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Forbes Daily Briefing

Military Tech Investors Go Looking For A Trump Bump At Mar-a-Lago

Forbes Daily Briefing

Forbes

Careers, Business, News, Entrepreneurship

4.612 Ratings

🗓️ 17 January 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Defense venture capitalists eager for proximity to power are hosting funding events and conferences at the winter White House. If they’re lucky, the president-elect himself will stop by.

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Transcript

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0:00.0

Here's your Forbes Daily Briefing for Friday, January 17th.

0:05.8

Today on Forbes, military tech investors go looking for a Trump bump at Mar-a-Lago.

0:13.3

On a recent evening, Neil Keegan, a defense tech investor, held a pitch meeting, gathering

0:19.6

limited partners to hear how his firm, Marlon

0:22.4

Spike Partners, planned to become a leading backer of startups building weapons to arm the U.S.

0:27.7

military.

0:29.0

The event, cocktails and a presentation, was a largely paint-by-numbers affair.

0:34.8

What was unusual was its location, President Donald Trump's Mar-a-Lago. The property, once a

0:41.9

destination for gaudy weddings and gala's, and now a political hotbed, has become a favored

0:47.2

location for venture capital funds, hoping the appearance of proximity to the incoming president

0:52.2

will bolster their fundraising efforts or result in a

0:55.6

chance meeting with someone who has his ear. Kegan told Forbes, quote, the energy that Mar-Lago and the

1:01.9

new administration represents is that change is coming and change is needed. He added that he had

1:07.6

run into Trump while at the club. He explained, quote, When he walked out, I stood up and said,

1:13.0

Good luck, sir.

1:14.0

He looked right at me and gave me the famous point

1:16.2

and said, thank you very much.

1:19.1

Trump's so-called Winter White House in Palm Beach, Florida,

1:22.3

has been the nerve center of his presidential transition,

1:25.1

drawing business titans, foreign leaders, and politicians alike.

1:29.2

There has also been the conga line of Silicon Valley leaders who've made the pilgrimage to dine

1:33.7

with Trump, including Mark Zuckerberg, Jeff Bezos, and Tim Cook, all of whom have donated

...

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