DealBench invests in early stage companies.
Houston, Texas
Joined July 2009
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Mike Bridges retweeted
“Have a f—ing heart” — @joerogan to @realDonaldTrump
Mike Bridges retweeted
Today, the People's Republic of China sanctioned Anduril and some of our executives. Looks like we're doing something right. We remain unwavering in our commitment to defending democracy across the globe.
Mike Bridges retweeted
Today, we are announcing a new manufacturing facility for large scale production of Autonomous Underwater Vehicles (AUVs) in Quonset Point, Rhode Island. The 150,000 square foot production facility will enable Anduril to immediately increase production capacity for its Dive-LD family of AUVs to more than 200 hulls per year.
anduril.com/article/anduril-…
Mike Bridges retweeted
The people who came before us met a grim and brutal world with integrity and the resolve to make it better.
We critique this past from a morality only affordable in a society of abundance. In a foxhole, there are no atheists. In the jungle, there is no compassion.
Be better.
Mike Bridges retweeted
I want robots
I want robots so cheap they're piling up like garbage
Robots so adaptive they form feral packs in the woods
Robots so durable they watch geology flow like water
Robots so wise they face tragedy with a knowing nod
I want REAL robots and I want them NOW
Mike Bridges retweeted
It's great to see a bunch of new faces join the criminal justice reform effort this week.
Mike Bridges retweeted
We’re gonna need a bigger boat!
Meet Ghost Shark, an extra-large autonomous undersea vehicle (XL-AUV). That’s right, a massive underwater drone.
As a defense product, Ghost Shark is even rarer than the creature it was named after: the prototype was delivered ahead of schedule, and on budget.
We were honored to unveil the first of these with the Royal Australian Navy yesterday. More are on the way.
Mike Bridges retweeted
If Darwin published his theory of natural selection today, the tweet announcing it would be deprioritized because it contained a link, and instead Twitter would show you wisecracks that fit in 280 characters.
Mike Bridges retweeted
Elizabeth Warren says her wealth tax will "rebuild America's middle class." Amusingly enough, that's true! The reason the middle class has been shrinking is not because more people are becoming poor, but because more are becoming rich. Her tax will reverse that trend.
Mike Bridges retweeted
The @USArmy has selected Anduril to spearhead hardware design, development, and manufacturing for the Tactical Intelligence Targeting Node (TITAN) ground station system.
We are ready to produce TITAN at scale.
Learn more: anduril.com/article/army-sel…
Mike Bridges retweeted
It's a mistake to try to raise money if you're not quite attractive enough to investors. They don't say no immediately. They suck up a lot of your time and hope, and then say no. It's a huge distraction and crushingly bad for morale.
Mike Bridges retweeted
This is completely ridiculous and completely awesome and I want to be a part of this band so bad 😂😂😂
Mike Bridges retweeted
How a book written in 1910 could teach you calculus better than several books of today
[Calculus Made Easy, by Silvanus P. Thompson, 1910: calculusmadeeasy.org]
Mike Bridges retweeted
Hi @missrogue, I found this on the internet and thought you might want it back. I would, it's a gem.
Mike Bridges retweeted
You should be 1000x more concerned with Chinese control of the primary news source for young people in the US than the Japanese owning some steel mills on American soil.
Mike Bridges retweeted
Disagree. IPO markets are wide open. We ❤️ the chance to buy fast growing, profitable, smaller companies. The hurdle to more IPOs are unfit companies & inflated price expectations by Boards unwisely anchored to a zero rate world. Get fit & get public. Price clears all markets. 🚀
Investors and CEOs: The bar for technology companies to go public on US exchanges today is $500M of annualized high margin (75%+ GM) revenue.
Klaviyo LTM revenue: $585M (80%+ GM)
Instacart LTM ads revenue: $740M (80%+ GM)
ARM LTM revenue: $2.68B (96% GM!)
If you have a company doing $100M in annual revenue, growing 30% YoY, it's 6+ years away from hitting that $500M threshold. And if it's "only" growing 20% YoY at $100M, it's 9 years from hitting this milestone.
Companies will need to stay patient for a VERY long period of time before tapping the public markets. Buckle down, execute, and figure out how to raise capital to get to the promised land, OR exit through M&A.
Now, the bar might come down over time, as bankers + investors try to get lower scale companies out (or companies might be forced to test the markets since private markets are closed), but these micro / sub-scale IPOs will be painful for everyone - employees, founders and investors alike.
Be realistic with yourself (and your LPs) about how many companies will really make it. Most will give up during this two decade march.