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Submission: On December 30 via manual from US — Scanned from US
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Skip to contentSkip to site index Search & Section Navigation Section Navigation SEARCH SUBSCRIBE FOR $1/WEEKLog in Politics|New Spin on a Revolving Door: Pentagon Officials Turned Venture Capitalists https://www.nytimes.com/2023/12/30/us/politics/pentagon-venture-capitalists.html * Share full article * * Mark T. Esper, the former defense secretary, has joined a venture capital firm that invests in military startups.Credit...Mark Abramson for The New York Times NEW SPIN ON A REVOLVING DOOR: PENTAGON OFFICIALS TURNED VENTURE CAPITALISTS Retired officers and departing defense officials are flocking to investment firms that are pushing the government to provide more money to defense-technology startups. Mark T. Esper, the former defense secretary, has joined a venture capital firm that invests in military startups.Credit...Mark Abramson for The New York Times Supported by SKIP ADVERTISEMENT * Share full article * * * Read in app By Eric Lipton Reporting from Simi Valley, Calif., and Washington, D.C., as part of a yearlong examination of the Pentagon’s efforts to embrace new technology amid growing global demand for weapons. * Dec. 30, 2023 When Defense Secretary Lloyd J. Austin III and other top officials assembled for an event this month at the Ronald Reagan Presidential Library, they walked into a lesson in how the high-stakes world of Pentagon lobbying is being altered by the rise of defense technology startups. Inside, at this elite gathering near Los Angeles of senior leaders from government and the arms industry, was a rapidly growing group of participants: former Pentagon officials and military officers who have joined venture capital firms and are trying to use their connections in Washington to cash in on the potential to sell a new generation of weapons. They represent a new path through the revolving door that has always connected the Defense Department and the military contracting business. Subscribe to The Times to read as many articles as you like. Eric Lipton is an investigative reporter, who digs into a broad range of topics from Pentagon spending to toxic chemicals. More about Eric Lipton * Share full article * * * Read in app Advertisement SKIP ADVERTISEMENT SITE INDEX SITE INFORMATION NAVIGATION * © 2023 The New York Times Company * NYTCo * Contact Us * Accessibility * Work with us * Advertise * T Brand Studio * Your Ad Choices * Privacy Policy * Terms of Service * Terms of Sale * Site Map * Canada * International * Help * Subscriptions Enjoy unlimited access to all of The Times. See subscription options