Earth Observation

The sector looks simple
from the outside.

Earth observation companies are hybrid operating models: hardware, software, government, and commercial, all running inside a single organisation. The structural tensions between those modes are what determine whether the company scales or stalls. Standard due diligence doesn't look for them.

The Expert Network Model Isn't Designed to Give You What You Need

Expert networks give you 45 anonymous minutes. You need a structural diagnosis of the EO company you're about to invest in. The model is wrong, not the experts.

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Defense & Dual-Use

Climate tech companies don't pivot to defense because defense is more attractive. They pivot because the climate market hasn't been built.

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The most expensive DD
is the one you didn't do.

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