you swim back and then you're
done.
I fundamentally could not float.
No kidding.
I would sit there and I would just watch my body go like this and all the way down.
And I'm like, I'm going to drown.
Like I just can't do it.
And I ended up getting rolled for it.
So I failed during on test day.
And I put work into it.
Is Drownproofing pre-hell week?
So at least the final one is.
They give you a couple of chances.
I know the final one's post-Hell Week because I went through Hell Week.
I went right up to the last day of first phase and ended up failing this test.
And I'd worked at it and I'd gotten it before, but this really taught me, this is one of
the lessons of, you know, the difference between,
and I talk about this, the difference between an amateur and a professional, and goes back
to my daughter's like, an amateur does something until they get it right.
A professional is going to do it until they can't get it wrong.
And when it's test day, you want to have that level of confidence going in.
Because if you're just barely scraping by on your own and getting it right,
you're not going to get it on test day or when it matters.
Or more importantly, when bullets start flying or there's real pressure around.
So I had to go in front of the seal board.
I had to go and say like, here's why you shouldn't kick me out of Buds.
Like it was a really shitty place to be.
And they say, OK, we're going to give you
a couple more months. Keep working on it. Whatever. And it was one instructor. One person
is the only reason I made it. He goes, Hey, who's the the oh, I see a first phase. He's
like, run over the pool right now. I'm gonna meet you
there. He's like, I had that same exact problem. I'm gonna show you how to do it.
Wow, so he saw something in you. So we went over there. He's like, you need to
stop trying to float and you need to rock your body up to the top. Everybody else floats, you rock.
And you could tie my hands behind my back right now
and go throw me in the water.
I could do that for 20 minutes.
So it was just getting that to click.
And it was one person that taught it to me.
Wow, wow.
You know, did you have any type of imposter syndrome going through?
I mean, I just, for a, I remember showing up at 18, I was probably a buck 40 soaking wet.
Yeah.
And I remember all of the people that would, we had like 240 something people at the
beginning and I remember seeing, and there was another class going through Hell
Week at the time, 239, and I just, I remember seeing just gargantuan men
quitting, guys that had come from Marine special operations and Olympic level
water polo players, and I'm just like watching them quit and I'm like, Holy
shit,
like I would bid high school wrestling and these guys, this guy's already been to Warren
back and he quit.
It was crazy.
I mean, the instructors our first day, they pulled up the list of here are the fastest
runners and the fastest swimmers and the, and they go, who's number one?
Okay.
Don't take this personally, you're gonna quit.
Don't care, you're gonna quit, every class.
And it was, I was like, wow.
Yeah, it was incredible to see.
I mean, and then the other thing was like,
just how important youth was, right?
We had this one person that was probably
in the best shape out of anybody, but 33 years old.
And his body just could not recover
at the speed of a 22 or an 18 year old.
And I think at 18 I wouldn't have made it.
I would have made it.
I had to have those other life experiences.
I had to really put work into basketball
the way that I did in college.
I had to fail at that.
I had to have the mental strength,
the perspective of,
I don't ever wanna quit at anything again.
If that wasn't in my brain, I wouldn't have made it.
What did it feel like you for you to graduate
It felt really good obviously you made something but
It was very it's short-lived. It's okay. You made it now go to your team and you're a new guy and now get ready to go
Combat right so I left buds and I went to an SDV team.
So SDV team two, which is based in Virginia Beach,
SEAL delivery vehicles.
So it specialized in, it's like a miniature submarine.
You have two SEALs in the front that are drivers,
four in the back that are being transported.
And you spend a lot of your time learning how to pilot
and navigate and do this thing on this mini sub.
Why I chose Virginia Beach and not Hawaii
and we were doing eight hour dives in the Chesapeake
in the middle of February in a seven mil wetsuit
was I guess beyond me, but that's where I was.
And honestly, is that each step of my career was exactly where I needed to be.
The team that I went to, even though we were working on diving and look, you
could say, okay, we're in the middle of Iraq and Afghanistan. There's no water.
Like, why do we have to work on this?
So there was some sort of disconnect there on the mission.
But the team, the individuals,
the platoon I was in was so strong.
I think 50% of our team ended up going to Team Six.
Wow.
Which is incredible.
And we all just trained together, worked together,
like pushed each other for this next.
And I still didn't really even know what Team Six was.
It was just as a new guy getting to SDV team,
like, man, it's just kind of this thing.
And I thought when I went into the teams, like again, I didn't know
what military was. I was like, I'm gonna do four years. I'm gonna do my service. And let
me get out. My very first deployment. So it was 18 months or two years in. I leave T I
leave the SDV team, I go over to team two, and I augment team six.
So that means like, you're not at team six, but you're it's like, if you're a college
basketball player getting to go train with the New York Knicks for a couple months.
And that's what it felt like to. And so I go on this deployment.
And I show up and this is I show up the very first day.
I didn't even meet anybody.
They're all in the team.
They're all in the team room and they're briefing this up.
And the person that picked me up from the airfield walks me into the team room and I
kind of just slide in and I'm looking around the table and these
are like men, right?
These beers, mid-dirty, like these are the most seasoned operators on the planet.
And this is my very first, this is my first time overseas.
And he throw me in the middle of this team room. And the team leader who's briefing the mission was going
through the things like, I need somebody that can, I'll tell this one, I need somebody that
can blend in with the local populace.
And everybody looks at you.
Yeah. I mean, I have, I'm Greek, I have tits, I grow a beard, I blend in very well
in that part of the world.
So he looks around the room, he's like, you.
And then he kind of does a double take, he's like, who the hell are you?
And I'm like, oh, from team two, he's like, whatever, shut up, stop talking, you're coming
with me.
And so that was my first op.
And coming off of that deployment.
What were you doing?
We were just doing some low-vis stuff in Bagram.
I mean, it was pretty basic, running surveillance
ahead of a bigger group.
And ran a bunch of ops with them,
spent three months on that deployment, came back,
went to Iraq for six months with Team Two,
and I went right to Green Team.
So you, so your first, your very first deployment
overseas was with Dev Group?
Yep.
Holy shit.
So you didn't even have any, any
thrown right into the fire experience to reference
right in the file.
Like, oh my gosh.
But the guys are great.
I mean, honestly.
Truly the best operators in the world
and that and seeing that
that's what gave me the drive to then
say, OK, like I want to go to Team
6, like that's what I want to do with my career from okay, like I want to go to team six.
Like that's what I want to do with my career from here.
I want to be a part of that.
That was incredible.
So come back, go to Iraq for six months with team two,
come back, go to green team.
And green team sort of the tryouts for SEALT.
It's another six month selection process.
I did not know that there was such a high attrition rate where you have experienced Seals that are selected as top performers that are going through the selection course and you still have another
80% attrition rate. And I just kind of went in and said, I took a very, I
think, down to earth perspective. And I think this is
why I was successful. I went in and said, I actually don't know
if I belong here. I don't know if I can operate at this level.
But I want to find out at a training center in Virginia Beach. I don't want to
find out on the middle of a hilltop in Afghanistan when it's too late and I get everybody killed.
So I just came into green team and said, I'm going to leave it all out there. I am gonna make every single decision I can.
I am going to make the hard calls.
I'm gonna be in the front of the line.
I'm gonna do all the things.
And I actually just want the instructors to see me.
I want them to see everything I'm doing.
And I want them to tell me if it's good or bad.
And then if it's bad, send me home so I don't get anybody killed.
Wow, that's like, that's the exact opposite approach of everybody I know that has gone
through there is be the gray man.
It's pretty stand out.
Don't be bad.
Don't be excellent.
Just be the gray man.
Well, I think by doing that, I was the gray man because I was never the most excellent at anything,
nor was I the worst at anything. But it was more of just putting your decision making out there.
Right. And I'll give you a story is kind of illustrates it.
Obviously, CQC or close quarters combat, like how you go through a house or a training building or anything as a group. It's a big part
of that training. And there was this one scenario where coming through a hallway, the whole team's
behind me, they have the paper targets set up. And I kind of peek around this corner
and I see a target and it's got a hostage you know the paper targets
with the hostage in front of it and the bad guy behind them and I look and it's
like way down the hallway and I'm like
do do do do and I take the shots and all I hear from the rafters is, Matt Vrukas, wow.
And in my brain, I'm like, and I'm going home.
So we finished the run, we come out and they're like,
and I'm expecting to get like lit up,
they're gonna yell, scream, they're going to do
all these things and then they're just going to send me home.
They're like, hey, so one of the rules that we have during training is don't shoot through
open doors.
It was a hallway, it was a really long hallway with an opening at the end.
I don't know if we really call that an open door,
but just don't do that again.
I was like, okay, check.
Then, and then I learned things after the fact too,
and then there was this,
so then after he told me not to do that again,
they gave me a really interesting pun.
They had me go carry two 20 pound medicine balls
and I had to carry them like they were my balls.
And they made me scream at the top of my lungs,
I'm so ballsy.
And everybody's looking at me like, what the hell is he doing? I'm
wondering what the hell I'm doing? Like, why? Why is this?
Why is this such a big deal? And I come to realize when I talk
to them later, and they're like, Yeah, you understand. Half a
dozen people were in that same position you were in.
You were the only one that took the shot.
You were, we had people look up to the rafters and ask, can I take this shot?
We're not going to be fucking with you in Afghanistan.
Like, we're not going to be with you there. Nobody's gonna be answering questions.
You're the only one took shot. Whether you should have or not, whatever.
But I'm like
They didn't actually care. They just wanted people that could make those decisions in those moments.
And that's what I kind of, that's what I took away was like, don't be afraid to make the
hard decisions.
Be decisive.
Be decisive, act, and don't shy away from the hard ones.
And I, I still practice that today.
You have to.
So spend, spend five years at Damnec and ended up transitioning in 2015.
Any significant stuff you want to talk about while you were there?
Did a bunch of deployments.
It goes back to, you know, my wife supporting me through all this.
You know, we got married in 2012. She moved down
to Virginia Beach in 2011. It's right about when I was getting the squadron. And this was,
before work from home was a thing. Right? So she made a deal with her company, I think it
was American Express, or she switched to Citibank.
She's like, look, I'm gonna go down to Virginia Beach, be with my husband, and then when he's traveling,
I'll come back to New Jersey, work from the office
in New York.
I was like, maybe you don't, you do not wanna do that.
Right?
The amount of time that we're on the road,
four years later, nobody knew she moved to
Virginia.
They're like, you live where?
It was commonplace.
So she did a lot to support me through all of that.
Did five deployments, I think in five years.
She was very, very busy.
And then the last deployment, it might have been the second to last deployment
Was really the reason why I decided to get out it wasn't because I
Didn't like the job anymore. And obviously you like you always love the guys and you love being around like people ask me
Do you miss the teams? I actually don't I don't miss the job. I miss the guys and it's just hanging out
But it was our last
deployment. I was I won't say where I was. But we were with a
foreign unit predominantly, I was managing like five or 600
foreign special forces soldiers in this outstation. And
wow, we were trying it so many different experiences to
being on missions that were approved by the president.
I was
not on the bin Laden raid just for the record.
I don't even like throwing leaving that possibility out
there.
I learned about that with a broken ankle and I was in bed in Virginia Beach
and I saw it on CNN like everybody else.
But being on missions that were approved at that level
to running five or 600, like SEAL Team Six
just opened up the door of experiences.
And so I'm on this deployment
in this really shitty part of the world and we had all these
regulations and red tape of what we could do and what we couldn't do with the foreign
units.
And so we're training them, we're working with them, we're doing all these things. And then this bad guy that we've been tracking for.
Months pops up.
And he's.
Four miles from where we are on this mountain somewhere.
And we're like, great, let's go throw our stuff on, we'll go get them,
we'll be back by dinner. And we're like, great, let's go throw our stuff on. We'll go get them.
We'll be back by dinner.
And because of the political environment, we, being the US soldiers that were there
and my team, we couldn't leave the base.
We did not get approval to leave the base. So we went through this whole rigmarole where we're like, okay,
you go get them.
We'll be here.
We'll tell you where to go.
And it was just this game of telephone and we're watching the ISR feed trying to direct them into the bad guy.
They can't the the foreign unit couldn't find them.
They're walking around in circles.
I'm calling back to headquarters.
If you just let me go, I'll be back in 10 minutes.
And we couldn't get that approval.
Wow.
And so they walk around for six hours.
They can't find them.
The guy gets away.
And I was just like, you know what?
The impact that I'm able to have here as an operator
is going away.
And if I'm going to be away from my family for six months,
I want it to be for a really good reason.
And so I decided at that point that I was going to get out,
go back to business school.
I got back from my last deployment two weeks before my son was born.
So I was fortunate to make it back and ended up going to business school six months later.
Wow.
So you'd planned on possibly doing a full career?
I was taking it one enlistment, one like four year block at a time.
But again, I thought I was going to do four.
I was at 11.
I was kind of thinking through the business school thing.
And I hadn't made my mind up.
And that, that just really made my mind.
I was like, okay, like I'm going to go start a new career.
I'm going to go get into business.
I'm 34 years old.
I'm just going to go do it now because.
Everything is changing the impact that I can have as an operator is
what I felt at that time.
Had been diminished.
And it was the right time for me with family,
physical stuff.
Like I look at guys, two knee surgeries
and two shoulder surgeries and I never got to that point.
I was getting close and it was the right time for me.
I look back and I actually say, I'm like, you know what?
It wasn't too early, it wasn't too late. It was 11 years was,
was my time.
What was the interest in business? Where did that come from?
Was that from a line of entrepreneurs? No, you know, I,
I always wanted to go back and get an MBA at some point. I don't know why.
I was just interested in business school.
And then I think I liked education.
And then I was really interested in finance.
Because I bought Google and Apple stock while on deployment in 2008.
And it turns out if you bought stock in 2008, it just did really well.
So I was like, oh, this finance thing is interesting.
So I showed up to business, so completely naive and not knowing.
I didn't know which way it was up.
I didn't know what I was talking about.
And I thought I had two
years to figure it out. Come to learn that's not how business school works. So you get
to business school and within two weeks they start, the school starts asking, okay, what
are you recruiting for? What do you want to do? We have recruited, we have companies coming
on campus next week. You still apply for your internship you did it and I'm like whoa whoa I just got out of the military like two weeks ago I
thought it two years to figure this stuff out so I very quickly said okay I
better get my act together and started digging into more of okay what does
finance actually mean and what is And what does that mean?
Because I'm not gonna just go buy Google and Apple
and like, that's gonna be my job.
So I started talking to people.
I'm like, tell me about hedge funds.
Tell me about venture capital.
Tell me about private equity.
Tell me about bond trading.
Tell me about anything I can think of
and all the things that I didn't know.
I just started learning about.
And I got really, really interested in private equity for a couple of reasons.
One, you really get that finance and investing experience.
So you have to become a very good investor.
And the skill set there, being able to identify companies and identify investments and what
makes a good company and a good investment, it's actually something I use a lot now running
a company.
So I was super interested in that angle.
But then also as a private equity investor, you get to, you own the company.
So the different kind of methods of investing
in private equity, you own, you buy over 51% of the company
as an investor, you're directly responsible for it.
You're working with the CEOs, the management teams,
you're implementing strategic initiatives,
like you're doing all of the things.
And so I was like, oh wait,
I'm gonna get investing experience
and I'm gonna get get an operating experience.
This is the best of both worlds.
I think I want to be an investor for the next 25 years, but if I don't, I'll just have this
great skill set all around.
And so I really looked at it as a continuous education of my business school career.
And I looked at the next five years as just, I'm just going to go learn as much as I can,
about as much as I can.
And that, for the most part, really played out.
I went to a company called HIG Capital and then went to Vist Equity Partners, which is
based out in Austin. But the whole, like, how I got there was actually really interesting and eye-opening.
I didn't realize how
as difficult it would be to break into private equity from business school.
I assumed like, I was gonna steal Team Sex.
Right? I get any, I was gonna steal team sex. Right?
I get any job I want.
And I very quickly started interviewing and they're like, yeah, I don't know what to do with you.
You don't know how to build financial models.
Yeah, I get your leadership.
I can't put you in as a leader. You don't know how financial models. Yeah, I get your leadership.
I can't put you in as a leader. You don't know about financial models.
There's a huge disconnect.
And so I started talking to the career counselors
and they were like, yeah, you can't go into private equity.
There's a career path for private equity.
I was like, okay, what's that look like?
Like, well, you have to go to investment banking first.
I was like, why?
Like, well, because you have to.
I'm like, why?
Like, you can't do it any other way.
I was like, okay.
So I went home and I'm telling my wife this story. I was like, you can't do it any other way. I was like, okay.
So I went home and I'm telling my wife this story. I was like, I gotta go.
And she actually knows me better
than I know myself at some points.
And she looks at me, she goes,
she kind of like rolled her eyes and was like, oh brother.
I was like, what?
She's like, they just told you you can't do it.
She's like, we're screwed. And so't do it. She's like, we're screwed.
And so I was like, no, no, no, I didn't make up my mind.
She's like, okay, yeah, you say whatever you want.
And so sure enough, I end up like, you know what?
Screw this, I'm gonna go into private equity.
I'm gonna figure it out.
So I started building financial models
in my apartment at business school,
in my off time from class and kids and everything else.
I was staying up until two or three o'clock in the morning
building financial models.
I completely reverse engineered my first one.
These are Excel spreadsheets that are,
you know, can be anywhere from eight tabs
to like 30 tabs long.
They're insane.
And the first one I reverse engineered took me.
Three weeks to do.
This is something that should take somebody that's not even that good.
Two hours took me three weeks.
I went into literally every box in Excel, read the formula, retyped it,
and then cleaning and like just went back and forth. And then just did it again and again and
again and again to the point at which when I started interviewing full-time,
I had heard enough of, hey, you can't do private equity because you have to go to investment banking.
So I just walked into the interview
and I talked to the managing partner and I said,
you know, let's just get something on the table
right out of the gates.
I didn't do investment banking.
I know that and you know that.
So let's have that conversation.
Let's not talk about my seal career
and you think I'm a great leader,
and then I walk out of this room and you say,
great guy, but can't do the job.
Let's talk about how I didn't do investment banking,
why I can build you financial models.
And if you want me to just go build you one,
just give me a computer and I'll go in the room next store
and I'll just build it for you.
And then we can talk about it.
And he looked at me and he said,
you build financial models?
I was like, yeah, I've been working on this for two years.
This is what I've been doing.
These are all the things that I,
I recognize the gap in my skillset
that I needed to close
in order to be successful at what I wanted to do next. And I just put all of my energy into it.
Impressive.
And so I ended up working at HIG Capital,
changing, moving to Vista a year later, and Vista was phenomenal. I was there for four years. The
team's incredible. I got to work on cool deals. It was like closing deals in London and Australia and working around the clock. It was
fun. It was fun. What is the difference between private equity and venture capital?
It's the stage of company and the amount of ownership that you're going to take. So
stage of company and the amount of ownership that you're going to take. So venture capital are the investors that we have now.
And typically they're minority investors and they're investing much earlier.
So the risk profile is much different.
So venture capitalists will look at companies and say, you know what?
I'm going to take a bet.
And their model is because the companies are so early, they don't have track record of
success.
They don't have financials to go and review.
They don't have 10 years of revenue that you can forecast off of.
It's in some cases.
And when we started the company, we had a dozen slides and the founding team. And that was it. Wow.
And so venture capitalists are taking those bets early on.
And their whole investment model is, look.
Ninety ish percent of these companies.
Aren't going to work.
So those are going to go to zero.
So I'm going to go invest whatever it is.
Let's say we have a billion dollar fund.
I'm going to invest $900 million into companies that go to zero.
The other call it seven to eight, nine percent will give me my money back, meaning they just
do okay.
And then there's 1% of companies that will just completely crush it.
The Facebooks and Googles of the world, hopefully the Sironics of the world, that just, that's
what the venture capitalists make all their money.
So it's much riskier.
And you're not looking to make money off of every single investment.
Private equity is on the other end of the spectrum where they're buying companies and their whole model is to make a three X return off of every
single company.
Okay.
So where do I have complete conviction?
This company is 15 years old.
It has a ton of revenue.
I'm not really taking risk.
I might take a risk where,
okay, the company doesn't do as well as I thought it would do.
I'd make 2X or I'd get my money back.
Or if it does really well, I make a 4X.
So you're taking much less risk,
but the variability in the outcome is also much
different.
So you're investing at different stages and different risk profiles.
Okay.
So you are, okay.
So private equity, you're basically, you're taking the damn near for sure bet in jet launching
the business through capital.
Private equity I equate to is like, you're buying a house and just trying to fix it up
and flip it and venture capital is like,
you're just buying a plot of land
and hoping a city develops around it.
Gotcha, gotcha.
Wow.
What, how was your transition out of the military?
I mean, talking about not just going to school,
but post-traumatic stress, traumatic
brain injury, reintegrating in with the family on a full-time basis, dealing with civilians,
going to school with a bunch of people that had never done what you'd done.
I mean, how did you fare with all of that?
It was hard.
It was hard. It was hard. I mean, if you look at it on paper and the accomplishments,
yeah, A+.
But you sit down and have a conversation with my wife.
It wasn't easy.
You mentioned imposter syndrome earlier.
This is where it really came into play for me.
I didn't think I was gonna get a job. Like, literally, I'm like, what do I know? I know how to clear hallways and
shoot guns. I'm not gonna get in. There's one of the deans of the school really mentors the
veterans a lot at war and she's she's amazing
And I used to go in her office. I'm like, man I'm like I'm like any a job and she was just laughing maybe like you're out of your mind. I'm like no seriously
I'm being I'm being serious. So there's all this stress that looking back on it. I
Would have I would have liked to just know that it would have been okay, right?
and I think I put a lot I put a lot of pressure on myself
to not only figure it out, but figure it out quickly.
And that's the other thing I underestimated,
like how long this transition would really take.
Right?
This is 10 years later, it's like the first time
I really feel like I have my feet under me.
Wow.
Right?
And everything in the teams too is relative.
You're always comparing yourself to the guy next to you and you're like, well, I'm not
as messed up as that guy.
Like, I can do it.
If he can keep going after four surgeries and being an exploit, like, I can do it. He can see, if he can keep going after four surgeries
and being an exploit, like I should keep going.
And that's not necessarily the right attitude.
And I love that you said post-traumatic stress
and not post-traumatic stress disorder,
because it's not really disorder.
Like, it's just, you're fundamentally different after going through certain traumatic
experiences. And if you think you're not, that's the problem. And I think for too long,
I didn't think that my military career affected the way that I was thinking about things, affected
my emotions, my ability to connect with my wife and my family and like
all of these things that looking back on it I should have noticed earlier, right? I came out,
I went, I'll never forget this, so I went to the VA and did my whole like VA offboarding thing
and I specifically waited. So I didn't go in Virginia Beach.
I went in Philadelphia. So in Philly, they're not used to seeing team guys and Marines and everybody at all the time.
And I used to hear in crazy stories. So you get out of that environment and I go to the VA doctor and he's like yeah just tell me your tell me your combat history and I
just and I just think I'm telling the story and he almost falls out of his
chair and you're like okay just stop you need to go see this for this but I'm
like no no I'm just I'm just, I'm fine. I'm telling you a story.
He's like, yeah, we're going through these steps. I was like, okay, okay.
Not normal.
It's not. He's like, it's not normal. But when you're living in the team environment, when you're in the SEALs, or you're in the
Marine, you're in a very high paced culture like that, it becomes very normal.
And people don't realize, and I think the team is doing a better job at it now,
but it should just be like an education. Like, how does this type of trauma impact the way that
you see and think about the world? How does it impact the way you interact with other humans?
When I got, when I transitioned, when I went to the business school,
I didn't want anything to do with the military.
It was like, I'm done here.
Checked out.
I didn't even want to join the Vets Club.
Didn't want to hang out with that.
Did I want to hang out with that. I wanted to go a complete opposite direction.
And then little by little, I just realized, okay, that's my close friend.
Okay, this is what I care.
Okay, this is what I relate to.
Okay, now it's, no, I actually want to dedicate my life to keeping people safe, and this
was just a little break that I needed.
And it just took me a while to get there.
You just mentioned basically you were talking about the competitiveness within the teams
and measuring yourself against the guy next to you and I think a lot, you know, that's
the way it is there.
And you said that that is, you know, maybe not the right mindset.
And this is something I think about a lot.
So I just want to kind of see where you're going with this.
What is the right mindset?
Being the best that you can be.
Right. being the best that you can be. Right?
And I'm not saying measure yourself against others in the sense of don't compete.
Competition is healthy.
And I think a certain level of competition in the teams, I actually think that's the
best form of competition where
you're my buddy.
I will literally give my life to protect you.
But I also want to beat you at everything.
And that makes everybody in the team better.
Where I think it becomes unhealthy is the,
okay, I haven't had three knee surgeries, I shouldn't be complaining.
I shouldn't go see the doctor.
I didn't have a house collapse on my head.
I shouldn't be, I shouldn't have PTSD, right?
I shouldn't go talk to this person, right?
It's, just because you didn't have that
experience doesn't mean you didn't have something impact you or affect you. And doesn't mean
that you don't need either physical. Like so many guys put off injuries, so we could
keep deploying and that is probably the right thing to do. I did it. We had it. It was like, it's game time.
We're going to deal with this later.
But then go get it dealt with.
Your brain is the same way.
And I think we just, as a community, underappreciated both of those things.
Do you think it is important to pick who your competition is?
Oh, absolutely.
Is then
absolutely.
It took, it took me a minute to figure this out, you know, just even though our
businesses are obviously very different, you know, I, I still, when I left, I
still had that mindset of, of, you know, what are my peers doing?
How do I measure up against my peers?
And a lot of those peers, you know, had separated from the Navy at the same time
or were still in, and it was, it was just, I was always measuring myself against my
peers.
It wasn't really until I had gotten rid of that and.
Leveled up my competition to people that weren't my peers, but people that
were already way ahead of me and that's who I, you know, internally, not externally
internally in my head, that's who I, that's who I considered my competition to be.
Were people that were way up
here. Compared to where I was
hundreds and in anything in life and sports you come in like you there's a thing you play to the
level of your competition. And that's where you're going to step your game up to. And when I was in
private equity, I wasn't competing against my peers from the SEAL teams
and saying, hey, I just want to be more successful than them.
It was, how am I the best private equity professional?
How am I better than this person that's been investing for 15 years?
How do I get better than them?
How do I learn from them?
And now it's the same thing in the business world.
I look at other CEOs, other business leaders,
work with Joe Lonza a lot,
who I know we talk about,
how do I get to be that good?
How do I have that level of insight
across that many different things
that can drive this company
into a truly, truly generational company?
When did you figure that out?
At True Classic, the mission goes far beyond just great materials and a good fit.
It's about helping men show up with purpose and feel sure of themselves.
Their clothes are designed to fit right and price so that any guy can feel confident without
overspending. True Classic was founded to make a real difference and that's what makes them stand out. They're driven by purpose.
Whether it's helping men feel their best day to day or giving back to communities
in need. I've been wearing True Classic for a while now. Whether it's working out,
going out to dinner, running to meetings, you can feel the difference the moment
you throw one on. Tailored where you want it, relaxed where you need it,
no bunching, no stiff fabric,
just a clean, effortless fit
that actually works for real life.
For get overpriced designer brands,
ditch the disposable fast fashion.
True Classic is built for comfort,
built to last, and built to give back.
You can grab them at Target, Costco,
or head to trueclassic.com slash SRS and get hooked up today.
Oh man.
Sometime after business school and before Saronic,
I don't know if I could put a date on it.
It wasn't immediate, right?
Because in business school, you are, you're like,
every other vet going to a recruiter trying to find a job.
You're kind of, you are kind of competing
in that vet's network community.
And it feels like you're, you're part,
and it was just getting out of that,
going into private equity,
but then also not doing that for a year or two.
Like I was there for five years, right?
Really was building a career there.
And so somewhere along that way,
I got over the imposter syndrome of,
you talk about like, I don't really belong here.
These people are like, they're brilliant. There were folks that could sit there
and tell you every single number
about every single company they've ever worked on
in the last decade.
Wow.
And I'm like, trying to remember what the revenue was
on the company, the meeting we let us
let 45 minutes ago.
I'm like, I better think.
And so it was getting into this
process and building the habits and building the skill sets to
be very, very good at it. That then one you got over the kind
of imposter syndrome, the okay, I'm a veteran coming trying to
be a private equity professional to not just work in private
equity, and I'm going to be the best investor I can be. Now I'm
No, I just work in private equity and I'm gonna be the best investor I can be to now. I'm
I'm a CEO, but it's not I'm a veteran who's trying to be see like that's just who I am what I do have to be the best at that and
Being in the teams is just part of my background. Do you do you believe in limitations?
Yeah, you do I think everybody has let limit. You have physical limitations and mental limitations.
I do believe that.
I don't think I'm ever going to be able to solve quantum physics or jump 50 inches into
the air.
I'm just not.
But within the capabilities that God has given me, how do I push those and maximize those
to have the largest impact and really get the most out of them?
Interesting.
I believe there are limitations, but I think that if you find what you're meant to do,
then it is limitless what you can do.
What you can do is limitless if you're doing the right
thing. I mean to build a company that's got a four billion dollar valuation in
what three years? Under two and a half years yeah. Two and a half years I mean
that's to me that proves it right there just another person that that is. But it
goes back to your point of if you're doing what you're supposed to be doing, right?
I can't go and do anything in the world
and be the best at it, right?
If you wanna be the best at something,
I can't do that in every aspect of everything.
But this is truly what I'm meant to be doing.
And when you look at the decision to start Saronic, the first decision point that I made
was I want to get back into defense.
It wasn't what company should I start?
Where's the market gap?
How big is the opportunity?
Okay, this is going to make a bunch of money.
Okay, now I'll go do it.
It was, no, I want to get back into defense.
Okay, why do you want to get back into defense?
Because I want to help keep people safe.
That's what I did for 11 years of my life.
That is ingrained in who I am.
I needed a break from that, but now I want to get back to that. And if I'm thinking
about my career, and I'm thinking about the next 25 years of my life, that's what I want
to dedicate my talent sorts. And I didn't know anything else in that. Another question.
Like I had mentioned, you built a four billion dollar company in valuation in two and a half
years.
I mean, did you ever think that that's how this would turn out?
No.
Was there any aspirations for that even to happen or were you totally ingrained in what
you were doing?
No, the dream was there, right?
We wanted to build a really big company,
but big so that it could have an impact, right?
Cause you wanna have a really big impact
and to have a really big impact,
you have to be a big company.
But going back to the time that it would take to do that,
I thought if we're wildly successful and everything works we're in
year seven year eight maybe you know I thought this was going to be a decade
long thing just to get here now when you look at where we're gonna be in a decade,
it's awesome because of this directory that we're on.
And one of my favorite quotes, I think it's Steve Jobs
or Bill Gates, one of those two,
said we always overestimate what we can accomplish
in a year and we underestimate what we can accomplish in a decade.
A decade's a really long time.
In 10 years, you can change the world.
Now, I did not think we were had,
and we'll talk about kind of where we're going,
but I didn't think we had this level of opportunity
in this amount of time.
How fast we move is completely remarkable. level of opportunity in this amount of time.
How fast we move is completely remarkable. What do you attribute that to?
Few things.
One, we've attracted a world-class team,
like truly world-class.
I'll get into the founding team, how that came together.
But A-plus team from across industries, from top companies,
SpaceX, Google, Tesla, Androl, out of the military,
I mean, people that are super passionate about the mission
and want to dedicate their talents to building
the products that our country needs.
Second thing is capital.
Investors.
Joe Lanzel was our first investor.
We have a list of phenomenal investors.
Ray Tansig from Caffeinated Capital,
Catherine Boyle from Andreessen Horowitz,
who runs the American Dynamism Practice,
and Allad Gill led our last round.
These are top investors in Silicon Valley
that have given us close to a billion dollars to date.
Wow.
But it's not just about the money.
You know, my job's to go and make a return,
but it's not just that they've given us the money.
It's like, they want us to go after the really hard problems for the country.
And they've trusted us with that money to move quickly, to build products faster than
government contracts, for the pace of government contracting, so that we can get solutions
in the hands of our warfighters as fast as possible.
We couldn't do that without private capital.
The third thing is the customer.
In this case, and we'll talk just the defense, it's military, right?
I haven't seen the Navy move with this pace in anything, right? You can have a great team and a ton of capital.
And if the customer doesn't start changing
and adopting things,
one or both of those things are going to dry up.
So in order to create this like hyper growth environment
that we're in, you need those three things to come together.
And you need the Navy to lean in and in certain places
where they've been very, very risk
adverse to start changing that culture and moving alongside companies like Ceronic and
adopting solutions like this.
Otherwise the investors aren't going to keep pouring capital into it. So the ability to bring those three things together, world class team, incredible investors
with a lot of capital.
You say a billion dollars kind of lightly, that's a lot of money.
I don't take that lightly for one second.
That's a lot of responsibility and a lot of trust that was placed in the company and
in me and the leadership team. Right? We earn that trust every single day.
And then customer with that, oh shit problem that we got to go solve for them.
How did you, you told me this on our trip, but I love the story by the way. How,
this on our trip, but I love the story, by the way. How did you come up with Saronic and the conversations
that you had with your wife when you decided
to leave private equity?
So the first conversation we had, it was going back
to what I was talking about a moment ago,
like I just want to work on things that keep people safe.
That's how I want to spend my life.
That's what gets me up in the morning.
One of my favorite quotes ever, and I need to figure out who this quote is from,
but it's, don't ask what the world needs.
Ask what makes you come alive, because what the world needs is more people that have come alive.
And it was pretty powerful.
And so,
I figured out that this is how I wanted to spend my life.
And I knew, I just knew, I would never figure it out,
working at a private equity firm, working anywhere, out working at a private equity firm, working anywhere,
but specifically at a private equity firm,
working 80 to 100 hours a week,
just grinding through other stuff.
You just don't have the time, the bandwidth,
the mental capacity.
And for me personally, it's like
the kind of like all in mindset.
And that's what I need.
When I go after things personally, everybody's different.
I know that if I'm going to do something
or I'm really gonna do it,
then I just gotta be all in.
So I went in thinking I was gonna explain this
in a very rational way to my wife.
And mind you, she had just left her job
and she had a 20 year career.
She just, we decided now I'm in private equity And mind you, she had just left her job and she had a 20 year career.
She just, we decided now I'm in private equity
for five years, my salary has grown,
we're in a comfortable place.
I necessarily, I'm getting promoted, I'm doing the things,
everything's looking great.
And I walk into the living room and I'm like,
I have to quit.
And she looks at me and then I could just, she wanted to say like, get out of my face.
And you have two kids at this point.
Two kids. Oh yeah. This is in 2020. This is early 22. So my kids are
seven and six, seven and six. Yeah. And we're living in Austin and we have a house and we do have all the thing.
And so it's like, I have to quit.
She's like, okay, tell me why.
And I go, well, I'm going to go build a defense tech company.
And she goes, that sounds great.
That sounds really exciting.
What does your company do?
And I go, I don't know.
It builds technology for defense.
And I was like, I didn't have the answer.
I just didn't know.
But I knew this is what I wanted to do and what I was supposed to be doing.
And so she heard me out.
And as always, she supported me, which is incredible.
And we came up with a plan.
It was like, look, here's, here's the plan. If in 12 months, if I'm still
wandering around the streets saying, hey, I want to build a
defense tech company, and there's nothing concrete, then
we go get it. Like, I'm not looking for perennial
unemployment here. I'm really looking to follow my dreams. And
this is my dream. She's like, huh?
Then you gotta go for it.
And you gotta go for it.
So walked in, quit my job and started building out Saronic.
With no idea what it was gonna be.
With no idea what it was gonna be.
So started thinking through, okay.
Well, first step was I thought I was gonna take
like a couple of weeks off and at least clear my head
a little bit before diving right in.
And the next thing that happened was
I caught up with Joe Lanzel.
How did you guys meet?
So Joe and I met 2020 is timeframe when he moved to Austin.
He was networking with some SEALs and military folks.
He invited me to his house for breakfast.
We did a workout.
This was again 2020, early 2020, early 2021.
And it was great. I was like, great, cool guy, early 2021. And it was great.
I was like, great, cool guy, like awesome.
I thought I'd never see him again.
Six months later, his EA emails me,
he's like, hey, do you want to come to Joe's house
for a workout and breakfast?
Sure.
It was great.
Last time was fun.
Do it again.
We were talking about investments,
things I was working on at Vista.
There were like some overlapping companies.
So it was just nice guy, cool to go to.
So fast forward, quit my job.
I wanted these breakfasts.
It's like, what do you have going on?
I'm like, oh, I like, I quit Vista and I'm going to go build a defense that company.
And he kind of did the same double take that my wife did.
He's like, I'm sorry, what?
And I've, I've learned from the conversation.
I go, no, no, don't ask me any questions.
Cause I don't know.
I'm not pitching anything.
I don't know what it, and he goes, no, no, no, that's perfect.
Come join APC. let's build this together let us support you it's your company it's your thesis it's
your idea everything he's like use our resources use me as a mentor use me as
advisor and we want to invest in you when you come up with that idea. Wow.
And I was floored.
And that's a skill.
Like Joe saw something in me that I didn't even see.
Right. I think at that point, you know, I was saying I wanted to build a defense tech company.
Did I really think it was going to come true?
Did I really know all the steps that it would take to get it done?
No.
So just jumped right in.
Started working, started building out thesis ideas
and Vista really taught me how to run a really disciplined
and really intellectually honest diligence process.
So I was able to structure things and lay them out
and say, okay, I'm going to go look at this, then I'm going to them out and say, okay, I'm gonna go look at this,
then I'm gonna go look at this,
then I'm gonna go look at this,
and here's how we're gonna map the universe,
and here are all the things that we can look at.
And I mean, the military puts out a strategy,
they're like, here are the 14 things over the next 50 years
that we're gonna be investing in,
cybersecurity and autonomy and AI, et cetera, et cetera. If you're not in one of those 14 things, what are you doing? So I started mapping that out.
I actually started out looking at a 5G cybersecurity idea. Battlefield communications are changing,
networks are changing, there needs to be new security. And I just went really deep there for about six to eight weeks, again, laid out the diligence
process.
And as in any diligence, the most important part is getting people on the phone.
It's having conversations with the experts and saying, hey, tell me about the market,
stop me when I'm wrong.
Talk to me about X, Y, and Z. How is this evolving?
What are the real needs? And
I just did that over and over again. And the more I did that, the more it was like, okay,
this isn't, this isn't a big enough problem to be a big company or have a big impact.
And so we ended up killing that idea, turning it off pretty quickly.
And again, it goes back to just be disciplined,
be unemotional, and just make the right business decision.
And started looking at maritime autonomy.
In fact, a really close friend of mine
showed me a YouTube video of These two surfers in Germany that built a hydrofoil surfboard out of a Pelican gun case
And of course two team guys sitting there with the six-pack say well, I bet I could put some explosives in that
That'd be cool product
And it's not like well, what would it be? And so I go and I
start building out and like, okay, well, what does maritime look like? What does maritime
autonomy look like? And I'm going to conferences and I'm looking at things. And you walk in
all these conferences and you see 25 different drones hanging from the sky.
And you're like, oh, there's a lot of advancement in aerial autonomy.
There's even advancement in subsea autonomy.
And I wasn't seeing autonomous boats.
I'm like, why aren't there any autonomous boats at these conferences?
And so I just walk over and I look at,
I'm like, okay, well, we're just the boats, right?
And you'll appreciate this.
So I walk up to the Zodiac booth,
and you know Zodiacs, the little speed boats
we use in the SEAL teams with the outboard motor,
carry six people.
They look like they're from Vietnam.
They're like 1970s technology.
And you're always, the motor's never starting,
it's always, it's a piece of crap.
If you go on the Zodiac website,
they have these really cool fully electric jet drive,
like push button Zodiacs.
So I go up to the booth and I'm asking, I'm like,
why on the zodiac website do I see this thing that looks like it's from.
2022 coming off the back of a yacht.
When the SEAL teams get this.
And he goes, oh, we're actually different companies.
That's Zodiac, big Zodiac.
This is Zodiac Mil Pro.
And we're just the Zodiac military company.
And so I'm like, so you don't innovate?
He's like, no, we're different companies.
I'm like, oh, that's interesting.
So I started saying, okay, like where's the innovation in maritime?
Where is it?
And I couldn't find it.
The Navy, again, going back to what Congress is doing with the Navy, the Navy has been
doing research and experimentation with a number of different companies.
And a lot of it has been just that, just experimentation, proof of concept.
I was like, where's the real capability that scales?
Where's the company that's software first, hardware enabled, that's vertically integrated,
that can produce its scale, that's delivering real capability?
Where's that company?
And I didn't see it.
So then the second question I had to ask was like.
Does anybody care that this company doesn't exist?
Or does it matter?
Because it's OK to have a gap in the market.
The question is like.
Is that gap going to get filled?
Can you build a real generational company here?
Basically, is the Navy actually going to buy thousands of autonomous systems or not?
And if the answer is no, that's okay.
Then I just don't want to start this company because then it doesn't matter.
That's when you start going into shipbuilding, shipbuilding capacity, all the things about
China that we were talking about.
And you very quickly realize,
oh crap, the Navy actually doesn't have another choice. There just isn't another choice.
We have to move in this direction.
We have to augment our fleet with autonomous ships,
boats and ships.
We have to,
we have to be a force multiplication to the fleet that we have today in order to maintain
naval superiority.
Otherwise, we just won't have it.
The Chinese have went from this little crappy littoral Navy to one that has aircraft carriers,
nuclear submarines, and hypersonic missiles
in less than 25 years.
And they build their military solutions specifically to counter the US.
We are their focus.
And that's scary. So then you're like, once we kind of put all of that together,
it wasn't even a question of, oh, this is cool. I'm an entrepreneur. I want to start
a tech company. I want to do these things. It was like, no, we have to start this company.
It's not even a question of do I want to anymore.
It's a we have to, and it's our responsibility to do so.
Why do you think we are China's focus?
Because we're the global power, right?
Anytime you're on top, people are trying to take you down.
And that's just anything.
That's life, that's sports, people are, it's competition, right?
And that's been happening since the beginning of human civilization.
And the other thing is, look, they look at Taiwan and Taiwan's they view it as their right
to go and reclaim that as part of China like that is fundamentally their right as a country and
the United States
Does not agree with that and
You know we for better or worse
Feel it's our place to project democracy around the world.
And I fundamentally believe in that.
And so those are two diametrically opposed viewpoints.
But to give you a sense of kind of the problem that we're facing, imagine that Cuba was critical to the world's economy,
like critical to the world's economy.
And the Chinese wanted to stop us from invading Cuba.
It's a hard problem.
Cuba is 80 miles off the coast.
Taiwan's 80 miles off the coast of China.
It's on the other side off the coast of China.
It's on the other side of the world for us.
So you really have to have deterrence in place
to make sure that they're not projecting
what they view right
and what they view the world should look like.
And the world that the Chinese government projects
and the CCP projects, we don't wanna live in the world that the Chinese government projects and the CCP project, we don't want
to live in that world.
That's not a good world.
A world where the US is not the predominant superpower, it's actually a really, really
scary place.
So we have to make sure that we're able to deter or defeat the Chinese in the South Pacific,
if it ever comes to that.
How do you even know where to start? You see a gap, something that needs to happen.
I mean, there's a lot that goes into this.
There's raising the capital, which we've established,
but there's also getting in front of the right people.
You just start building.
That's how you need an elephant.
You need an elephant one bite at a time.
So we had the capital.
Next thing was founding team.
Who's gonna actually build this thing? And when you talk about how that actually came together,
again, there's something very special happening here
that's outside of any one individual's control.
So three co-founders, Doug Lambert,
who's our chief operating officer,
Vib Altakar, who's our chief technology officer,
and then Rob Lehman, who's our chief
commercial officer.
What are their backgrounds?
Doug was the head of engineering at a company called Liquid Robotics, which was a maritime
autonomy company.
That company sold to Boeing in 2017.
He's been in maritime autonomy for 15 years.
He got recruited away from Liquid Robotics to start building an autonomous submarine
in Austin, Texas.
What are the odds of that?
Wow.
And he left that role two weeks before we like getting ready to start surrounding.
And so I got introduced to him in Austin, wheeling up.
We're like, I'm like, I want to go build this.
He's like, that sounds awesome.
We worked together on it for a few months.
He's like, we got along really well, you know, along with the other two who I'll go into
in a minute.
And he's like, yeah, we're like, let's go do this together.
But what are the chances that somebody with 20 years
of experience in maritime autonomy is sitting in Austin?
Not high.
Vib was from Enderall.
So he was employed, Enderall has, I don't know,
who knows now, 5,000 employees.
He was employed 22 or 23. He ran software,
computer vision, sensor fusion, across their product lines. So I was talking with Alex
Moore, who's one of the partners at ABC, who helped start the business, he's on our board.
And I'm like, man, and we had Rob, I'll get into Rob's background. So it was me, Doug and Rob.
We need a software guy, but we don't just need a, we need like the software guy, like
an absolute killer.
We need the best software person on the planet.
And we're just talking and I'm just going off on where I'm going to go, like how we're
going to find this person.
And he goes, Oh, I got the guy.
And I'm like, okay.
Okay.
And he introduced me to Vib.
Vib flies out to Austin.
We spend the weekend together, introduce him to the other co-founders.
Universally, this guy is brilliant.
Brilliant.
Phenomenal software engineer, able to,
able to make me understand the technology.
That's a very special skill set for an engineer,
to be able to articulate, talk to customers, build things, manage team.
This is a guy. And we knew just like that.
Rob, this is going to be a crazy coincidence.
I met Rob on a hunting trip with some folks from ABC.
So we're hunting in South Dakota. We're shooting pheasants in South Dakota. One of our good friends from Austin puts on this hunting trip, invited some folks from AVC,
invited me, invited Rob, who he knows for a really long time. And so we're all together in South
Dakota randomly. And Rob and I, former Marine, he was in the Marines for five years and then finished out his career as a reservist.
So Marine, former Marine, former Navy, like we're talking or having beers, whatever.
And then six months later, he actually ran his own consulting company, which helps small businesses contract with government.
He has this phenomenal background where he worked at large prime,
was a registered lobbyist.
You can talk about like how we understood how to lobby,
how we understood how to navigate the hell,
how we understood how to navigate the government ecosystem.
Rob, Rob lived it for 25 years, right?
Here's the piece that gets left out. and then it's like these little intangible
things as what makes Saronic so special. Rob's uncle was the secretary of the Navy for six
years. John Layman in the 1980s under Reagan. Now, and John's an advisor to us now, it's not saying like,
Hey, his uncle's why we're successful.
But here's a person that I met on a hunting trip that grew up
inside the Navy, that understands how to navigate that ecosystem in only a way
that somebody that grew up in it could understand, And that's what you need to be successful.
So once we had the team in place, then it was like, let's just start building.
All right.
And we had a very, very like laser focused view from the beginning on scale.
It's like, yes, we can build the best software.
Yes, we can go design really cool hardware.
But if we can't put it all together and build at scale,
like thousands of units, it doesn't matter.
I don't care how good the software is.
I don't care how cool the hardware,
I don't care how cool the boat looks. If you can care how cool the hardware looks. I don't care how cool the boat looks.
If you can't build thousands, it doesn't matter.
It's all irrelevant.
So our next hire was a guy named John Morgan.
He was our third employee, runs our manufacturing.
The first question I asked him was,
John, we don't even have a design for a prototype yet.
Why are we hiring ahead of, do we need a head of manufacturing
now? Explain it to me from your perspective, because he lived
it. He was at SpaceX for 10 years. He was a direct report in
the Elon Musk. He took the Falcon nine engine from prototype
all the way to production, or the Raptor engine, excuse me,
from prototype all the way to production or the Raptor engine, excuse me, from prototype all the way to production.
Insanely talented guy. I'm like,
we're not building anything. I don't even have a design for you to build.
Like if we don't start thinking about manufacturing now, in 18 months when you build your first prototype,
you're screwed. You're gonna have to start all over again. again. You have to put the processes in place.
You have to redesign it for manufacturing. Your product isn't even going to look like
what your prototype look like. You have to start now if you actually want to produce
that rate. Now, if your goal isn't to produce that rate, start whenever you want. But if your goal is to produce that rate, you have to start now.
And I go, okay, I'm sold.
Right.
So we had this core nucleus that was just a plus players and it just
built from there and built from there.
And we just started building things.
And we had our very first prototype in the water in under six months.
No kidding.
Yeah.
We actually had one.
That's our first official prototype.
One of the very first things our engineers did, they bought
an $800 raft on Amazon.
An $800 raft.
They put $30,000 of cameras and sensors and batteries and a motor.
And they turned the same out on Spoke.
Like we just need something.
We have to start programming.
The hardware is going to take six months.
We're gonna start programming in the interim.
Went to Amazon.
That was built in like three weeks.
And we're building out the software platform that's going to power all of our hardware
platforms.
And we had a 5,000 square foot warehouse, which was essentially just one rectangle.
There was one door in the front.
And we had our first visit from a congressman and this $800 raft is sitting on top of a
There's a dermal bin essentially. It was a rectangular garbage can was our stand for this boat and it was cargo strapped on
And I'm like what what am I gonna tell this congressman? We're actually doing here and
He came in. I'm like sure this is what we're doing. Here's what we we're building here's our first test unit we're building so fast that we can't
wait for the hardware to get them on this is the speed that the United States
needs to be building at and he loved it um do you have a picture of the raft I
do not actually I'm sure we do somewhere I'll send you one I'd love to see it
yeah I'll send you I'll send you some. I'd love to see it. Yeah, I'll send you. I'll send you some photos.
So had that built their first prototype in six months. But more importantly, we sent that right out to the Navy. We're like, let's go start testing it. Let's get it in customers hands.
We started using it with the Navy. We started using it with commercial customers. We started
testing it. We started putting it in environments and saying,
okay, where does it work?
Where does it doesn't work?
What needs to be better?
And then we iterated on it and we made it better.
And we brought it to manufacturing in another six months.
We did a complete design spin from June of 23
to December of 23.
And then we're producing a rate by January of 2024.
All in the same time, we're launching our second product
and then our third product to where in under two years,
we brought three different product lines to market
all ready to be manufactured at scale.
Our six foot boat, our 14 foot boat, and our 24 foot boat.
Now we did that again in under two years,
that's remarkable, right?
It truly is.
I don't think, and we went and did the research
a little bit, but I don't think there's been
a hardware company, let alone a defense hardware company
that has brought products to market
and has had them fielded in under two years.
Now that may be changing a little bit,
but that is an incredible pace to operate at.
And so from there,
we're now launching three new products this year.
So we're only speeding up
because we've been able to raise a billion dollars.
We have 450 employees
and growing by the week. We have 500,000 square feet of manufacturing space to build these
solutions in. We have, gee, I don't even know how many different locations. We have Austin,
D.C., San Diego. We just acquired a shipyard in Franklin, Louisiana to build large autonomous ships.
We can get into that.
We're moving from autonomous boats to autonomous ships, and we're doing that now.
We're opening a Sydney office, Australia, and London in the UK.
Wow.
So our focus on global sales.
Not just global sales, one of the things we focus on is production.
As we partner with countries around the world,
how do we really give them
the same capabilities that the United States has?
Well, if you designed a system
that can produce platforms at scale,
and those platforms are designed in a way where the whole production
line is just set up to be easily replicated, then you can put that production line anywhere
in the world.
So your production line and your manufacturing process and your end products actually become
the product.
And that's typically not how the maritime universe works.
Boat building and ship building has been a very bespoke process for a very long time.
It's bringing the rigor and the processes back into manufacturing that let us scale.
That really changed the game for the United States and our allies.
Genius. How did you come up with the name Saronic?
I told you this earlier, so this is a trick question,
but my wife actually came up with it.
If I don't, I have to give her credit, otherwise
I'm not going to be able to go home tonight.
But we were looking for names
and naming something new isn't easy.
So we're searching for what's the right name for this company.
And we come across the story of the Battle of Salamis, which is the naval battle between
Greeks and the Persians after the Battle of Thermopylae.
So you have the Second Greco-Persian War,
you have the famous stand of 300 Spartans at the Battle of Thermopylae. Right after that,
there was this huge naval battle called the Battle of Salamis, where the Greek Navy was actually
surrounded by the Persian Navy. They were outnumbered two or three to one.
Themistocles, who was the commander of the Greek Navy at the time,
basically writes a letter, exerces, tricks them, gets them to split his fleet.
The Greeks are then able to pick off the Persians and they
decimate the Persian fleet.
And that all happened in the Saronic Gulf.
So we're reading this story.
I'm like, this is such a cool story. But we can't name the company Salamis.
You just can't.
And my wife goes, name it Seronic.
And I think I'm like, nah, I don't like it.
And she's for like two or three days, she just keeps coming back.
She's like, no, no, no, I really think it should be Seronic.
I was like, nah.
And then I think on day three, you know what?
I'm starting to, I'll go with it. It's OK. It's OK.
And I love it. It's the absolute perfect name for the company.
It stands for everything we believe in.
You know, the Greeks protected democracy for the world. that's what we're doing at Sironic.
That's amazing.
I love that.
Well, Dino, let's take a quick break
and when we come back,
we'll talk about the capabilities of all of this stuff
and what you're gonna go into
and probably a lot more about China
and our shipbuilding capabilities
currently without Sironic.
So, sounds good.
Ask 10 people to define the word capitalism.
This subject comes up all the time,
but do you know what it means?
Find out with Understanding Capitalism,
a free online course from Hillsdale College.
They offer more than 40 free online courses.
You can learn about the
United States Constitution or even the history of the ancient Christian Church. Hillsdale
recently launched a new course, Understanding Capitalism, that I've been watching. In seven
lectures you'll learn about the role of profit and loss, how human nature plays a role in
our economic system, why capitalism depends on private property rights,
the rule of law, and above all, freedom.
I believe all Americans should learn more about economics.
Understanding these concepts can make you more informed
and even help you grow your own business.
Go right now to hillsdale.edu slash SRS
to enroll in this course, Understanding Capitalism.
There's no cost and it's easy to get started.
That's hillsdale.edu slash SRS to enroll for free.
Hillsdale.edu slash SRS.
Securing my family's financial future
is always a top priority of mine
and I wanna make sure they can be protected when I'm not there to provide for them anymore.
Every parent knows that planning for the unexpected is part of making sure your family is taken
care of and it's not something you want to wait around to do.
The time to get life insurance is now.
That's where Fabric by Gerber Life and a Term Life Insurance Policy for you comes
in. Fabric by Gerber Life is term life insurance you can get done today, made for busy parents
like you, all online and on your schedule. You could be covered in under 10 minutes with
no health exam required. Fabric has flexible, high-quality policies that fit your family and your budget
like one million dollars in coverage for less than a dollar a day. Join the thousands of parents who
trust Fabric to help protect their family. Apply today in just minutes at meetfabric.com slash Sean.
M-E-E-T fabric.com slash Sean.
Policies issued by Western Southern Life Assurance Company, not available in certain states,
prices subject to underwriting and health questions.
All right, Dino, we're back from the break.
I want to talk about the capabilities of these autonomous boats that you're making.
But first, how did you land on autonomous vehicles, autonomous boats?
So it goes back to the story we were talking about earlier, just identifying the gap in
the market, the real lack of tech, I'll call it lack of technological advancement, right?
We saw, or what we were able to see was aerial drones, subsea drones, other things were moving
forward and boats weren't.
And so that went back to the question of, okay, does anybody actually care?
And goes back to, okay, yes, without autonomous boats, the surface fleet of the Navy does not
have what it needs to actually maintain naval superiority. And so we started this company and we said,
how are we gonna redefine maritime superiority
and just use autonomy to do that?
And we can talk about all the different ways
we redefine it.
What are the, we'll get into that,
what are these boats capable of?
And actually, let me rewind me let me Brian, let
me rewind here. 25 foot vessels. Is that that's what you started
with? Why?
We started with the six foot. You started with a six foot. So
a half the size of a jet ski. Then we built a 14 foot, then we
built a 24 foot. So our 24 foot vessel, Corsair,
thousand nautical mile range,
thousand pound payload capacity.
And the capabilities are,
we talked about limitless earlier, really limitless.
We're just starting to scratch the surface
on how we employ autonomous systems
across the battlefield as a country.
Like, we're just starting to scratch the surface.
So, what that means is, as software evolves, as technology evolves,
the concepts of operations can move just as quickly.
But to talk about kind of like what those platforms are capable of,
I just kind of spit out some hardware specs on you,
the 1,000 nautical mile range, thousand pound payload capacity.
From the hardware side, they are completely modular.
So what that means is the base platform is actually designed
for defense and commercial applications that we discussed earlier, right?
Whether it's military or whether it's coast Guard, Port Harbor security, critical infrastructure,
you may need different payloads or different sensors to meet those various uses.
So we built this base platform to be completely modular and dual use.
Why is that so important?
Why do we have to be doing well?
It's actually critical because you want a commercial off the shelf supply chain.
You want to be able to build resiliency and robustness in your supply chain so that you can actually build the quantity of units at the military ones.
So you design for dual use upfront.
upfront. The other reason it's important is if you design that way,
you're now working with companies that can leverage unit economics in the commercial market and you can buy less expensive components that then drive the
costs down for the military.
So you're building a charitable platforms and talking about defeating China costs
as a big component. So from the hardware side,
we're delivering range and payload
capacity with a completely modular platform that can be adapted to any
mission set or any use case. On the software side, this is where it gets
really interesting and we should probably dive into kind of what autonomy
means and all the different things, but completely autonomous vessels.
Right?
So what does that mean when Sironics does it?
Well that means you can actually control 10 boats.
You one individual operator can control 10 boats, can control 50 boats, control hundreds
of boats.
Right?
That is limitless.
The upper end is limitless because it's controlled by software and making a user
interface that's very easy to work with and operate out of and say, Hey, go and
search this hundred square mile box in the ocean and take a hundred boats.
Well, actually software, you tell me how many boats I need to go send to that area. Okay I need a hundred boats. Great.
Enter. The boats plan their routes. They all work together. They all communicate
together. If one boat in that swarm sees a target vessel that information gets
shared between all of the boats and gets passed back to a human operator that is in the loop
or on the loop, excuse me, I even get those terms mixed up
and we can go through what those mean.
But it creates a really, really scalable environment
where you're now actually able to employ thousands of autonomous systems
and control them with very few human operators, reducing
the cognitive load, increasing reliability on the battlefield, and most importantly,
keeping people very safe out of combat.
All that's done through software.
So one person can control up to a hundred boats.
More, more.
There's really no upper limit on how many boats you'll be able to control with our software.
Now, how would they do that? Does that mean that they always operate in some type of a formation?
Or can the, what would you call them, the controller?
The controller, yeah. The operator.
Or can they operate independently of themselves with one controller?
You can op, you mean like single boats?
You can operate one to one or you can operate one to many.
And what that means, so each boat has artificial intelligence that lives at the edge.
And it's critical for each platform to be intelligent in its own right.
So each boat has to know where it's at in the swarm, what its job in the mission is,
how the sensors and perception and everything else to be able to operate independently.
And then once you have become intelligent individual actors. You can then combine intelligent individual actors to do things very, very smartly together.
And that's when the controls become very easy because you don't have to say, hey, this boat,
this is what used to happen.
There's kind of like two ways that autonomy developed.
One is, which simply wait and autonomy in maritime, one is simply with
waypoint navigation. So for each boat, I have to plan a route. I have to say, go to this waypoint,
go to that waypoint, go to that waypoint, go to that waypoint. And then the sensors are something
completely different. That doesn't scale with five boats or 10 boats. At some point you lose economies of scale and you just can't plan missions that way.
So if I'm sending 100 boats on a mission, I can't plan as a human.
I can't plan the route for each and every boat.
I just want to say, go into this area.
If you see big Chinese ships coming at you, do this and let me know.
So you have a hundred boats that each know where each other are, they're not going to
crash into each other, they're all working, they're all saying, okay, let's separate the
environment this way.
I'm going to search over here, you're going to search over here, we're all looking for
this.
Okay, I found it.
Okay, 10 boats surround it. The other 90 split off.
They keep searching.
Again, we're just using a hundred as a round number because it's easy, but it's
how an operator controls a mission, not an asset.
Interesting.
Okay.
So, cause I, I don't know much about naval wartime combat,
formations, any of that stuff, but my mind goes
immediately to some type of a skirmish.
Yeah.
And so if you have a hundred six foot boats in the
water and let's say they come across a, I don't know, a Chinese frigate.
Yep.
And they need to set up into some type of a
formation.
Like the only thing I can think of is I did some
anti-piracy work and the Somali pirates set up a, a
L ambush.
Right.
On the ship.
Yep.
Do you just, excuse me, do you tell the, do you tell the, the boats to form up in an L
ambush or do you actually tell each boat where to go? Does that make sense here?
Yeah. All the human operator does is say authorized to attack.
That's it. That's it.
That's it.
So very, very simple controls.
Again, all the autonomous behaviors are all baked into the intelligence of not
just each individual boat, but then the system of boats and the software running
that and let's use, let's use that example.
There's a Chinese ship coming across the strait.
You have a hundred boats that identify it, right?
The system or the autonomy will notify the human operator.
They'll say, okay, before any kinetic action is taken
based on government regulations,
here's where we have identified the target.
And there's a lot of different ways that we do that. You have to be very thoughtful on how you're communicating information, especially in that type of environment.
You might be jammed, right?
You might not have full bandwidth to do that.
So you have to be able to process information at the edge and only send the only send,
like in this case, a a small screen a small picture of
The target vessel you don't have to send like live streaming data feeds
So okay. Yes approve authority
authorize strike
Then the tactics how they both split up how they attack all this is programmed in software
So I mean, how does it know how to do that?
I mean, like I said, I have zero experience, you know, with naval combat operations on
the sea.
Yeah.
And so, but, you know, just going back to my time as a warfighter, you know, every scenario
is different.
I mean, every single scenario is different. The hostage is over there, or the bad guys are over here.
They're never going to maneuver in the exact same way.
Yeah.
And I would think that naval skirmishes are very similar to that.
They'll never be the same, but it's the same type of technology.
So if somebody has to put those scenarios into that AI platform.
Well, we're training the models.
You train the AI models around a variety of different scenarios so that the AI actually
learns how to react.
It's the same technology that's in like a Tesla self-driving car.
The road is never the same any two times that that car is on the road.
A person might come out, a biker might come from here.
But the car, the model, the AI model knows how to react to a variety of situations.
And the more that it's in those situations, the more that it actually learns.
And that's the importance of being able to like update and iterate on your software,
is if we're actually in a conflict with China,
like the models we're running on day one,
won't even be the models we're running on day 25 or day 10, right?
Because you can update and train the models in real time.
So how do you get a baseline?
I mean, do you just war game thousands and thousands
of different scenarios?
Testing.
We have thousands of hours of testing.
We invest in testing very, very heavily.
We're out on the water seven days a week.
We have thousands of hours under all of our platforms.
I mean, we have our own testing facility in Galveston.
We're opening a testing facility in San Diego.
We invest a lot of money into testing reliability and developing our autonomy to a way that
it's going to be what the Navy needs when the Navy needs it.
What is the, I mean, we're going to put a, we're going to overlay the screen with what
these six foot boats look like.
But what is the what is the mission of a six foot autonomous wave runner?
Yeah, so it goes down.
It comes back to range and payload capacity.
So the six foot boat has.
30 nautical mile range with a 40 pound payload capacity.
The 14 foot boat has a 300 nautical mile range with a 40 pound payload capacity. The 14 foot boat has a 300 nautical mile range with a 200 pound payload capacity.
And our 24 foot boat has a thousand nautical mile range with a thousand pound payload capacity.
So that's how far it can go and that's how much you can carry.
If you think about the mission sets that a thousand nautical miles actually opens up
and how capable our 24 foot platform is it's
Actually mind-blowing right the speedboats that we use in the seal teams
In a four or five hundred. I forget the range actually, but even if you're going
20 or 30 knots for eight hours
You're going 240 miles at 30 knots for eight hours, you're going 240 miles at 30 knots for eight hours.
Right.
That's a quarter of the range of our plot.
You don't want to be on a boat for eight hours just to go to it.
Like that's a long time for a human to do anything.
And especially getting beat up by the sea.
On top of that, you can make these platforms much more rigorous
to sea state and everything else, where we were operating with SEAL teams
doing some testing, and the boats that they used couldn't keep up with our boats.
Wow.
Because there was no human that had to take the shock load coming off of the six foot wave.
So the capabilities opened up dramatically and going back to earlier
without getting into too specific of any concepts of a con ops or anything.
Um, you're, you're seeing a lot of the ways that these platforms can be used in
Ukraine and you know, we built just a completely modular platform,
both hardware and software. And that's critical. What that means is you can put any payload you want, sensors, electronic
warfare, kinetic capabilities. You basically put whatever you
want on the platform, as long as it fits within the range and
payload characteristics of what the boat actually delivers.
That's why we built it so modularly.
Again, military and commercial, if we stay just on the military side, it might be this
op one day, it might be that op the next day.
You got to be able to swap it out.
What kind of kinetic capabilities do these have?
That's where I'll be vague and I'll kind of leave it to whatever the military wants to
put on the platforms, the military can put on the platforms.
Again, we're selling, we're building a defense company.
Doesn't mean we don't have commercial customers, doesn't mean that we're not building for the
commercial market.
But what it does mean is that from a mentality perspective, we're building things that are
going to protect this country.
And that is one of the things I was really, really clear about upfront.
And it drove a lot of the culture within our company.
I told people, look, if you don't want to invest in a boat, that might blow up one day.
This isn't the company for you because we're building things that the military wants to
put on it.
And the last thing I want to do is create a Google situation where Google's working
on this AI program and all their employees that boycott the company.
That's not what we're building.
So modular platform, literally anything
can go on it. We've done aerial draw, it's just endless.
How are they fueled?
So six foot boats, all electric. 14 foot boats, hybrid diesel electric and 24 foot boats,
all diesel. Everything above 24 feet will be diesel. You just don't get the energy density from
batteries that you get out of diesel fuel. Again, range payload capacity are really
important. Turns out diesel fuels are super energy dense. And that's what works
the best. And that's what accomplishes the mission. That's what gives us range.
So every diesel is really the primary fuel source.
Diesel is really the primary fuel source.
Man, this is, I mean,
so on a, I don't know when, in the near future, when we go to the beach, it's not gonna be a buoy that says,
Keep out.
Do not keep out.
It'll be autonomous, unmanned,
it'll be six foot boats that are patrolling RC's six feet 14
feet 24 feet and on up right you know think of the 24 foot boat we have eight
cameras on it 360 degree view perception built into the autonomy, just the complete awareness of the environment.
Now what we're building next, we're building a 40 foot, 60 foot and 150 foot autonomous ship.
So yeah, our vision is not to have any more buoys out there protecting things.
It's having very, very smart robotic systems that can have a lot of persistence in the maritime domain
and deliver complete domain awareness
through advanced sensors
and the most advanced software in the world.
Is there any type of, how would you deploy these on the other side of the world?
Is there some type of a mothership that would bring these over?
Would they drop them out of a plane?
How would they get there?
That is a key point that needs to be focused on upfront.
That's why range is so important. Where are you launching from?
Where are you deploying from? How do you get there? You know, our 24-foot boat was
meant to be really logistically simple, right? It fits within a 40-foot shipping
container. Put it in the shipping container, ship it wherever you want push it out of the back off it goes
You know
And so you got to think about that stuff you I think how do these platforms whether it's 24 foot boat or now
150 foot ship has a 150 foot ship get to the other side of the world
Does it have the range of the fuel?
Can you just sell it there?
Where is it selling from?
Right?
If that's its mission, how does it get there?
Too many people in industry like hand wave that problem.
Like, oh, I'm just gonna make cool stuff.
And this is a government's problem, they'll figure it out.
Or I'm going to go make something cool and it's going to go 50 miles.
Well, you better plan how to get that thing into theater that is on the other side of the world.
And because of advances in hypersonics and other things that China has,
we can't get that close.
So that's why when we look at even our six foot boat, and I'll be the first person to know,
even our six foot boat that has a 30 nautical mile range,
it's like, what are the real use cases for that?
Right? It might not be certain conops in the Indo-Pacific,
because 30 nautical miles, this isn't enough.
So you can't hand wave these things. You can't pretend like they don't exist.
And we work with the Navy. We're actually helping the Navy figure out what is all of the
maintenance and sustainment and logistics and shipping and everything else that goes into actually
fielding these types of platforms in the fleet so you can change the way that our fleet fights.
It's not, hey, I just want to buy some boats. It's just not that easy.
But I just think about the logistics. I just saw this thing on X where China,
they're talking about their drone capabilities
and they had something that looked like a beefed up C-17 or C-130.
I saw this.
It was like a 737 and all the drones.
Yeah, all the doors open and the drones all carries up to 100 drones, I think I read.
You know, that, so I was just, it just in my mind on how how logistically will we get
the boats where we need them not just on our shores.
It is something we put a lot of thought and energy into and as a company and as a country
we need to figure out going back to the Cuba example, right? We're
fighting, we could be fighting something in their backyard, it's not our backyard. How do we get it all there? How do we
make sure we have the superiority? Let's have the
deterrence in the first place. Let's get the deterrence in
place, so that we don't have to fight at all. That's the whole
goal behind us building what we're building,
how fast we're building it and at what scale.
So that you can actually have the deterrence in place.
You can stop this conflict from ever happening.
If China wakes up and they're like, you know what?
We're going to win today.
That's going to be a bad day because that's the day they're actually going to pick the
fight.
So our job is to help avoid that.
What kind of stuff can these detect?
Can they detect subs?
I mean, you can detect anything that you can put any sensor on the platform. That, and if you talk about how anti-submarine warfare is done today,
it's pretty archaic, right?
A helicopter or aircraft will typically fly off an aircraft carrier,
drop little buoys in the water.
Those little buoys will listen for things and
then they'll try to identify things.
And then if they're found, they're found.
It's not super efficient. So you can think about, you know, and this isn't anything we're doing
today, but you can think about an autonomous boat with sonar attached to the bottom that's just
listening for things under the water and able to relocate and move around completely autonomously. And you can put hundreds or thousands of these sensors out there and create a listening network
for submarine detection.
That could be really powerful.
Again, not anything we're doing today, but it's something that as we get into, again,
like I said, we're just scratching the surface on how these autonomous systems can be used and employed.
Do you think you will be the one to develop that type of technology or develop the logistics vehicle that will take them from point A to point B?
Or will you solely focus on the autonomous vehicles?
Well, the autonomous vehicles themselves can be the logistical
vehicles, right? Our 150 foot ship can carry cargo containers,
right? 240 foot fully loaded cargo containers, and 150 feet
is not going to be the last ship that we build. So we'll build larger ships that can carry more things.
And again, being completely modular, like those ships can carry containers of cargo.
You can carry containers of our boats.
You can just have our boats on the back.
You can have aerial drones on the back.
You can really integrate anything you want into them.
And so why would you ship anything on a manned platform when we can't build enough of them in
the first place? We just don't have enough manned ships and we don't have the people to man them
even if we did. So you have to solve this problem with autonomy.
And going back to the shipbuilding discrepancy with the Chinese that we were talking about
earlier, the only way, the only way you solve the problem is by building autonomously. economically because The platforms we have today are so
Complex so expensive and so exquisite and we look at what the Chinese have done these subsidized their entire shipbuilding industry And they have people to just throw at the problem and manned shipyards to the max, right?
our workforce has
Our workforce has shrunk dramatically. That's something we at Sironic are going to be laser focused on rebuilding,
like changing the culture around shipbuilding.
But the only way you really counter the Chinese in terms of mass,
in terms of real shipbuilding capacity is through autonomy. And it's because you can strip all of the complexity out of the ship.
Right?
We talked about aircraft.
Aircraft carriers are amazing.
They're expensive.
They take a long time to build, but they're incredible.
They're feats of engineering.
I mean, these things are 24 feet tall or 24 stories tall, excuse me 24 stories tall
They're a thousand feet long. You're landing jets on a ship
Like think about that, right? They house
5,000 people there's eight different aircraft aircraft squadron
There's eight nuclear reactors on a carrier. They have four
props that are 32 tons each. Each prop weighs 32 tons. Wow. So these things are
massive feats of engineering. But think about all the complexity that has to be
layered into that to support all of those people and
all of those different missions, even down to feeding people.
You feed 5,000 people for six months, like 5 million meals.
It's insane, right?
It's insane.
Now take all of that out and all you have is a ship, some engines, sensors, payload and a
computer. That's it. Yeah I remember that I remember our conversation on the
plane you were talking about you know some of the pushback from the Navy or
the government whoever it was about about having kind of a half-autonomous, have a little
bit of a small amount of humans on, and you were totally against that.
And you had mentioned, if we have one human on there, we need a place for him to sleep,
we need a place for him to go to the bathroom, we need hallways, we need chow halls, we need
gyms, we need all this all the things stuff that you did really
I mean it all just becomes up obsolete. Yep
Which saves you a ton of weight? I would imagine as well more importantly it saves time
It saves time and complexity and it lets you get the shipbuilding process down from years
So I mean we're talking about weeks and months.
I told my team, we're building a 150-foot ship. I want it in the water by the end of the year.
Wow. Right? We have an eight or nine-month development cycle. And that's on our first
prototype. We're trying to get this down to weeks and then have multiple
production lines.
We want to be able to build hundreds of autonomous ships every year.
That's our vision.
And how we're doing that is, so we have a site in Franklin, Louisiana.
We acquired a shipyard, phenomenal shipyard.
We're going to invest hundreds of millions of dollars over the next three or four years
into that shipyard to scale capacity there.
And we're going to be able to build, we're targeting 50 a year at that shipyard, which
in and of itself is this massive step up.
We just talked, 2023 was a net negative four.
Net negative.
And we built nine ships the whole year.
You know, we have a plan to retire in 19 over the next 24 months.
So we keep going down and the United States, this is an interesting
sound.
So the United States has 296 ships in its fleet.
We're actually passed by the Chinese four years ago in terms of fleet count.
We have a stated goal, we had a stated goal of 355 ships.
That goal was increased to 381 last year,
even though we keep declining and can't execute
on the 355 that we had for 10 years.
Assuming that we could execute on it,
there's a 30 year plan
that'll cost the taxpayer $1.2 trillion
or $40 billion a year to execute on a plan
that we can't execute anyway.
But that's the shipbuilding plan.
That's how you get from 296 just to 381.
Imagine how many autonomous ships that you can have, right?
And the capabilities and how much more powerful
the Navy will be with manned and unmanned ships
working together and you have much more unmanned ships
patrolling the waters, all being controlled by humans. You keep people safe. and unmanned ships working together, and you have much more unmanned ships
patrolling the waters, all being controlled by humans.
You keep people safe.
Like, that's the other thing.
And I sit in front of congressmen and women and senators,
and I go through the stats that we just went through.
Like, here's why we can't compete with the Chinese.
Because the Secretary of Defense just came on,
just another, like I was on the news. He said, yeah, the Chinese because the Secretary of Defense just came on the just another like
I was on the news.
He said, yeah, the Chinese can take out all our aircraft carriers in 20 minutes with their
hypersonic missiles.
So here's all the facts like that's the Secretary of Defense.
That's not me making up a number.
Here's the shipbuilding.
Here's why if we lose an aircraft carrier, forget about the 5,000 people for a second.
You can't get another one.
So these are just facts.
But take all that and throw it out the window.
We now as a country have the technology, which means we have the capability to send robots
into combat.
That should mean that we have the responsibility to do that.
No longer should we send people if we have the opportunity to send a robot, whether it's
a robotic ship, whether it's a robotic plane.
We have a responsibility to keep people safe.
I mean, you've seen it, I've seen it.
Combat's real.
It's not what you see on a Hollywood movie.
It's not anything you want people to have to go,
I don't want my son to have to go through it.
That's why we're building what we're building.
And so we can go through the stats all day long.
You're not getting another aircraft carrier.
We still need aircraft carriers,
but let's keep those 5,000 people safe.
Let's keep them out of the weapons engagement zone.
And let's have them controlling thousands
of autonomous boats and ships and everything else
that are patrolling the waters
and overwhelming our adversaries.
Would you guys build the weapon systems that will go on these?
DVD, who knows?
At the pace that we're moving, I think going to your anything's possible.
Right now we're focused on building the platforms, right?
And going back to the shipbuilding and our ambition in shipbuilding,
it's really
staggering to think about.
Even I pause and really digest like what I'm saying.
Right. But if you think about the Chinese and the numbers we were throwing out earlier, they have 23 million gross tons of shipbuilding capacity.
The United States has 100,000 gross tons of shipbuilding capacity. The United States has 100,000 gross tons of shipbuilding capacity.
Just total shipbuilding.
I can build 23 million tons.
I can build 100,000.
That means I can build a whole lot of boats or ships and I can build very few.
230 times.
What Saronic is doing through our Franklin, Louisiana site
and also through Port Alpha, which is our vision,
and we're working on this now.
So we're going through site selection.
We're going through build plans.
We're not waiting.
We're doing it right now.
We're going to invest billions of dollars
to completely revitalize the shipbuilding industry in this
country.
We're going to create the most advanced shipyard anywhere in the world.
And our target is 10 million gross tons of shipbuilding capacity.
So now when you take that in context, we're talking about building, just surrounding, taking the United States from
100,000 to 10 million and 100,000.
You're talking about taking the deficit with Chinese from 230 to one, like two and a quarter
to one.
But because you're building autonomous platforms and they're
still building man platforms, you can actually build at a much higher rate.
That's what we need in this country.
That's how we, we don't want to match the Chinese.
We want to, we want to win.
We want to beat them.
We want to create that deterrence so that they're like, yeah, we're
not going to pick that fight today.
Right?
That's the capability we need in this country.
And we're looking at bringing the shipbuilding industry back in a way
that we haven't seen in this country since World War II.
Right?
And this is, this is SpaceX.
This is SpaceX.
Space was, the space industry was dead.
Yeah, you had primes.
You had primes in the market.
Boeing had a space program.
This, you know, SpaceX, SpaceX and Boeing in 2016 each got contracts to send astronauts
to the International Space Station.
So SpaceX got a $2.4 billion contract.
Boeing got a $4.2 billion contract.
In 2020, SpaceX sent the first astronaut
to the International Space Station,
and they've done 45 missions since 2020,
just to the International Space Station.
Boeing is delayed, over budget and keep failing.
So the large primes aren't getting it done. And we've seen this now play out in space
industry. And you're going to see the same thing play out in the shipbuilding industry,
where again, I know it sounds crazy that a two and a half year old company is the company that's
going to invest billions of dollars and recreate the shipbuilding industry and build this shipyard
from the ground up and build thousands of autonomous boats and hundreds of autonomous
ships and this is going to be the future of the Navy.
Sounds crazy because it is crazy, but it doesn't mean it's not true.
I mean, I love it.
I think that the, what was it?
The big five?
Yeah.
You know, they've monopolized the entire defense industry.
And so, you know, guy like you pops up on the map or Palmer Lucky pump pops up on the
map. I mean, we talked about the lobbying firm earlier.
Do you think or do you know, are they lobbying against you?
I mean, that's going to put a major dent in their pockets, I would imagine.
I'm sure they are.
I'm sure they are, but I don't think it's malicious. I think in some cases,
some primes genuinely believe that they can go and do this. And in our case, I think there's
some primes that genuinely believe they can go and build autonomous ships at the speed and scale
that the Navy needs and that there's no way that
Serana can do it. And that's okay. There should be other people in the market
doing things. The government shouldn't shut down, the Navy shouldn't stop and
say, hey Dino tells a great story, we're good, they're going to reinvent shipbuilding and everybody all stop.
Charonics got it.
No.
Bruce is going to be in the pudding.
Who's going to actually go and do it?
Who's going to put their money where their mouth is and who's going to execute?
I tell you, we are.
So the only thing we ever asked for is, yeah, let the Primes lobby.
They should be telling their story.
They should be trying to build things.
Keeps us hungry, keeps us paranoid.
Creates the competitive vest.
But don't create a monopolistic environment where things are awarded without competition.
Just let us compete fairly. And if a prime beats us, and you want to go buy
that ship, you should do that. That's what the country what is best for the country.
The best for the best thing for the country is having an open competition, seeing who
can actually do it, who can stand behind what they were gonna say?
And I'll tell you, over the last three years, every single thing we have told a customer,
we have stood behind and we have delivered every time,
on time, on budget, with zero exceptions.
And that is something I take very seriously and we will never,
never waiver on. And it's, the Navy's not used to that.
I mean, just look at the shipbuilding programs today.
I mean, they're all, I think they're, I think they're literally all delayed.
Wow.
Back to the kinetic capabilities of these boats. It doesn't sound like right now that you are manufacturing
and designing new weapon systems
that will go on these boats,
which means you must know what ship capabilities have
or what kind of kinetic tech goes on the ships or
weapon systems or whatnot so that you would have to know because
I mean I would think that you're designing the ships around our current
capabilities so that those can be placed on your boats, am I correct?
Yes and no. Yes and no. It goes back to the modularity of it, right? As long as you have,
in your example, like weapon systems, what weapon systems can you put on the boat? We
basically say, look, it's 24 feet long. here's the length of our payload bay, here's
the width of our payload bay, and you can carry a thousand pounds.
What fits inside of that?
Again, because it's not just weapons systems, it's built for defense and commercial applications.
And then of course, we talked to the various customers
and the weapons system, we talked to the military.
Give us the universe of things that you would want to put on it,
just like any product, right?
You go and do the customer discovery.
How do you think you could potentially want to use this?
And then you build the most modular platform that you can, both hardware and software.
So not only do you have to integrate from a hardware perspective, which we've made
very easy, but you have to tie whatever that payload is in to the software and
autonomy so that it can then be controlled the same way
that the boats are controlled.
So unless you can integrate all of that together very quickly, what's the point?
So that's why we made the platforms module.
That's why we focus on software first.
So I focus on a very universally designed hardware platform.
It's like, look, I don't actually know all the weapon systems
that the military may want to put on this one day.
So would you?
I don't think the military knows for that matter.
Probably not.
Because again, we're just starting
to use autonomous systems on the battlefield.
It's just, we're just scratching the surface of it.
Would Saronik be the one that does the modifications
to the ships to place the ship?
Yeah, of course.
We would do.
I mean, you have, basically you have a,
lack of a better term, you have a cookie cutter product.
Yep.
Right, that can be manufactured in record time,
lots of them within a year.
You get that, you sell, let's just say 50 ships to the US Navy.
And then do they do the modifications to the boats to put their weapon systems on?
Or do they say, hey, this is what we want to put on this thing.
We need you to modify the boat however you need to be able to carry this. I mean if it's a missile silo, if it's a
crazy radar system, if you know what I mean, that kind of stuff. So
we try to keep the engineering work out of the government's hands.
Not saying they're bad engineers, but they're just not an organization
that's set up to scale.
That doesn't mean we're only gonna be the ones
doing the integration work.
There could be a variety of ways
that sort of that side of the business works.
We talked about the large primes a lot,
but they do make good systems.
They do make weapons systems and things
that the military
wants to put on our boats. So maybe we partner with the large primes and they send their people
here to help with the integration. They send their people to Saronic or we're working with
the government and the government's like, hey, we want this on the boat. Great. The government
may send some people to Saronic. And we're not really tied into this is how it has to happen and it only has to be us.
But when you want it at speed and scale, having the engineers with that
mindset, running the efforts, because here's the thing you can build a
thousand boats, but if your integrations aren't set up to say, and it takes you,
you know, you're building a boat every eight hours, but it takes you six months to do an integration,
who really cares? Because at the end of the day, the capability that's rolling off the line is six
months. That's the longest power in your chain. And that has to be at the same rate of our boat manufacturing.
And so that's what we have to work with all of our partners on to make sure that we're doing these integrations in the, quote unquote, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the brain of the vessel. Is that inside the vessel or does it live outside of it?
Both. So there's there's a brain like the brain of the vessel lives in the boat.
Okay, so it's critical. It is absolutely critical. And I'm gonna hammer this point. The
intelligence of the platform and the mission capability has to live at the edge. And let
me explain why. So I'll back up a little bit and I'll talk a little bit about
the different types of autonomy and kind of where we're at. I mentioned these terms earlier,
man on the loop or man in the loop, man on the loop and man out of the loop.
What are the and what are we building at Ceronic? Man in the loop, think of a remote control. So this is your predator drone.
Mm-hmm.
It's actually many to one.
So it's the opposite of what we're building.
Because you have one person on a joystick,
and you have three or four people behind that person
reading all the sensor data coming off of the aircraft,
saying, hey, I'm seeing this over here, turn left.
I'm seeing that over there, turn right.
It actually takes about four or five people
to pilot one Predator drone
because the humans control in everything.
It's just, they're just not actually in the cockpit.
They're in a Connex box in Las Vegas.
So that's man in the loop.
Then there's man on the loop,
which then flips that.
And you go from many to one, to one to many.
And that's what we're building
at Saronic. It's how do you have
a ton of systems out in the field
that are all collecting information.
The information is processed at the
edge, then passed up into
a universal kind of mission planner control system,
and then shown to a human in a very condensed fashion that reduces the cognitive load on the human,
not trying to interpret or digest all the information coming off of thousands of sensors across hundreds of boats. Right? So one person, not really in the loop, but on the loop saying,
Oh, check.
Thread over there.
Authorize to proceed.
Check.
Human has control of the platform.
And in all of these things, I'm going to be clear, humans always have control.
Humans are making decisions where they go.
It's just how far along the, where in the kill chain
are you putting approval processes?
Then there's men out of the loop,
which means like the autonomous system's just alone
and unafraid and doing whatever it wants.
And we actually have these types of systems,
like our Aegis weapons systems, our destroyers
that are for incoming air defense. like those are out of the loop you've set it on the
ship and I'm simplifying this obviously but you put it on the ship you press a
button you enable it and then if aerial threats come in they're gonna shoot them
down right and you can imagine if an aerial threat, if a missile was coming in, say there's like
five missiles, you don't want a person to be like, oh, yep, that's a missile.
Shoot it down.
Oh, yep, that's another one.
No.
Oh, shit, here comes 10 more.
Yeah, right.
You just want a computer to say, boom, boom, boom, boom, boom, and all the missiles get
shot down.
So there's men in the loop, on the loop and out of the loop.
The reason why the the AI living on the edge is so critical.
It's because in any type of real conflict, and you're seeing this in Ukraine,
is there's going to be massive amounts of electronic warfare
and there's going to be communication jamming. So not only does that remote control system not scale,
because you can't control hundreds or thousands
of boats altogether with people sitting next to each other
trying to figure out what each other are doing,
you just can't do it.
Not only does it not scale, in a scenario
where there's real jamming or electronic warfare, those radio links that
are from the joystick to the platform go dead.
And now that's rendered useless.
So you need autonomous systems with intelligence living at the edge that don't require constant
connectivity back to a satellite or human or whatever, able to know what to do, what's the mission,
how do I process information, what information do I have to get sent back
to the headquarters before I do the next step.
What happens if I don't hear from headquarters?
Okay, great. Oh, I only have five kilobytes of bandwidth.
Let me process this information down. Let me shrink it.
Let me send only the most important information necessary
for the mission back.
So all of those things are hypercritical.
All of that has to be defined through software.
And that's why, that's fundamentally why
man in the loop just does not work.
Now, the difference between man on the loop
and man out of the loop is really just
approvals. It's really just a government regulation and policy that needs to get set.
And the argument that I hear from folks is, okay, do we really want robots making decisions on who to kill?
No.
No.
But don't think of it like that, because it's not
the right way to think about it.
If you're in a combat scenario, the robot
isn't deciding whose do I get employed here.
Do I put a weapon system in this area?
No. Do I like do I put a weapon system in this area? No, like the human saying I'm going to put a weapon system there.
It's just am I putting a smart weapon system or a dumb weapon system?
What type of weapon system am I firing or torpedo that I can't call back?
Or am I using an autonomous boat with other autonomous systems that I can call back because
I can still control it through software.
So all of these things come into play when you're saying, okay, how should we really
think about autonomy?
And even man out of the loop autonomy, you're still saying, okay, this boat's going to go
in the water, it's going to patrol this area and if this this type of threat
Comes in Then you have authority to execute and you're just giving the approvals all the way through the end of the kill chain
Okay, so that's that's all man of the loop man out of the loop is just like you're basically just approving the entire kill chain at
the beginning of the mission
Is that right? I actually.
Look, I understand the need to have the approval process baked in.
But when you get into com, I mean, you've watched ISR feeds, you've seen how
crappy they are, you've seen what kind of like smokes the Nick.
Do I want like the most advanced computer vision in the world that's
living on the edge saying, yes, that's the right target, or do I want a human
that's watching a, the worst bandwidth video feed that you can ever imagine
with smoke and everything else around it, trying to say, yeah, I think it's the target.
I mean, it's something we're gonna have to get
comfortable with over time, but again, it's not,
oh, we're just employing robots,
and robots are making the decisions on warfare.
Those are the types of autonomy,
and that's how they're employed on the battlefield.
How simple would it be for China to hack an entire fleet? You really can't. We're
focused on cybersecurity. We use military-grade encryption. When you're operating the military
domain, you have to operate with the cybersecurity protocols of the United States government. So
those are standard. Those are just, you have to have them,
otherwise you're not being utilized in the field.
Right, so that is something we take very, very seriously.
We even take the cybersecurity of our company
very seriously because, let's be clear,
like China as a nation state,
they've been hacking into companies
to steal secrets for years.
That's a well-known fact.
So we have to think about not just how do we protect our solution, our products in the
water, and we talk about how we do that with government standards and encryption and everything
else, but how do we protect the company? Because the Chinese aren't, I mean, I hate to use this term, but they're not fighting
fairly.
And there's no such thing as a fair fight.
You know that.
So they're trying to take every advantage that they can.
And if that means they can hack into our company and delay our production by six months.
They might do that, right?
So we have to make sure that we're protected 360 degrees,
product, company, infrastructure, people.
I mean, myself and the entire leadership team were,
what's the word I'm looking for? We're basically banned from China.
I forget I'm blanking on the word.
But they put out a term like our company and our leadership team is basically banned from
China.
Congratulations.
I know.
I was like, what the hell took them so long?
But if I took a trip to Beijing right now, it would probably be a one way
trip with a lot of questions.
Do you have any aspirations to repurpose the fleet that we do have, our
current naval fleet into making those autonomous surface warfare boats as well?
So basically what I'm saying is pulling off the entire staff and putting in the hardware
and software that you guys have developed to operate these ships without human manning.
No.
No.
No.
It would, for a few reasons, for a few reasons.
One, and then I'll talk about two one is
Every month it'd be way cheaper to just build their ships
It would actually be way cheaper than to go in and try to retrofit the entire naval fleet. I can't even
Ballpark the amount of work and cost that that would entail
not to mention
and costs that that would entail. Not to mention the complexity behind actually integrating
with hardware that wasn't selected
purposefully to be controlled by software.
So one of the things that we do is very,
is like hardware, software co-design,
where our software engineers are picking all of the engines
with our hardware engineers.
Like, yeah, okay, I can control that engine through software
because it has an API and it has this and it has that.
OK, cool, yes, you hardware engineer can now select that.
That hasn't been done on naval ships today.
Secondly, and more importantly, we need manned ships. We still need the Navy ships that we have.
Why do we need manned ships? Well, China is not the only adversary we're
facing and it's not the only way to project power. Like the only way to
project power is not just through autonomy. Think about aircraft carriers, for example.
You go back to December 7th, 1941, Pearl Harbor.
Before December 7th, the center of naval warfare revolved around the battleship. December 7th, carrier-based aviation really became
the center of naval warfare.
And you think about what carrier-based aviation
provides the country.
Its ability to put 5,000 people,
eight different squadrons of aircraft
anywhere in the world where we don't have a base and project power. Mm-hmm
That's important. Well, we could do that with drones
Do that with drones
We
Don't right now. We need people and get his men and unmanned team. And I don't think over the next call it 30 to 40,
I don't think we're going to see a world where it's like truly like robots on robots.
People still make decisions. And there's a really important aspect. Look, we're building
autonomous aircraft, but we're also building next generation fighters. Right? And we need
both of those things as a country. It's not an or
conversation. It really is an end conversation. We need this
and this. Where it becomes an or conversation is really like,
okay, do I really need that 12th aircraft carrier that costs $13 billion?
Or do I only need five aircraft carriers?
And I can save $50 billion on new construction,
and I can save $50 billion a year on maintenance,
and I'm making up numbers, obviously.
But I can now put that money towards autonomous systems.
So what's the right mix to have the most powerful fleet and the most powerful military in the
world?
I don't think it's saying zero people. But I don't think it's, we need 381 manned ships either.
So it's some mix in between.
How many people would it take to,
let's fast forward five years.
How many boats do you think you'll
have in the water that are operational?
From a production rapers, I mean, we have the capacity to build hundreds,
like literally hundreds of boats right now in our facility in Austin.
We only have 65,000 square, or no, sorry.
Our main manufacturing facility is 65,000 square feet.
We have over 150,000 square feet in total online,
but we're opening a facility that's 420,000 square feet.
The main manufacturing facility would be close
to 120,000 square feet.
So we're 3Xing the space that we have available,
and we're going from hundreds to thousands of boats per year
So that's just thousands of boats per year thousands and that'll be online by the end of the year that is coming online
very very quickly
So we have that capability in Austin that's for call it small unmanned surface vessel. That's just one facility. Just one facility
It's just one facility. Just one facility Just one facility that's for our smaller vessels
So throw out a number five years
How many boats do you think just any just an estimate that are operational we could build
operational Navy implements this
Thousands thousands. Let's say 2,000. Oh, yeah throughout a number. Yeah, yeah. Let's say 2000. I'll throw out a number.
Yeah, 2000.
That's fair.
I mean, how many humans does it take to operate a fleet of 2000 of your autonomous boats?
As many as it takes to put them in and out of the water.
That's it.
That's it.
That's the logistic piece of it.
How do you launch and recover?
One person, five years from now, will be able to control every single boat in the water.
Now, if they're on the same mission, right?
If you say, these 2,000 boats are all doing the same thing, all patrolling the same area,
we're on the same mission. Now, if you have 200 boats in Taiwan Strait
and you have 200 boats in the Red Sea,
and you just all, you can have different operators
for different mission sets in different areas, obviously,
but the software is limitless.
And it's all, like the software is increasing at a pace
that I think it's hard to comprehend
Not and I'm not just talking about some time about like software and technology in general like
Chat GBT over the last I don't even know the timeframe like year or two improved like four thousand percent
right, I
Don't think I've ever seen anything in my life improve 4,000%.
So that's how fast technology is evolving right now.
And we're putting all of that tech into our boats.
So that the capabilities of the software quite limit, quite literally are limitless.
So where I'm kind of going with this is what is the future of the Navy look like in terms of manpower?
Oh, I think it's got to be much lower.
That's our goal.
That should be the Navy's goal.
All the services have recruiting issues right now.
Nobody's fully manned, right? And if we're competing against a
country with 1.2 billion people that are able to mandate military service, how do
you compete with that unless you're adopting autonomous platforms, right? And
when you talk about cost drivers and how do you make more, how
are you more efficient for the taxpayer? And then again, keeping people safe. You know,
I don't know the right mix of how many people do we need total in the Navy as we adopt these.
Nobody knows. The Navy doesn't know because we don't have them yet. And so that's okay.
Right? How do you figure out all the con ops? How do you figure out what you need 10 years Navy doesn't know because we don't have them yet. And so that's okay, right?
How do you figure out all the con ops?
How do you figure out what you need 10 years from now?
You just, you start doing it.
And it all kind of, you figure it out as you go.
The, hey, we'll sit around and we'll figure this out
on a whiteboard and we'll build PowerPoint slides
for four years, that needs to stop.
We'll build PowerPoint slides for four years. That needs to stop.
So what the ratio or what overall Navy manning looks like
10 years from now, I don't know.
But the number of humans that will be put at potentially
at risk will be exponentially lower.
I'm a hundred percent with you.
I mean, if when I first started hearing about, will be exponentially lower. I'm a hundred percent with him.
When I first started hearing about, I mean, I guess drones,
you know, was the kind of the first thing that crossed my mind is there goes the human connection
from a
guy on the ground to the aerial platform that's covering your ass, you know.
Once I got over that and I mean, it's just less people going to war that have to, I mean, you know, once I got over that, and I mean, it's just
less people going to war that have to, I mean, you'd mentioned
it earlier, less people that have to live with the traumatic
experiences that war gives you.
And so I'm a hundred percent on board with you.
I think it's amazing what you're doing.
It's just, I can also see the aspect of how it will be hard for
especially flag officers and
Congressman to go this is gonna shrink the Navy. It's gonna shrink it quite a bit
Well, it goes back to my point earlier. Like I don't, I'm not, I'm like firmly not in the camp of
we need less manned Navy ships right now.
I don't think that's the right answer right now, right?
Maybe 10, 20 years from now as everything evolves.
Look, we still have the most powerful Navy in the world.
If we went to war in China tomorrow, would we win?
Yeah, 100%.
Well, I don't know about 100%, but I believe,
like Dino's belief, 100%, right?
Because we're the United States.
Now, maybe that's naive view,
maybe that's a disputed view,
but I believe we have the most powerful military
in the world still today.
I don't think the Chinese ships have the capabilities that we have.
I don't think their sailors have the resolve that we have.
But the trend lines are going in the wrong direction, completely wrong direction to where
I don't know how much longer that's true for.
And so what we need to do is not replace and shrink the Navy that we have.
It's augment and force multiply the Navy that we have.
It's make our Navy 10 times more powerful, a hundred times more powerful through
autonomy so that we can crush any hope the Chinese have of starting a conflict with us.
That's the goal, right? I think it's a long time out. And I take your point, and flag officer,
are they protecting their jobs and their domains? And is Congress really going to be like, let's go
shrink the Navy? I don't even know if that's the answer.
Right?
Right now we're just focused on how do we make the Navy more powerful?
How do we augment the ships that we have in the fleet because we can't get more of them,
because we can't build them?
And how do we keep the people safe?
Right?
And how do we do that through autonomy?
And look, we talked about the trade-offs earlier.
What's the right ratio?
Right, is it?
Okay, I don't need the next aircraft.
You're talking about the ability to 10X the capability
of the entire fleet for the cost of a few ships,
like single digit ships that we can't really build anyway.
So the ability to do that at a much faster pace, at a much more economical price point,
it's just there's no...
And so the universal view that I'm hearing both within the Navy and Congress is, and I'm completely
aligned with it, is like, there's just no other way.
There's no other way.
We need this.
And now it's our job, it's ironic.
Go get it done.
We have to keep putting our money where our mouth is.
We have to keep proving it out every single day.
Because the country needs it, the world needs it.
I love it, I love it.
You know, I told you at breakfast,
we're building a new studio and I'm actually putting a moat
around the entire studio so, you know,
I expect to get a six foot wave runner
autonomous vehicle to patrol.
I'll have to have you sign it though.
Yeah, well, we'll have it there.
For sure.
I told you that not just the commercial use cases, one of our key ones can be protecting
your new studio.
Oh, I'm only semi-bullshitting you. But, well, Dino, this has been a fascinating conversation and, man, it was just an honor
to have you here and I'm just so happy for you and what you're doing for the country
and all the success that you're experiencing and I just love it, man.
So thank you.
Thank you for the time.
Well, thank you for having me again.
It's an honor to be here.
And it's so exciting to see all the things
that you're doing as well.
So keep crushing it.
And I'm looking forward to the next one.
You too.
Thank you.
Awesome, man.
Thank you. I gotta tell you, when I was younger, I could sleep anywhere.
In the back of a car, on a boat, a helicopter, or even on a log in the woods.
Literally anywhere.
Now, especially with my hectic schedule, it is tough to get a good night's sleep.
Thankfully, I'm well rested with Helix.
Since I've started sleeping on the Helix mattress they sent me, my back pain is so
much better and I wake up feeling refreshed and I'm always ready for whatever the day
brings.
Helix is made to fit your body type and sleep position. And, Helix has
been recommended by multiple leading professionals as a go-to solution for improving sleep. They can
even recommend which mattress will work best for you. Now is the best time to try Helix, and right now they're having a summer sale. Go to helixsleep.com.srs for 20% off site wide.
That's helixsleep.com.srs for 20% off site wide. helixsleep.com. Soccer Federation presents the U.S. Soccer Podcast. Inside the opening 45 seconds. What a goal!
With that cannon of a left foot.
All even at one.
Never miss a game.
What a start for the United States.
Shot from distance. What a goal!
Never miss a moment.
It's Squizit from the San Diegan.
Can he finish? Yes he can!
Yeah!
The U.S. Soccer Podcast.
Follow and listen on your favorite platform.