“Two financiers are in the running to be the deputy secretary of defense, a competition that pits a publicity-averse private-equity investor against an outspoken venture capitalist,” the Wall Street Journal reports.
“Trae Stephens, a partner at Peter Thiel’s Founders Fund venture-capital firm, is under consideration by President-elect Donald Trump to become the deputy secretary of defense. Billionaire investor Stephen Feinberg, who led the president’s intelligence advisory board in the first Trump administration, is also in the running.”
“The selection of either investor could come as welcome news for the hundreds of new defense startups that have entered the military market in recent years.”
