interview With Meagan Crawford
Well. Megan welcome to manage and cut off. This has been a year overdue at this point. An entire pandemic overdue. Maybe i'm happy that you're here talking to us. I'm really thrilled to be here. Thank you for having me anything so to start. I want everyone to meet you. Because you're awesome So you are a member of space fund. You also have this podcast mission eve. That is fantastic. Can you tell everyone a little bit about you sure. Yeah co founder and managing partner of space fund Where venture capital firm investing exclusively in the new space ecosystem so very kind of targeted fund And then i also have my podcast mission eve which I interview the most amazing women in the space industry. It's just been a thrill and just so much fun to do. And in the hopes of inspiring more women to join us here in the space industry So that's that's a project that's near and dear to my heart I'm also on. The board of several nonprofits needs to do a quick shout out the space frontier foundation. The center for space commerce finance mars initiative and the earth light foundation Spend an inordinate amount of my time helping those at nonprofits. So i think that's probably about it so we're gonna talk about a bunch of different angles on the finance side of stuff which i occasionally touch on but probably not as deeply as i should in many cases there's some fundraising that has happened. In the past year that has been particularly notable for the size specifically spacex relativity. Been getting gargantuan amounts of money there's some acquisitions that have happened recently. And then There's a whole trend of holding companies. That i find quite interesting as well as a trend that i find interesting and more shady. Which is this whole special purpose acquisition friend. Those are the things. I want to pick your brain about. Is there an order. would you like to start with fundraising and then get into what happens after. You've gotten a bunch of funding and actually accomplish things. What's the right order there. Yeah well I think i'd like to start with this kind of startling statistic that that i i like to I like to bring up a lot. Is that One and it's it's one of the reasons that spaceman was founded. Actually is you know. Currently launched comprises less than two percents of the global space economy yet has received seven percent of the venture capital. Today right sounds crazy but it. It makes such intuitive sense to like you know somebody watches the markets but exactly crazy. Yeah that's crazy. Yeah i like it when you hear that you're like oh yeah that seems right but holy crap. That's crazy just hear those numbers right and now the one question i would have is. Does that. include any space x funding as launch. Yes that includes spacex funding and includes the you know that big relativity rounded includes all of that. So i guess that's my that would be. My stipulation is like how. How do you separate out. What of that is going to starlink. zach satellites. Then does that skew it or is it not big enough to actually skew. Anything no matter how you classify either couple billion. Yeah so you know the regardless. It's it's a huge number even if he were to try and take starlink out of the kind of the space x portion of that. They're going to be forty percent of the venture right number exactly exactly and so you know when When my partner. Rick tomlinson and i were contemplating a founding space fund. You know this was one of the things that was really bothering us. We were kind of looking around the industry at all of our our friends and colleagues. Who are these brilliant entrepreneurs going and down sandhill road and couldn't get any funding and meanwhile while all these other. Vc's are just pouring good money. After bad into launch company after launch company because all ilan has launched company and basil's has launched company and jared. Leto is invested in in relativity space so i need a launch company. Right and base fund is currently tracking a hundred and sixty two active launch companies around the world.