Remember that hot AI startup you invested in for enterprise SaaS, but the market shifted hard, and now they're pivoting to defense tech, like a mini-Anduril. Which of these are valid considerations for you as an investor? Pick all that apply (max 5).

Options

• Ethical concerns about investing in the defense sector, regardless of returns.
• Potential for significantly higher returns due to government contracts and demand.
• Your LP mandate specifically prohibits defense investments.
• Excitement for contributing to national security and technological advantage.
• The defense market's sales cycles are notoriously long, impacting liquidity timeline.
• Your inability to add value in a highly specialized defense market.
• Team's lack of domain expertise in defense and government contracting.
• Concern about talent retention/attraction for a defense-focused company.
• The company's 'impact' narrative being compromised, affecting public perception.
• The existing cap table/co-investors might not be aligned with a defense pivot.
• The sheer defensibility of government contracts once secured.
• The founder's personal passion for the mission, despite the sector shift.