Episode Ep 59 May 16, 2025 55 min 18s

How Altimeter Is Investing $100M+ Checks | Anduril, SpaceX, K2 Space

From Sourcery Sourcery with Molly O'Shea

Erik Kriessmann, Partner at Altimeter, joins Molly O'Shea to share his journey from leading human capital at Khosla & Index to writing $100+ million checks into Aerospace & Defense at Altimeter's $10 Billion AUM Fund. We go deep into his investment strategies, and his thoughts on key industry trends.

Learn about his work with prominent companies like SpaceX, Anduril, and K2 Space, as well as the unique approach Altimeter takes in supporting founders and investing in transformative technologies.

Erik also discusses the evolving exit environment, the impact of AI, and future opportunities in aerospace, defense, and hard tech. Don't miss this comprehensive dive into the minds of one of venture capital's most under-the-radar legends.

Molly on X: https://x.com/MollySOSheaErik on X: https://x.com/ekriessmannBrought to you by:Brex—The modern finance platform, combining the world’s smartest corporate card with integrated expense management, banking, bill pay, and travel. As a Sourcery listener, you can unlock up to $500 toward Brex travel or $300 in cash back, plus exclusive perks to help you move even faster: https://brex.com/sourceryKalshi—The largest prediction market and the only legal platform in the US where people can trade directly on the outcomes of future events: https://kalshi.com/sourceryFollow Sourcery for the latest updates! https://www.sourcery.vc/

TIMESTAMPS:

00:00 Introduction

00:49 From Khosla & Index to Altimeter

06:50 Building Relationships & Trust

08:35 Sponsorship Message from Brex

09:38 Investing in Real World Technologies, Aerospace, & Defense

14:19 Deep Dive into Anduril

24:22 Spotlight on K2 Space

29:54 Building a Winning Team

31:41 Recruitment Challenges & Strategies

34:14 Altimeter's Investment Approach

40:28 Evaluating Success in Investments