EP 123 — Overmatch Ventures' Morgan Hitzig On The Founder Offset And Why America Wins By Playing Its Own Game
If 85% of defense M&A exits land below $100 million in enterprise value, why are so many defense tech founders raising at valuations unmoored from the fundamentals? Morgan Hitzig, General Partner at Overmatch Ventures, thinks the answer lies in who founders take money from and whether those investors understand budget cycles, colors of money, and what it takes to scale production.
Morgan walks Dave through how Overmatch deploys its oversubscribed $250 million fund across deep tech, defense, and space at the pre-seed to Series A stage. She introduces the "Founder Offset" thesis, where…
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