Katherine Boyle

And so, you know, I think the kind of point of the vice president's speech was more about, like, we have to bring this design for manufacturing view back, where it's like you design where you manufacture.

And that is Elon's view, but it's really the view of, I think, a lot in defense tech today.

On the manufacturing side, when we talk about what keeps me up at night, it is really, really hard to build factories that compete with the manufacturing production capabilities of China.

Again, this started 10, 15 years ago with Apple, but there's many good examples of companies that were invested in by American venture capital firms in China that are way ahead in terms of production.

I always say the biggest scandal, Apple is a good example of us taking our knowledge and our know-how into China and teaching them something that was an American secret in many cases.

But the biggest scandal of Silicon Valley is that Silicon Valley did that too.

In 2008, 2009, venture capital firms that

are very large and very successful, went into China, and they taught them how to do early stage investing.

The simple overview I gave of how venture capital works, they went in there and they trained people, and they trained them as though they were training their own associates in Silicon Valley, and they told them how you build these companies.

I always say that the venture capital ecosystem, it is American dynamism.

It is the thing that allows America to be dominant in the global economy.

It's how we build tech companies.

We just went over there as venture capitalists.

I shouldn't say we because it wasn't my firm, it wasn't me, but VCs went over there and

shared information, shared limited partners, shared all of the aspects and the functions of how you build an incredible legacy-defining venture firm.

And over 20 years, Silicon Valley or China has a true ecosystem of tech companies now.

And they all work with the CCP.

They figured out how to build in the confines of how China expects them to build.

But this is scandalous.

Apple in China is scandalous that we invested that much money into another country's manufacturing regime and not into our own.