$8.7B into European defense startups last year. Up 55%. Still climbing.

If you're thinking about building in this space, here's what nobody's saying (watching this unfold in Estonia this week):

$CRYPTO builds in weeks. Half dead in a year.
$AI builds in months.
Miltech builds in YEARS. But it runs for 10-20.

The capital moves fast. The industry doesn't.

My take: The winners won't be the fastest movers. They'll be whoever survives the grind long enough to actually matter.

#EDW2026