[{"command":"settings","settings":{"basePath":"\/","pathPrefix":"","ajaxPageState":{"theme":"bvp_2015","theme_token":"22ISk35a-vrX07SdGts7vqcysFV4_EV3A6koLZRvNX4"}},"merge":true},{"command":"modal_display","title":"Space Tech","output":"\n\u003Cdiv class=\u0022field field-name-body field-type-text-with-summary field-label-hidden\u0022\u003E\n\n \n \u003Cdiv class=\u0022field-items\u0022\u003E\n\n \n \u003Cdiv class=\u0022field-item even\u0022 property=\u0022content:encoded\u0022\u003E\u003Cp\u003E\u00a0\u003C\/p\u003E\n\u003Cp\u003EThe commercialization of space began in 1965 with the deployment of the first private communications satellite IntelSat1, only 4 years after US FCC Commissioner Craven saw \u201cno chance communications space satellites will be used to provide better telephone, telegraph, television, or radio service inside the United States.\u201d Today, over 1,000 satellites operate in space, thanks to government-funded programs.\u003C\/p\u003E\n\u003Cdiv style=\u0022float:right\u0022\u003E\n\u003Cdiv style=\u0022text-align:center\u0022\u003E\u003Ca href=\u0022http:\/\/www.bvp.com\/blog\/dinosaurs-space\u0022 target=\u0022_blank\u0022\u003E\u003Cimg alt=\u0022\u0022 src=\u0022\/sites\/default\/files\/legacy_files\/dinasaurs_in_space.png\u0022 style=\u0022width:200px; height:254px\u0022 \/\u003E\u003C\/a\u003E\u003C\/div\u003E\n\u003Cdiv style=\u0022text-align:center\u0022\u003E\u003Ca href=\u0022http:\/\/www.bvp.com\/blog\/dinosaurs-space\u0022 target=\u0022_blank\u0022\u003EBVP Blog: Dinosaurs in Space\u003C\/a\u003E\u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cp\u003EWhile the Apollo Lunar Mission showed government research at its very best, aerospace technology since then has in many ways stagnated.\u00a0 Computing systems in orbit today resemble 60\u2019s era mainframes, and for the four decades following 1963, there was no reduction in launch costs. Space-based imagery, communications, and travel are still largely inaccessible to the public. According to prominent aerospace engineer Burt Rutan, \u201cSpace travel is the only technology that is more dangerous and more expensive now than it was in its first year.\u201d\u003C\/p\u003E\n\u003Cp\u003EBut all that\u2019s changing today, with the entry of aerospace startups. Venture-backed companies like SpaceX, Skybox and O3B disrupt the aerospace industry with faster, cheaper, better products. Unencumbered by government bureaucracy, this new breed of enterprise can move quickly, attract the best talent with equity ownership, and take calculated design risks that government contractors cannot afford to.\u003C\/p\u003E\n\u003Cp\u003EThis new renaissance in Spacetech coincides with multiple macro trends: (i) the internet economy has filled the coffers of venture firms (like BVP) and even entrepreneurs like Jeff Bezos, Richard Branson and Elon Musk, who now have the resources to tackle capital-intensive programs; (ii) the financial crisis of 2008 compelled many governments to divest internal space programs in favor of private sector suppliers; and (iii) after years of falling behind the curve on Moore\u2019s Law, there is a huge dividend to harvest in computing performance, cost and miniaturization.\u003C\/p\u003E\n\u003Cp\u003ESpacetech ventures take advantage of modern tools like open source software, off the shelf electronics, rapid iteration cycles with continuous integration, and 3D printing. They prioritize scalability and time to launch, thinking in terms of networks rather than hosts. The early bounties will be in Low Earth Orbit, where ubiquitous constellations of cubesats with sensors and mesh networks enhance our communications, agriculture, media, security, weather forecasting, global logistics, and geological sciences. Longer-term bounties will derive from space-based mining, and manned travel to moons and planets.\u003C\/p\u003E\n\u003Cp\u003E\u201cDuring the next 50 years, in countless cycles, in countless entrepreneurial companies, this \u2018let\u0027s just go and do it\u2019 mentality will help us finally get off the planet and irreversibly open the space frontier,\u201d said Dr. Peter H. Diamandis, chairman of the X-Prize Foundation. \u201cThe capital and tools are finally being placed into the hands of those willing to risk, willing to fail, willing to follow the dreams.\u0022\u003C\/p\u003E\n\u003Ch3\u003EBVP\u2019s Spacetech Practice\u003C\/h3\u003E\n\u003Cdiv style=\u0022float:right\u0022\u003E\n\u003Cdiv style=\u0022text-align:center\u0022\u003E\u003Ca href=\u0022https:\/\/www.youtube.com\/watch?v=OPNJk83NAko\u0022 target=\u0022_blank\u0022\u003E\u003Cimg src=\u0022\/sites\/default\/files\/legacy_files\/skybox_culture.png\u0022 style=\u0022width:200px; height:114px\u0022 \/\u003E\u003C\/a\u003E\u003C\/div\u003E\n\u003Cdiv style=\u0022text-align:center\u0022\u003E\u003Ca href=\u0022https:\/\/www.youtube.com\/watch?v=OPNJk83NAko\u0022 target=\u0022_blank\u0022\u003ECEO Tom Ingersoll on the Skybox culture\u003C\/a\u003E\u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cp\u003EBVP is among the earliest VC movers in Spacetech, having led the 2010 venture round in Skybox. Skybox pioneered the use of small, cheap satellites to drive imaging costs down by 50X, deploying a constellation that promises an unprecedented revisit rate for sub-meter resolution imagery. Even at the dramatically lower cost, SkySat-1 was the first imager in the market to deliver HD video. In 2014, Google acquired Skybox for $500 million.\u003C\/p\u003E\n\u003Cp\u003ESurprisingly, the biggest challenge at Skybox was not technological at all \u2013 it was our dependence on launch providers who cater to large payloads and who suffer the delays of their bureaucratic government patrons. We realized that for the new commercial space ecosystem to thrive, the industry needs affordable, reliable, private launch options that can deliver smaller satellites to Low Earth Orbit when and where they need to go.\u003C\/p\u003E\n\u003Cdiv style=\u0022float:right\u0022\u003E\n\u003Cdiv style=\u0022text-align:center\u0022\u003E\u003Ca href=\u0022https:\/\/vimeo.com\/101964464\u0022 target=\u0022_blank\u0022\u003E\u003Cimg alt=\u0022\u0022 src=\u0022\/sites\/default\/files\/legacy_files\/rocket_lab_the_electron_200.png\u0022 style=\u0022width:200px; height:113px\u0022 \/\u003E\u003C\/a\u003E\u003C\/div\u003E\n\u003Cdiv style=\u0022text-align:center\u0022\u003E\u003Ca href=\u0022https:\/\/vimeo.com\/101964464\u0022 target=\u0022_blank\u0022\u003ERocket Lab: The Electron\u003C\/a\u003E\u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cp\u003ERecently, BVP led a venture round in Rocket Lab, a world-class team of aerospace engineers and designers developing the Electron Orbital Vehicle. The Electron is the Model T of space \u2013 an affordable vehicle that can be manufactured at scale, launching with unprecedented frequency and reliability. From their facility in New Zealand, Rocket Lab will democratize access to Low Earth Orbit.\u003C\/p\u003E\n\u003Cp\u003EBVP seeks to partner with startups that are inventing new sensors, communications, data processing, rockets, propulsion, avionics, and other critical technologies. With a global presence and long-term investment outlook, we intend to play a major role in the development of the space economy. Our team brings both investment and operating expertise in spacetech to our portfolio companies.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EScott Smith\u003C\/strong\u003E\u003Cbr \/\u003E\u003Cimg alt=\u0022\u0022 src=\u0022\/sites\/default\/files\/legacy_files\/scott_smith.png\u0022 style=\u0022width:75px; height:75px\u0022 \/\u003E\u003Cbr \/\u003EOperating Partner, BVP\u003Cbr \/\u003ECOO and Board Member, Iridium\u003Cbr \/\u003EEx-COO, Digital Globe\u003Cbr \/\u003EFounder, Space Imaging\u003Cbr \/\u003EMS Aeronautical Eng., Stanford University\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EDavid Cowan\u003C\/strong\u003E\u003Cbr \/\u003E\u003Cimg alt=\u0022\u0022 src=\u0022\/sites\/default\/files\/legacy_files\/david_cowan_small_0.jpg\u0022 style=\u0022width:75px; height:75px\u0022 \/\u003E\u003Cbr \/\u003EPartner, BVP\u003Cbr \/\u003EEx-Board Member, Skybox\u003Cbr \/\u003EBoard Member, Rocket Lab\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EDr. Ray Johnson\u003C\/strong\u003E\u003Cbr \/\u003E\u003Cimg alt=\u0022\u0022 src=\u0022\/sites\/default\/files\/legacy_files\/img\/ray_johnson_small.jpg\u0022 style=\u0022width:75px; height:75px\u0022 \/\u003E\u003Cbr \/\u003EExecutive-in-Residence\u003Cbr \/\u003EFormer CTO \u0026amp; SVP, Lockheed Martin\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ESunil Nagaraj\u003C\/strong\u003E\u003Cbr \/\u003E\u003Cimg alt=\u0022\u0022 src=\u0022\/sites\/default\/files\/legacy_files\/sunil_small_2013.jpg\u0022 style=\u0022width:75px; height:75px\u0022 \/\u003E\u003Cbr \/\u003EVice-President, BVP\u003Cbr \/\u003EBoard Observer, Rocket Lab\u003Cbr \/\u003EBoard Member, San Francisco Amateur Astronomers\u003C\/p\u003E\n\u003Cp style=\u0022text-align:center\u0022\u003E\u003Cem\u003EBefore another century is done it will be hard for people to imagine a time when humanity was confined to one world, and it will seem to them incredible that there was ever anybody who doubted the value of space and wanted to turn his or her back on the Universe.\u003Cbr \/\u003E\u2014Isaac Asimov, 1979\u003C\/em\u003E\u003C\/p\u003E\n\u003C\/div\u003E\n\n \n \u003C\/div\u003E\n\n\u003C\/div\u003E"}]