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“It is a sign that the market is incredibly competitive for venture capital firms to win deals,” said Jason Shuman, a general partner at Primary Ventures. “If the headline number is huge, it’s also an incredible strategy to scare away other VCs from backing the number two and number three players.”
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But coordination remains a huge challenge. Weapons procurement is a glaring example. While the United States employs around 30 different weapon systems, Europe has an often duplicated 178. "Inefficient, expensive and slow," was the damning conclusion last week of the President of the European Parliament, Roberta Metsola.