1 00:00:00,510 --> 00:00:03,640 Okay , good afternoon everybody uh to 2 00:00:03,640 --> 00:00:05,640 our members and to everyone joining 3 00:00:05,640 --> 00:00:07,862 virtually . My name is Colleen Laughlin 4 00:00:07,862 --> 00:00:10,084 and I am the designated federal Officer 5 00:00:10,084 --> 00:00:12,307 for the Defense Innovation Board and we 6 00:00:12,307 --> 00:00:14,529 will now convene the Defense Innovation 7 00:00:14,529 --> 00:00:17,080 boards fall public meeting . The board 8 00:00:17,080 --> 00:00:19,302 is a discretionary independent advisory 9 00:00:19,302 --> 00:00:21,191 board operating under the Federal 10 00:00:21,191 --> 00:00:23,413 Advisory Committee Act , and Government 11 00:00:23,413 --> 00:00:25,580 and Sunshine Act . Today's meeting was 12 00:00:25,580 --> 00:00:27,636 announced in the Federal Register on 13 00:00:27,636 --> 00:00:30,610 october 14th 2022 is being live 14 00:00:30,610 --> 00:00:33,510 streamed and recorded to allow members 15 00:00:33,510 --> 00:00:36,150 of the public to attend virtually . We 16 00:00:36,150 --> 00:00:38,261 are really excited to be here today . 17 00:00:38,740 --> 00:00:41,000 We have an amazing group gathered who 18 00:00:41,000 --> 00:00:43,056 you'll get a chance to meet and hear 19 00:00:43,056 --> 00:00:45,700 from momentarily . But first I'd like 20 00:00:45,700 --> 00:00:48,070 to take a moment to introduce our dib 21 00:00:48,070 --> 00:00:51,060 chair . He is an individual who 22 00:00:51,060 --> 00:00:54,070 epitomizes american values of service 23 00:00:54,070 --> 00:00:56,570 and selflessness , an entrepreneur , 24 00:00:56,580 --> 00:01:00,330 philanthropist and public servant um 25 00:01:00,340 --> 00:01:03,200 was driving innovation as mayor of the 26 00:01:03,200 --> 00:01:05,860 largest U . S . City fostering new york 27 00:01:05,870 --> 00:01:08,170 as a tech hub . He's built large 28 00:01:08,170 --> 00:01:11,360 company of engineers utilizing data in 29 00:01:11,360 --> 00:01:13,440 new ways to transform the financial 30 00:01:13,440 --> 00:01:15,840 sector and he's been a philanthropist 31 00:01:15,850 --> 00:01:18,340 working issues across global challenges 32 00:01:18,350 --> 00:01:20,580 including public health and climate . 33 00:01:20,590 --> 00:01:23,220 We are deeply honored to have you as 34 00:01:23,220 --> 00:01:25,442 our chair . So Mr Michael Bloomberg , I 35 00:01:25,442 --> 00:01:29,270 turn it over to you . Mhm . 36 00:01:31,160 --> 00:01:33,650 Well , thank you Colleen . Uh and hello 37 00:01:33,650 --> 00:01:35,706 everyone and thanks for joining us . 38 00:01:35,930 --> 00:01:37,986 Colleen , You were very nice in your 39 00:01:37,986 --> 00:01:40,041 introduction and you read it exactly 40 00:01:40,041 --> 00:01:42,319 the way I wrote it . So it was perfect . 41 00:01:42,580 --> 00:01:44,780 Uh seriously . I know I speak for all 42 00:01:44,780 --> 00:01:47,520 my fellow board members when we say 43 00:01:47,530 --> 00:01:49,641 when I say we're honored to have been 44 00:01:49,641 --> 00:01:51,919 asked to serve at such a critical time . 45 00:01:51,919 --> 00:01:54,030 The U . S . Department of Defense has 46 00:01:54,030 --> 00:01:56,086 built the greatest military force in 47 00:01:56,086 --> 00:01:58,620 the world and it's always incredibly 48 00:01:58,620 --> 00:02:00,810 impressive to hear from Secretary 49 00:02:00,810 --> 00:02:03,730 Austin and his senior team as we've 50 00:02:03,730 --> 00:02:06,250 done throughout the day today there's 51 00:02:06,250 --> 00:02:08,810 certainly no shortage of challenges and 52 00:02:08,810 --> 00:02:11,980 opportunities facing them right now and 53 00:02:11,980 --> 00:02:14,230 the department knows it . The world 54 00:02:14,230 --> 00:02:17,900 seems to be spinning faster and faster , 55 00:02:17,910 --> 00:02:19,750 becoming more complex and 56 00:02:19,760 --> 00:02:22,420 interconnected every single day . So 57 00:02:22,420 --> 00:02:26,260 adaptive , adaptive adaptability and 58 00:02:26,270 --> 00:02:28,270 innovation have become increasingly 59 00:02:28,270 --> 00:02:30,340 critical to the pentagon and to 60 00:02:30,340 --> 00:02:32,270 America's security and leadership 61 00:02:32,270 --> 00:02:34,920 around the world . Now , America's 62 00:02:34,920 --> 00:02:37,520 private sector leads in global R . And 63 00:02:37,520 --> 00:02:39,631 D . As we know and the private sector 64 00:02:39,631 --> 00:02:41,860 has a vital role to play in expanding 65 00:02:41,860 --> 00:02:44,430 our nation's capabilities . That 66 00:02:44,430 --> 00:02:47,460 requires not just new ideas but also 67 00:02:47,460 --> 00:02:49,340 new partnerships that can better 68 00:02:49,340 --> 00:02:51,600 connect businesses , government and 69 00:02:51,600 --> 00:02:53,710 academia and those kinds of 70 00:02:53,710 --> 00:02:55,377 partnerships fueled America's 71 00:02:55,377 --> 00:02:58,030 leadership in the past and we want the 72 00:02:58,030 --> 00:02:59,990 Department of Defense to continue 73 00:02:59,990 --> 00:03:02,350 embracing the kind of experimentation 74 00:03:02,700 --> 00:03:04,700 that can help it keep pace with the 75 00:03:04,700 --> 00:03:07,430 speed of the future . Also we can build 76 00:03:07,430 --> 00:03:09,730 enduring technological advantages for 77 00:03:09,730 --> 00:03:12,008 our military and those who serve in it . 78 00:03:12,090 --> 00:03:15,070 If we all work together , put simply we 79 00:03:15,070 --> 00:03:17,310 are not doing our jobs here . If we are 80 00:03:17,310 --> 00:03:19,770 not drawn not drawing on the strengths 81 00:03:19,780 --> 00:03:21,890 of the private sector and helping 82 00:03:21,890 --> 00:03:24,570 service members do their jobs across 83 00:03:24,570 --> 00:03:27,530 the globe . Having worked in business 84 00:03:27,540 --> 00:03:30,220 and government and philanthropy I can 85 00:03:30,220 --> 00:03:32,630 say that innovation isn't only about 86 00:03:32,630 --> 00:03:35,500 science and technology . Innovation 87 00:03:35,500 --> 00:03:38,390 starts with people and it requires 88 00:03:38,390 --> 00:03:40,640 building an organizational culture that 89 00:03:40,640 --> 00:03:43,350 can develop new ideas , take a few big 90 00:03:43,350 --> 00:03:46,370 swings live with the inevitable misses 91 00:03:46,450 --> 00:03:48,680 and then scale up the ideas that show 92 00:03:48,680 --> 00:03:51,350 the most promise , fostering that kind 93 00:03:51,350 --> 00:03:53,590 of culture is where we can play a 94 00:03:53,590 --> 00:03:55,970 helpful role and we are building from a 95 00:03:55,970 --> 00:03:59,610 very strong foundation as you know the 96 00:03:59,610 --> 00:04:01,610 D . I . B . Was established to help 97 00:04:01,610 --> 00:04:03,850 spur innovation across the department 98 00:04:03,880 --> 00:04:06,150 and bridge the public and private 99 00:04:06,150 --> 00:04:08,880 sectors . Over the years the board has 100 00:04:08,880 --> 00:04:11,180 been successful in bringing new ideas 101 00:04:11,180 --> 00:04:14,100 forward including on talent and culture , 102 00:04:14,170 --> 00:04:16,850 digital transformation software 103 00:04:16,850 --> 00:04:19,890 acquisition and artificial intelligence . 104 00:04:20,020 --> 00:04:22,710 It's also adopted principles and best 105 00:04:22,710 --> 00:04:25,120 practices from business to help the 106 00:04:25,120 --> 00:04:27,690 department run more smoothly . But 107 00:04:27,690 --> 00:04:29,990 there is much more that we can do and 108 00:04:29,990 --> 00:04:32,046 I'm looking forward to the challenge 109 00:04:32,046 --> 00:04:34,190 and now I'd like to introduce each of 110 00:04:34,190 --> 00:04:36,412 the board members to share a little bit 111 00:04:36,412 --> 00:04:39,120 about their backgrounds . Uh First Ryan 112 00:04:39,120 --> 00:04:42,220 Swan , you are lucky enough to go first 113 00:04:42,230 --> 00:04:46,190 after you . Uh It's an honor 114 00:04:46,190 --> 00:04:48,510 to serve . My name is Ryan Swan . I am 115 00:04:48,510 --> 00:04:50,732 the chief data and analytics officer at 116 00:04:50,732 --> 00:04:53,370 Vanguard but I focus on data analytics 117 00:04:53,380 --> 00:04:55,980 ai and ml really across the firm . 118 00:04:55,990 --> 00:04:58,157 Prior to that I spent over 20 years in 119 00:04:58,157 --> 00:05:00,460 the data and analytics space uh both in 120 00:05:00,460 --> 00:05:02,682 the private sector and venture . But as 121 00:05:02,682 --> 00:05:04,904 well as as a executive branch , a civil 122 00:05:04,904 --> 00:05:06,793 servant and as well served in the 123 00:05:06,793 --> 00:05:08,849 Marine Corps . So it's a pleasure to 124 00:05:08,849 --> 00:05:10,960 bring that experience to the board as 125 00:05:10,960 --> 00:05:13,016 we , as we look at this intersection 126 00:05:13,016 --> 00:05:15,127 between people process and technology 127 00:05:15,127 --> 00:05:17,238 really fueled by data and analytics . 128 00:05:17,238 --> 00:05:19,690 So happy to be here . Thank you . You 129 00:05:19,690 --> 00:05:22,010 should know that Ryan is , was the 130 00:05:22,010 --> 00:05:24,080 chief data , is the chief data 131 00:05:24,080 --> 00:05:26,740 analytics officer at Vanguard . Uh , 132 00:05:26,750 --> 00:05:28,806 next we have an old friend of mine , 133 00:05:28,806 --> 00:05:31,180 Admiral Michael mullen , us Navy 134 00:05:31,180 --> 00:05:33,590 retired . He was chairman of the Joint 135 00:05:33,600 --> 00:05:35,950 Chiefs of Staff . Mike . Thank you . 136 00:05:35,950 --> 00:05:39,000 Mike . Again , it's an honor for me to 137 00:05:39,000 --> 00:05:41,111 be here as well . It's the first time 138 00:05:41,111 --> 00:05:43,111 I've been back in the building in a 139 00:05:43,111 --> 00:05:45,000 serious capacity and almost , and 140 00:05:45,000 --> 00:05:47,111 actually in over 11 years . So when I 141 00:05:47,111 --> 00:05:50,150 retired , well I might be remembered 142 00:05:50,150 --> 00:05:52,150 for the time as chairman during two 143 00:05:52,150 --> 00:05:54,206 wars actually before that I spent an 144 00:05:54,206 --> 00:05:56,261 awful lot of time in the acquisition 145 00:05:56,261 --> 00:05:58,460 world , in the budget world and in the 146 00:05:58,460 --> 00:06:00,571 programming world . And there's a lot 147 00:06:00,571 --> 00:06:02,750 of work from an innovation standpoint 148 00:06:02,750 --> 00:06:04,806 that I felt needed to be done then . 149 00:06:04,806 --> 00:06:06,528 And clearly just after today's 150 00:06:06,528 --> 00:06:10,160 briefings still needs to be done , uh , 151 00:06:10,170 --> 00:06:12,050 focusing on speed , agility , 152 00:06:12,050 --> 00:06:14,870 flexibility and as the secretary has 153 00:06:14,870 --> 00:06:17,037 said , delivering for the warfighter , 154 00:06:17,037 --> 00:06:19,037 which is really key . We live in an 155 00:06:19,037 --> 00:06:21,820 incredibly challenging time . I've been 156 00:06:21,820 --> 00:06:23,990 in the private sector now for a little 157 00:06:23,990 --> 00:06:26,157 over a decade and learned a great deal 158 00:06:26,157 --> 00:06:28,240 about how they do things . It isn't 159 00:06:28,240 --> 00:06:30,351 always perfect out there as well . It 160 00:06:30,351 --> 00:06:32,770 takes a lot of hard work and focus and 161 00:06:32,770 --> 00:06:35,280 also just being with my colleagues 162 00:06:35,280 --> 00:06:38,570 today , listening to them talk about 163 00:06:38,570 --> 00:06:40,514 the challenges that are here . I'm 164 00:06:40,514 --> 00:06:42,570 actually very optimistic that we can 165 00:06:42,570 --> 00:06:44,459 make a big difference in terms of 166 00:06:44,459 --> 00:06:46,626 innovating , creating innovative ideas 167 00:06:46,626 --> 00:06:49,720 and disrupting the current processes in 168 00:06:49,720 --> 00:06:52,140 a way that delivers this capability and 169 00:06:52,140 --> 00:06:54,251 really makes a difference . So it's a 170 00:06:54,251 --> 00:06:56,307 great pleasure to be here with you , 171 00:06:56,307 --> 00:06:58,473 Mike and the rest of the team . Thanks 172 00:06:58,473 --> 00:07:00,640 Mike , thank you . Next Gilda Barbie . 173 00:07:00,640 --> 00:07:02,950 No , she is president of Olin College 174 00:07:02,960 --> 00:07:05,250 of Engineering . Gilda , thank you , 175 00:07:05,250 --> 00:07:08,550 Mike . As president of Olin College . 176 00:07:08,560 --> 00:07:11,690 Um we were established to transform 177 00:07:11,690 --> 00:07:13,857 engineering education through constant 178 00:07:13,857 --> 00:07:17,140 innovation and change and we integrate 179 00:07:17,150 --> 00:07:20,170 engineering with liberal arts and um 180 00:07:20,180 --> 00:07:22,236 entrepreneurship to solve real world 181 00:07:22,236 --> 00:07:24,124 problems and chemical engineer by 182 00:07:24,124 --> 00:07:26,069 training and I'm very much looking 183 00:07:26,069 --> 00:07:28,180 forward to serving on the D . I . B . 184 00:07:28,180 --> 00:07:30,430 And bringing forth those insights to 185 00:07:30,430 --> 00:07:33,780 the D . I . B . Thank you . Thank you . 186 00:07:33,790 --> 00:07:36,012 Another friend of mine , Reid Hoffman , 187 00:07:36,012 --> 00:07:39,460 co founder of Linkedin and a partner at 188 00:07:39,470 --> 00:07:43,140 Greylock Partners . Thank you , Mike , 189 00:07:43,150 --> 00:07:46,480 the uh this is a pleasure and an honor 190 00:07:46,490 --> 00:07:48,434 to serve on the Defense Innovation 191 00:07:48,434 --> 00:07:50,470 Board . Again , um you know , the 192 00:07:50,470 --> 00:07:52,581 previous experience , we had a lot of 193 00:07:52,581 --> 00:07:54,470 different threads of very engaged 194 00:07:54,470 --> 00:07:56,830 conversation across the services . Um 195 00:07:56,840 --> 00:07:59,280 you know , figuring out as Mike 196 00:07:59,280 --> 00:08:01,336 mentioned earlier software ai talent 197 00:08:01,336 --> 00:08:03,280 recruiting and deployment . Uh and 198 00:08:03,280 --> 00:08:05,502 obviously , you know , one of our parts 199 00:08:05,502 --> 00:08:07,890 of our charter is to look at what 200 00:08:07,900 --> 00:08:09,844 entrepreneurship innovation in the 201 00:08:09,844 --> 00:08:12,420 commercial sector and other things can 202 00:08:12,430 --> 00:08:15,310 that are deployed , you know , beyond 203 00:08:15,310 --> 00:08:17,880 the scope of the services that can help 204 00:08:17,890 --> 00:08:21,790 in the um , the services missions . So 205 00:08:21,790 --> 00:08:23,846 it's a delight and an honor to serve 206 00:08:23,846 --> 00:08:26,420 again . Thank you . Sue Gordon ? Former 207 00:08:26,420 --> 00:08:28,950 Principal Deputy Director of National 208 00:08:28,950 --> 00:08:32,270 Intelligence . Thanks mike , I too am 209 00:08:32,270 --> 00:08:34,910 delighted to be here . Um you know , 210 00:08:34,910 --> 00:08:37,920 intelligence and military operations go 211 00:08:37,920 --> 00:08:40,230 together like peas and carrots . So 212 00:08:40,230 --> 00:08:43,940 it's a great chance um to take my 213 00:08:43,940 --> 00:08:45,996 lessons and bring them here over the 214 00:08:45,996 --> 00:08:47,996 first of my career . Did everything 215 00:08:47,996 --> 00:08:50,770 from analysis , uh , building systems 216 00:08:50,770 --> 00:08:53,700 to cyber operations to support 217 00:08:53,700 --> 00:08:56,730 operations . And so I understand that 218 00:08:56,730 --> 00:08:58,841 you need innovation across the entire 219 00:08:58,841 --> 00:09:01,063 ecosystem in order to achieve different 220 00:09:01,063 --> 00:09:04,230 outcome . Um what a great moment where 221 00:09:04,240 --> 00:09:06,407 things are both different and familiar 222 00:09:06,407 --> 00:09:10,180 when we have to act with urgency 223 00:09:10,190 --> 00:09:13,980 and that the moment requires us to 224 00:09:14,280 --> 00:09:17,480 be fast , be partnered and be 225 00:09:17,480 --> 00:09:19,650 innovative and I'm with you confident 226 00:09:19,650 --> 00:09:21,880 we can do it well . Said thank you . 227 00:09:21,880 --> 00:09:24,150 I'm sure you're right . Uh will roper , 228 00:09:24,150 --> 00:09:26,530 former Assistant Secretary of the Air 229 00:09:26,530 --> 00:09:29,110 Force for acquisition technology and 230 00:09:29,110 --> 00:09:32,790 Logistics . Thanks mike , uh I guess I 231 00:09:32,800 --> 00:09:35,540 seven uh find it a pleasure to be back 232 00:09:35,540 --> 00:09:38,680 in the building . I love innovation in 233 00:09:38,680 --> 00:09:40,847 the National Security space . I've had 234 00:09:40,847 --> 00:09:42,847 the privilege of doing it for a few 235 00:09:42,847 --> 00:09:45,013 years as the Air Force and Space Force 236 00:09:45,013 --> 00:09:47,236 acquisition , Executive director of the 237 00:09:47,236 --> 00:09:50,090 strategic capabilities office and have 238 00:09:50,100 --> 00:09:52,100 have since , enjoyed learning about 239 00:09:52,100 --> 00:09:54,044 innovation in the private sector , 240 00:09:54,044 --> 00:09:55,933 working with consultancy fees and 241 00:09:55,933 --> 00:09:58,540 investment firms and startups . So it's 242 00:09:58,540 --> 00:10:00,762 a privilege to be back hopefully to try 243 00:10:00,762 --> 00:10:02,980 to bring both of those worlds together 244 00:10:02,980 --> 00:10:05,190 on the Defense Innovation Board and I 245 00:10:05,190 --> 00:10:06,912 certainly know how challenging 246 00:10:06,912 --> 00:10:08,968 innovation is inside of the pentagon 247 00:10:08,968 --> 00:10:11,930 and the services . So I I I plan to to 248 00:10:11,930 --> 00:10:14,097 treat every recommendation as if I had 249 00:10:14,097 --> 00:10:16,152 to implement it myself and hopefully 250 00:10:16,152 --> 00:10:18,152 we'll be able to help move the ball 251 00:10:18,152 --> 00:10:20,374 forward for those who are serving right 252 00:10:20,374 --> 00:10:22,500 now in government . And last but 253 00:10:22,500 --> 00:10:24,750 certainly not least , William Mac 254 00:10:24,750 --> 00:10:27,240 thornberry . Uh he comes from the 255 00:10:27,240 --> 00:10:30,290 panhandle in texas , formerly texas 256 00:10:30,290 --> 00:10:32,750 congressman and former Chairman of the 257 00:10:32,750 --> 00:10:35,080 House Armed Services Committee so he 258 00:10:35,080 --> 00:10:38,230 can add a lot here . Mac , thank you 259 00:10:38,230 --> 00:10:41,820 mike . Um I was able to spend 260 00:10:41,830 --> 00:10:44,870 26 years in the Congress all of that 261 00:10:44,870 --> 00:10:46,703 time on the House Armed Services 262 00:10:46,703 --> 00:10:49,280 Committee and privileged to become its 263 00:10:49,280 --> 00:10:52,790 chairman as chairman . My primary 264 00:10:52,790 --> 00:10:55,920 initiative was acquisition reform . How 265 00:10:55,920 --> 00:10:58,370 we can get the best that our country 266 00:10:58,370 --> 00:11:01,020 can produce into the hands of the war 267 00:11:01,020 --> 00:11:04,480 fighters faster and on the hill . We 268 00:11:04,480 --> 00:11:07,630 had some success . Uh it was a totally 269 00:11:07,630 --> 00:11:10,870 bipartisan effort and I look forward to 270 00:11:10,880 --> 00:11:12,880 continuing some of that work on a 271 00:11:12,880 --> 00:11:16,020 nonpartisan in a nonpartisan way as a 272 00:11:16,020 --> 00:11:18,270 member of this board . Thank you 273 00:11:18,280 --> 00:11:20,590 Carleen . It's been a very productive 274 00:11:20,590 --> 00:11:22,701 day and we have our marching orders , 275 00:11:22,701 --> 00:11:24,701 so to speak . Uh let me just say on 276 00:11:24,701 --> 00:11:26,812 behalf of the board , we look forward 277 00:11:26,812 --> 00:11:28,757 to fulfilling our mission . And we 278 00:11:28,757 --> 00:11:30,820 welcome continued feedback from the 279 00:11:30,820 --> 00:11:33,860 public as well . And thank you to 280 00:11:33,860 --> 00:11:36,310 Secretary Austin for the opportunity to 281 00:11:36,310 --> 00:11:38,740 serve and for spending time with the 282 00:11:38,740 --> 00:11:41,420 Defense Innovation Board today . So 283 00:11:41,420 --> 00:11:43,642 thank you everyone and we'll see you at 284 00:11:43,642 --> 00:11:46,030 our winter board meeting next year and 285 00:11:46,040 --> 00:11:49,490 all the best mike . Thank you so much . 286 00:11:49,500 --> 00:11:51,444 I thought I might , I'm gonna do a 287 00:11:51,444 --> 00:11:53,611 little audible here and switch it up , 288 00:11:53,611 --> 00:11:55,960 but maybe just take a moment to discuss 289 00:11:55,960 --> 00:11:58,182 some of the themes and issues , I think 290 00:11:58,182 --> 00:12:00,960 that everyone heard today . Um , and 291 00:12:00,970 --> 00:12:03,081 sort of let some of the board members 292 00:12:03,081 --> 00:12:05,192 kind of share their perspectives on , 293 00:12:05,192 --> 00:12:07,303 um , what some of these topics are we 294 00:12:07,303 --> 00:12:10,020 of course had the secretary offer two 295 00:12:10,020 --> 00:12:12,130 issues that he asked the Defense 296 00:12:12,130 --> 00:12:14,710 Innovation Board to look at . Um , one 297 00:12:14,710 --> 00:12:17,210 was around , uh , investment capital 298 00:12:17,210 --> 00:12:18,877 and the Department of Defense 299 00:12:18,877 --> 00:12:21,400 relationship with that . Um , so , you 300 00:12:21,400 --> 00:12:23,011 know , I thought that was an 301 00:12:23,011 --> 00:12:25,178 interesting one and would welcome some 302 00:12:25,178 --> 00:12:27,067 of the board members just initial 303 00:12:27,067 --> 00:12:29,233 thinking on that . And then the second 304 00:12:29,233 --> 00:12:31,178 one we had was um , asking for the 305 00:12:31,178 --> 00:12:33,122 board's inputs and thinking as the 306 00:12:33,122 --> 00:12:35,233 department moves out , developing its 307 00:12:35,233 --> 00:12:37,456 National Defense Science and Technology 308 00:12:37,456 --> 00:12:40,140 strategy . Um , so many of you have 309 00:12:40,140 --> 00:12:41,918 seen us build strategies in the 310 00:12:41,918 --> 00:12:43,973 department driven strategies outside 311 00:12:43,973 --> 00:12:46,084 the department . And so , um , I just 312 00:12:46,090 --> 00:12:48,257 maybe take a moment to offer those two 313 00:12:48,257 --> 00:12:50,770 up , uh , to see what some of the 314 00:12:50,780 --> 00:12:53,740 feedback and thinking was . Well , I 315 00:12:53,740 --> 00:12:55,851 guess I'll kick it off given that the 316 00:12:55,851 --> 00:12:57,962 first thing is technology investing . 317 00:12:57,962 --> 00:12:59,796 Um uh one of the things that was 318 00:12:59,796 --> 00:13:01,600 already useful in the various 319 00:13:01,600 --> 00:13:03,822 discussions that we had with several of 320 00:13:03,822 --> 00:13:06,044 the senior leaders was an understanding 321 00:13:06,044 --> 00:13:08,100 that in order to get private capital 322 00:13:08,100 --> 00:13:11,150 deployed to help um part of the union 323 00:13:11,150 --> 00:13:13,206 clarity and some understanding about 324 00:13:13,206 --> 00:13:15,317 what the uh the D . O . D . Will look 325 00:13:15,317 --> 00:13:17,630 like as a customer needs to operate 326 00:13:17,640 --> 00:13:20,560 within time frames that allows the 327 00:13:20,570 --> 00:13:22,626 smaller and innovative businesses to 328 00:13:22,626 --> 00:13:26,110 engage with it . Um and that uh is kind 329 00:13:26,110 --> 00:13:28,110 of having uh the potentially the 330 00:13:28,110 --> 00:13:30,250 services and other folks as anchor 331 00:13:30,250 --> 00:13:33,270 customers can actually in fact give a 332 00:13:33,280 --> 00:13:35,460 channel to this kind of classic , you 333 00:13:35,460 --> 00:13:37,516 know , kind of american , you know , 334 00:13:37,516 --> 00:13:39,627 kind of free market and investment uh 335 00:13:39,627 --> 00:13:41,627 to possibly get private capital and 336 00:13:41,627 --> 00:13:43,840 private innovation deployed to help 337 00:13:43,840 --> 00:13:46,007 with the services and the duty mission 338 00:13:46,007 --> 00:13:48,900 and while we will help and and talk 339 00:13:48,900 --> 00:13:50,900 about that and go into more serious 340 00:13:50,900 --> 00:13:53,067 depth , I'd say one of the things that 341 00:13:53,067 --> 00:13:55,178 was good about the conversation today 342 00:13:55,178 --> 00:13:57,178 already was that , you know , these 343 00:13:57,178 --> 00:13:59,289 concepts were brought up by them . Um 344 00:13:59,289 --> 00:14:01,456 and so you know , we will be uh adding 345 00:14:01,456 --> 00:14:03,511 to that obviously is the best of our 346 00:14:03,511 --> 00:14:06,080 abilities . Yeah , I was delighted that 347 00:14:06,090 --> 00:14:07,868 trying to think through how the 348 00:14:07,868 --> 00:14:10,110 department interfaces with the world of 349 00:14:10,110 --> 00:14:12,221 private investments on the top of the 350 00:14:12,221 --> 00:14:14,490 Secretary's mind . It's been a top item 351 00:14:14,490 --> 00:14:16,490 I think now for several secretaries 352 00:14:16,490 --> 00:14:18,640 which which says this is not a , you 353 00:14:18,640 --> 00:14:20,584 know , a spark in the night that's 354 00:14:20,584 --> 00:14:22,584 gonna flare out , right ? This is a 355 00:14:22,584 --> 00:14:24,807 trend that this building has to get its 356 00:14:24,807 --> 00:14:26,973 head around . It's it's it's as simple 357 00:14:26,973 --> 00:14:29,084 as saying once incentives are aligned 358 00:14:29,084 --> 00:14:31,307 that will work together between the dot 359 00:14:31,307 --> 00:14:33,307 mil and the dot com uh parts of the 360 00:14:33,307 --> 00:14:35,473 market , but aligning those incentives 361 00:14:35,473 --> 00:14:38,300 is challenging , um especially getting 362 00:14:38,300 --> 00:14:40,133 companies to recurring revenue , 363 00:14:40,133 --> 00:14:42,240 because that gets into how this 364 00:14:42,240 --> 00:14:44,407 building does business , including how 365 00:14:44,407 --> 00:14:46,129 it budgets for things , how it 366 00:14:46,129 --> 00:14:48,129 contracts for things . So it's very 367 00:14:48,129 --> 00:14:50,296 insightful question because it's going 368 00:14:50,296 --> 00:14:52,407 to go very deep . Um but I'm a I'm an 369 00:14:52,407 --> 00:14:55,040 optimist in this respect . I I see huge 370 00:14:55,040 --> 00:14:57,262 potential for innovation in the private 371 00:14:57,262 --> 00:14:59,484 sector . Uh it's a way that we can help 372 00:14:59,484 --> 00:15:01,596 counterbalance the consolidation that 373 00:15:01,596 --> 00:15:03,596 we've had in the defense industrial 374 00:15:03,596 --> 00:15:05,929 base , not the fault of those companies , 375 00:15:05,929 --> 00:15:07,984 it's the way we've done business has 376 00:15:07,984 --> 00:15:10,151 forced that consolidation and allowing 377 00:15:10,151 --> 00:15:12,373 companies , they're a little bit of dot 378 00:15:12,373 --> 00:15:14,596 com and a little bit of dot gov be able 379 00:15:14,596 --> 00:15:16,429 to work successfully in national 380 00:15:16,429 --> 00:15:18,540 security on their path towards uh you 381 00:15:18,540 --> 00:15:20,484 know , commercial success . Global 382 00:15:20,484 --> 00:15:22,540 success can be a winning formula for 383 00:15:22,540 --> 00:15:24,762 the U . S . And one that really unlocks 384 00:15:24,762 --> 00:15:27,040 the potential of of our market economy . 385 00:15:27,040 --> 00:15:29,790 So , uh it's a great first area for us 386 00:15:29,790 --> 00:15:31,679 to look at , especially given the 387 00:15:31,679 --> 00:15:33,734 members of the board getting , given 388 00:15:33,734 --> 00:15:35,623 mike's background is a successful 389 00:15:35,623 --> 00:15:37,790 entrepreneur , so I think we'll take a 390 00:15:37,790 --> 00:15:40,220 swing at it . I just want to know , I 391 00:15:40,230 --> 00:15:42,341 would just add uh and and it needs to 392 00:15:42,341 --> 00:15:44,730 be kind of a broad look because uh some 393 00:15:44,730 --> 00:15:47,360 of these may be dual use technologies 394 00:15:47,370 --> 00:15:49,314 that can be commercial as you were 395 00:15:49,314 --> 00:15:51,580 saying as well as a military 396 00:15:51,580 --> 00:15:53,469 application , some of them may be 397 00:15:53,469 --> 00:15:56,235 strictly commercial price products that 398 00:15:56,235 --> 00:15:58,525 have military applications so that the 399 00:15:58,525 --> 00:16:00,747 government funds or government products 400 00:16:00,747 --> 00:16:02,636 can be used for other things . So 401 00:16:02,636 --> 00:16:04,692 looking at it kind of from a broader 402 00:16:04,692 --> 00:16:06,858 ecosystem I think , and , and then the 403 00:16:06,858 --> 00:16:09,725 investment to follow that will be one 404 00:16:09,725 --> 00:16:12,445 of our tasks , just having spent so 405 00:16:12,445 --> 00:16:15,435 much time on the inside with programs 406 00:16:15,445 --> 00:16:18,915 uh and money I've been 407 00:16:18,915 --> 00:16:21,780 struck being on the outside now for a 408 00:16:21,780 --> 00:16:24,790 decade , how in for a small company , a 409 00:16:24,790 --> 00:16:26,470 new company , a startup , how 410 00:16:26,470 --> 00:16:29,020 Impenetrable the building is , It's 411 00:16:29,020 --> 00:16:31,390 just been stunning to me and I think we 412 00:16:31,390 --> 00:16:33,501 need to figure out a way to just make 413 00:16:33,501 --> 00:16:36,720 it easier . Uh the the other thing is 414 00:16:36,720 --> 00:16:38,831 the building doesn't have a very good 415 00:16:38,831 --> 00:16:42,150 sense for a business cycle or business 416 00:16:42,150 --> 00:16:44,760 decisions uh and and somehow 417 00:16:44,760 --> 00:16:47,590 synchronizing that better is really 418 00:16:47,590 --> 00:16:50,330 important in order for a small business 419 00:16:50,330 --> 00:16:52,830 to actually survive from one year to 420 00:16:52,830 --> 00:16:55,650 another with a great capability . But 421 00:16:55,650 --> 00:16:57,650 if I don't have any revenues , if I 422 00:16:57,650 --> 00:16:59,872 can't hire people , I'm not going to be 423 00:16:59,872 --> 00:17:01,983 around very long . So that's a really 424 00:17:01,983 --> 00:17:04,206 significant issue . I didn't understand 425 00:17:04,206 --> 00:17:06,261 until I got in the private sector to 426 00:17:06,261 --> 00:17:08,483 pick up on Will's hopefulness . I think 427 00:17:08,483 --> 00:17:10,550 one of the things that I think right 428 00:17:10,550 --> 00:17:13,620 now we have a much clearer picture that 429 00:17:13,620 --> 00:17:15,720 there is a shared value proposition 430 00:17:16,530 --> 00:17:18,697 between the department and the private 431 00:17:18,697 --> 00:17:21,390 sector . We don't totally know how to 432 00:17:21,390 --> 00:17:23,590 prosecute it yet , but I don't think 433 00:17:23,590 --> 00:17:26,100 it's ever been clearer that the fates 434 00:17:26,100 --> 00:17:28,156 are tied together , that the private 435 00:17:28,156 --> 00:17:30,267 sector and national security decision 436 00:17:30,267 --> 00:17:32,510 makers , the department depends on the 437 00:17:32,510 --> 00:17:35,280 energy in that sector . So I think that 438 00:17:36,110 --> 00:17:38,166 applying the shared value is I think 439 00:17:38,166 --> 00:17:40,332 something that we ought to explore but 440 00:17:41,420 --> 00:17:45,130 gilded anything on her . It 441 00:17:45,130 --> 00:17:47,940 stands out to me that um , as we're 442 00:17:47,950 --> 00:17:50,310 sharing , there's quite an explosion of 443 00:17:50,320 --> 00:17:52,880 data and information um , and 444 00:17:52,880 --> 00:17:56,170 technology and between the sectors , if 445 00:17:56,170 --> 00:17:59,210 we could learn how to both protect and 446 00:17:59,210 --> 00:18:01,630 share the data and information , it 447 00:18:01,630 --> 00:18:04,600 will help drive the innovation . Let me 448 00:18:04,600 --> 00:18:07,550 just add one thing , I think we we 449 00:18:07,550 --> 00:18:09,606 mentioned it in the meeting with the 450 00:18:09,606 --> 00:18:12,440 Secretary of Defense . But the 451 00:18:12,440 --> 00:18:16,370 Ukrainian success at standing off 452 00:18:16,370 --> 00:18:19,730 the Russians is built on american 453 00:18:19,730 --> 00:18:22,660 technology and the 454 00:18:22,670 --> 00:18:26,630 capabilities of weapons that were built 455 00:18:26,640 --> 00:18:29,910 probably from requests in this building 456 00:18:29,910 --> 00:18:32,860 and designs that they helped to further 457 00:18:33,270 --> 00:18:36,930 has just shown to be so much superior 458 00:18:36,930 --> 00:18:40,400 to anything the Russians had uh , it 459 00:18:40,410 --> 00:18:42,410 should give us all great comfort to 460 00:18:42,410 --> 00:18:45,980 know that we can always do better . But 461 00:18:45,990 --> 00:18:48,323 uh , we get and we spend a lot of money , 462 00:18:48,323 --> 00:18:52,170 but that money has produced 463 00:18:52,170 --> 00:18:54,114 something that really defends this 464 00:18:54,114 --> 00:18:56,780 country and is defending the people of 465 00:18:56,780 --> 00:18:59,430 the Ukraine who were mercilessly being 466 00:18:59,430 --> 00:19:03,070 slaughtered . So um all is 467 00:19:03,070 --> 00:19:06,200 not bad . It's that can we make it 468 00:19:06,200 --> 00:19:08,367 better and more efficient ? And that's 469 00:19:08,367 --> 00:19:10,533 what we have a commitment to do and we 470 00:19:10,533 --> 00:19:12,790 will and we always need the public's 471 00:19:12,790 --> 00:19:15,012 help . So if you have any suggestions , 472 00:19:15,012 --> 00:19:17,050 send them along . Thank you . 473 00:19:18,420 --> 00:19:20,460 Absolutely . Members . Any other 474 00:19:20,470 --> 00:19:22,470 comments or thoughts on some of the 475 00:19:22,470 --> 00:19:25,430 themes and topics today ? The S and T 476 00:19:25,440 --> 00:19:28,030 topic from Secretary Allison dovetails 477 00:19:28,030 --> 00:19:30,308 with what mike just mentioned . I mean , 478 00:19:30,308 --> 00:19:33,570 it's it is the foresight of those in 479 00:19:33,570 --> 00:19:36,700 the past about how today's wars uh 480 00:19:36,710 --> 00:19:38,766 would have happened . You know , the 481 00:19:38,766 --> 00:19:41,610 first network enabled warfare that 482 00:19:41,610 --> 00:19:43,860 we're watching in the Ukraine . We're 483 00:19:43,860 --> 00:19:46,760 seeing a huge contribution from 484 00:19:46,770 --> 00:19:48,603 commercial capabilities that are 485 00:19:48,603 --> 00:19:51,540 providing agility and redundancy . That 486 00:19:51,540 --> 00:19:53,490 would not be possible if they were 487 00:19:53,500 --> 00:19:55,556 government only solutions . This has 488 00:19:55,556 --> 00:19:57,680 been , it's been thought about , it's 489 00:19:57,680 --> 00:19:59,847 been talked about , it's been invested 490 00:19:59,847 --> 00:20:02,150 in and now it's happening . And looking 491 00:20:02,150 --> 00:20:03,928 at the S and T strategy for the 492 00:20:03,928 --> 00:20:06,150 department is simply bringing that same 493 00:20:06,150 --> 00:20:08,550 vision to what is tomorrow's we're 494 00:20:08,550 --> 00:20:10,772 going to look like . What do we need to 495 00:20:10,772 --> 00:20:13,010 anticipate now and back to the first 496 00:20:13,010 --> 00:20:15,066 topic , Not everything needs to be a 497 00:20:15,066 --> 00:20:17,310 huge priority because the private 498 00:20:17,310 --> 00:20:19,143 sector is going to move a lot of 499 00:20:19,143 --> 00:20:21,088 technology along and shame on this 500 00:20:21,088 --> 00:20:23,143 building if it doesn't leverage it , 501 00:20:23,143 --> 00:20:25,254 but it's not going to move everything 502 00:20:25,254 --> 00:20:27,477 along at the pace that the war fighters 503 00:20:27,477 --> 00:20:29,254 will need . So I think it'll be 504 00:20:29,254 --> 00:20:31,588 different today than it would have been , 505 00:20:31,588 --> 00:20:34,450 say 15 years ago doing this is that 506 00:20:34,450 --> 00:20:37,030 there have to be a proper dissection of 507 00:20:37,040 --> 00:20:40,370 what technology will be moved because 508 00:20:40,380 --> 00:20:42,780 of private investment , for commercial 509 00:20:42,780 --> 00:20:45,180 means that can be leveraged . This 510 00:20:45,180 --> 00:20:47,402 building needs to be a faster doctor of 511 00:20:47,402 --> 00:20:49,569 it and then what technologies will not 512 00:20:49,569 --> 00:20:52,150 be in this building needs to be the 513 00:20:52,160 --> 00:20:55,750 investor and the accelerator itself . 514 00:20:55,760 --> 00:20:57,982 And if it gets that right , it gets the 515 00:20:57,982 --> 00:21:00,149 best of both worlds building on that . 516 00:21:00,149 --> 00:21:02,093 I think one of the things that the 517 00:21:02,093 --> 00:21:04,204 secretary asked us to look at was how 518 00:21:04,204 --> 00:21:06,371 do we , how do we signal to the market 519 00:21:06,371 --> 00:21:08,427 that these are things that , that we 520 00:21:08,427 --> 00:21:08,160 believe that we're gonna need . This is 521 00:21:08,160 --> 00:21:10,780 what we see as a capability . So that 522 00:21:10,780 --> 00:21:12,780 when those technologies are built , 523 00:21:12,780 --> 00:21:14,836 we're able to do depart on on on the 524 00:21:14,836 --> 00:21:16,970 inside to actually get them to scale 525 00:21:16,980 --> 00:21:18,940 right that the scale piece is also 526 00:21:18,940 --> 00:21:21,107 important . And then unlike the talent 527 00:21:21,107 --> 00:21:23,162 side , when we think about workforce 528 00:21:23,162 --> 00:21:25,384 and think about preparing a war fighter 529 00:21:25,384 --> 00:21:25,340 for the future , whether it's 530 00:21:25,340 --> 00:21:28,330 cybersecurity workforce or advanced 531 00:21:28,330 --> 00:21:30,274 analytics workforce , how do those 532 00:21:30,274 --> 00:21:32,700 things apply um , to the work Fighter 533 00:21:32,700 --> 00:21:34,922 of the future to the war Fighter of the 534 00:21:34,922 --> 00:21:36,978 future so that we can build a more a 535 00:21:36,978 --> 00:21:39,200 more resilient , more capable for us is 536 00:21:39,200 --> 00:21:41,422 something that we'll have to definitely 537 00:21:41,422 --> 00:21:43,589 look at . And one of the things on the 538 00:21:43,589 --> 00:21:45,860 science and technology side is um , 539 00:21:45,870 --> 00:21:47,981 while it's obviously critical for war 540 00:21:47,981 --> 00:21:50,860 fire , critical for the defense mission , 541 00:21:50,860 --> 00:21:53,520 it's also useful to the entire country . 542 00:21:53,530 --> 00:21:55,870 I mean the internet where I built my 543 00:21:55,870 --> 00:21:57,981 own personal career started darkening 544 00:21:57,981 --> 00:22:00,410 right And those , this looking forward 545 00:22:00,410 --> 00:22:02,632 about one of the science and technology 546 00:22:02,632 --> 00:22:04,854 of the future is something that matters 547 00:22:04,854 --> 00:22:07,050 to all of us . Um So it's it's a , I 548 00:22:07,050 --> 00:22:09,030 think it's a great thing that that 549 00:22:09,040 --> 00:22:11,080 continues to be a forward looking 550 00:22:11,080 --> 00:22:14,490 mission . And it's as we think about 551 00:22:14,490 --> 00:22:17,200 science and technologies . We tend when 552 00:22:17,200 --> 00:22:19,422 it comes to defense we tend to think of 553 00:22:19,422 --> 00:22:22,330 tanks and planes and ships , but if you 554 00:22:22,330 --> 00:22:24,570 look at what's happening in the world 555 00:22:24,570 --> 00:22:26,570 today , there are a number of other 556 00:22:26,570 --> 00:22:29,850 technologies that get involved cyber 557 00:22:29,860 --> 00:22:33,170 misinformation , biological 558 00:22:33,170 --> 00:22:35,114 research , some of which is pretty 559 00:22:35,114 --> 00:22:38,300 scary . And and so the That S&T . Plan 560 00:22:38,300 --> 00:22:40,570 of today back to will's point is gonna 561 00:22:40,570 --> 00:22:42,737 have to be a lot broader than it would 562 00:22:42,737 --> 00:22:45,180 have been 15 years ago just because of 563 00:22:45,190 --> 00:22:47,301 what we're seeing happen in Ukraine , 564 00:22:47,301 --> 00:22:49,412 what we're seeing happen elsewhere in 565 00:22:49,412 --> 00:22:51,468 the world . Mac I was thinking while 566 00:22:51,468 --> 00:22:53,357 you were talking , we started out 567 00:22:53,357 --> 00:22:56,240 fighting each other with spears face to 568 00:22:56,240 --> 00:22:58,750 face and then we went to guns so we 569 00:22:58,750 --> 00:23:01,460 could be a little bit further apart and 570 00:23:01,460 --> 00:23:03,571 then we went to horseback so we could 571 00:23:03,571 --> 00:23:05,630 be mobile and then we automated the 572 00:23:05,630 --> 00:23:09,040 horse and what was called a tank and 573 00:23:09,050 --> 00:23:12,810 uh that continued and even still face 574 00:23:12,810 --> 00:23:15,690 to face in Vietnam And now we've turned 575 00:23:15,690 --> 00:23:18,100 to missile technology where people can , 576 00:23:18,110 --> 00:23:21,060 soldiers can be 40 miles away and hit 577 00:23:21,060 --> 00:23:23,850 each other with phenomenal reliability , 578 00:23:24,140 --> 00:23:27,100 accuracy . And so warfare keeps 579 00:23:27,100 --> 00:23:29,156 changing . And the other things that 580 00:23:29,156 --> 00:23:31,044 you've mentioned , biological and 581 00:23:31,044 --> 00:23:34,280 economic sanctions , clearly that's a 582 00:23:34,280 --> 00:23:36,336 big thing I would argue in the world 583 00:23:36,336 --> 00:23:38,502 today , some countries might be really 584 00:23:38,502 --> 00:23:40,502 reticent to take on America because 585 00:23:40,502 --> 00:23:42,502 they see the damage or the force of 586 00:23:42,502 --> 00:23:44,810 economic sanctions working on Russia . 587 00:23:45,190 --> 00:23:48,790 And , and at the same time we had a 588 00:23:48,790 --> 00:23:51,910 ransomware attack that shut down fuel 589 00:23:51,910 --> 00:23:55,530 to the east coast . So , uh , not all 590 00:23:55,530 --> 00:23:57,110 of these problems are the 591 00:23:57,110 --> 00:23:59,110 responsibility of the Department of 592 00:23:59,110 --> 00:24:00,999 Defense to solve , but we have to 593 00:24:00,999 --> 00:24:02,832 understand them . And when we're 594 00:24:02,832 --> 00:24:04,999 looking at technologies that are gonna 595 00:24:04,999 --> 00:24:07,221 be important for our future , they need 596 00:24:07,221 --> 00:24:10,660 to be taken into account . It's the 597 00:24:10,660 --> 00:24:12,820 department , it's commerce , it's 598 00:24:12,820 --> 00:24:15,000 transportation , it's critical 599 00:24:15,000 --> 00:24:17,167 infrastructure . So you're right . The 600 00:24:17,167 --> 00:24:19,111 ecosystem gets big and the S and T 601 00:24:19,111 --> 00:24:21,280 focus allows us to think of it about 602 00:24:21,280 --> 00:24:24,080 that in terms of , Yeah . And we're 603 00:24:24,080 --> 00:24:26,390 benefited because people like Admiral 604 00:24:26,390 --> 00:24:28,501 mullen goes from the public sector to 605 00:24:28,501 --> 00:24:30,390 the private sector , bringing his 606 00:24:30,390 --> 00:24:32,390 skills with them and taking some of 607 00:24:32,390 --> 00:24:34,557 them back . And if you think about all 608 00:24:34,557 --> 00:24:36,612 the technology that Reid Hoffman has 609 00:24:36,612 --> 00:24:38,557 developed over the years , that is 610 00:24:38,557 --> 00:24:40,668 really what's driving everything . It 611 00:24:40,668 --> 00:24:42,723 drives your automobile , drives your 612 00:24:42,723 --> 00:24:44,890 toast to these days . And it certainly 613 00:24:44,890 --> 00:24:46,990 drives weapons and deployment of 614 00:24:46,990 --> 00:24:50,390 logistics in , in the military . The 615 00:24:50,390 --> 00:24:52,223 other thing I would say when the 616 00:24:52,223 --> 00:24:54,790 pressure's been on the budget , uh , S 617 00:24:54,790 --> 00:24:58,180 and T is one of the first ones to go to 618 00:24:58,180 --> 00:25:00,620 our demise actually , you know , a 619 00:25:00,630 --> 00:25:02,900 leader really has to hold the S and T 620 00:25:02,900 --> 00:25:05,230 budget in when the pressure is on for 621 00:25:05,240 --> 00:25:08,490 other things because we can really be 622 00:25:08,500 --> 00:25:11,370 gapped in a certain area or slowed 623 00:25:11,370 --> 00:25:13,370 dramatically in a certain area . So 624 00:25:13,370 --> 00:25:15,970 understanding where we are on that and 625 00:25:15,970 --> 00:25:18,137 then what the future capabilities need 626 00:25:18,137 --> 00:25:20,840 to be and what these technologies are 627 00:25:20,840 --> 00:25:23,007 and understanding again what we really 628 00:25:23,007 --> 00:25:25,229 need to do here versus what's happening 629 00:25:25,229 --> 00:25:27,229 in the private sector's Michael . I 630 00:25:27,229 --> 00:25:29,229 think it really hit it right on the 631 00:25:29,229 --> 00:25:31,451 nail on the head . Successful companies 632 00:25:31,451 --> 00:25:33,562 would not cut back their sNC in tough 633 00:25:33,562 --> 00:25:35,618 times . They would expand it because 634 00:25:35,618 --> 00:25:37,990 that's the ways out of it . And yet 635 00:25:38,000 --> 00:25:41,340 politics or tradition whatever in 636 00:25:41,340 --> 00:25:43,396 governments . And it's certainly not 637 00:25:43,396 --> 00:25:45,451 our government , our government is a 638 00:25:45,451 --> 00:25:47,673 lot better than most around the world . 639 00:25:47,673 --> 00:25:47,600 I don't always agree with them , but 640 00:25:47,610 --> 00:25:49,750 they certainly carried us through 641 00:25:49,760 --> 00:25:53,190 through today . And um , we've just got 642 00:25:53,190 --> 00:25:55,570 to make sure the public understands the 643 00:25:55,570 --> 00:25:59,170 ways out of it is to progress and 644 00:25:59,170 --> 00:26:01,410 develop new things and try new things 645 00:26:01,410 --> 00:26:04,390 not to hunker back and cave in on 646 00:26:04,390 --> 00:26:06,501 yourself . That's a sure prescription 647 00:26:06,501 --> 00:26:08,650 in business and in the military for 648 00:26:08,650 --> 00:26:10,820 failure and none of us want either of 649 00:26:10,820 --> 00:26:14,600 those things Colleen well members 650 00:26:14,610 --> 00:26:17,030 Mr chair , we are deeply honored that 651 00:26:17,030 --> 00:26:19,410 you have decided to work with us on the 652 00:26:19,410 --> 00:26:21,710 Defense Innovation Board here . Um , I 653 00:26:21,710 --> 00:26:23,877 think the conversations we heard today 654 00:26:23,877 --> 00:26:25,910 there is certainly no shortage of 655 00:26:25,910 --> 00:26:28,132 demands for the incredible insights and 656 00:26:28,132 --> 00:26:30,466 perspectives that you're gonna bring um , 657 00:26:30,466 --> 00:26:33,000 to the department . And um , it sounds 658 00:26:33,000 --> 00:26:35,111 like we're gonna have a bit of a busy 659 00:26:35,111 --> 00:26:37,111 winter here , uh , kind of tackling 660 00:26:37,111 --> 00:26:39,222 these first two topics and and seeing 661 00:26:39,222 --> 00:26:41,111 what else is coming down the um , 662 00:26:41,111 --> 00:26:43,333 coming down the pike . So thank you all 663 00:26:43,333 --> 00:26:45,278 so very much . We thank our public 664 00:26:45,278 --> 00:26:48,030 members for joining us and we will , as 665 00:26:48,040 --> 00:26:50,262 our chair stated , we'll see you in the 666 00:26:50,262 --> 00:26:51,340 winter . Thank you .