Peter Thiel

Sure. If it wasn't as networked, you could probably just move. And maybe these things are networked till they're not. Detroit was very networked.

The car industry was super networked on Detroit for decades and decades, and Michigan got more and more mismanaged, and people thought the network sort of protected them because the big three car companies were in Detroit, but then you had all the supply chains were also in Detroit.

The car industry was super networked on Detroit for decades and decades, and Michigan got more and more mismanaged, and people thought the network sort of protected them because the big three car companies were in Detroit, but then you had all the supply chains were also in Detroit.

The car industry was super networked on Detroit for decades and decades, and Michigan got more and more mismanaged, and people thought the network sort of protected them because the big three car companies were in Detroit, but then you had all the supply chains were also in Detroit.

And then eventually, it was just so ridiculous, people moved, started moving the factories outside of that area, and it sort of unraveled. So that's, you know, it can also happen with California. It'll just take a lot.

And then eventually, it was just so ridiculous, people moved, started moving the factories outside of that area, and it sort of unraveled. So that's, you know, it can also happen with California. It'll just take a lot.

And then eventually, it was just so ridiculous, people moved, started moving the factories outside of that area, and it sort of unraveled. So that's, you know, it can also happen with California. It'll just take a lot.

Well, it's, look, I think you can, there's always all these paradoxical histories. You know, the internet... The point of the internet, in some sense, was to eliminate the tyranny of place. And that was sort of the idea. And then one of the paradoxes about the history of the internet was that the internet companies were all centered in California. There have been different waves of...

Well, it's, look, I think you can, there's always all these paradoxical histories. You know, the internet... The point of the internet, in some sense, was to eliminate the tyranny of place. And that was sort of the idea. And then one of the paradoxes about the history of the internet was that the internet companies were all centered in California. There have been different waves of...

Well, it's, look, I think you can, there's always all these paradoxical histories. You know, the internet... The point of the internet, in some sense, was to eliminate the tyranny of place. And that was sort of the idea. And then one of the paradoxes about the history of the internet was that the internet companies were all centered in California. There have been different waves of...

of how networked, how non-networked they were, I think probably 2021, sort of the COVID moving away from California, the big thing in tech was crypto. And crypto had this conceit of an alternate currency, decentralized, away from the central banks. But also the crypto companies, the crypto protocols, you could do those from anywhere. You could do them outside the US. You could do them from Miami.

of how networked, how non-networked they were, I think probably 2021, sort of the COVID moving away from California, the big thing in tech was crypto. And crypto had this conceit of an alternate currency, decentralized, away from the central banks. But also the crypto companies, the crypto protocols, you could do those from anywhere. You could do them outside the US. You could do them from Miami.

of how networked, how non-networked they were, I think probably 2021, sort of the COVID moving away from California, the big thing in tech was crypto. And crypto had this conceit of an alternate currency, decentralized, away from the central banks. But also the crypto companies, the crypto protocols, you could do those from anywhere. You could do them outside the US. You could do them from Miami.

And so crypto was something where the tech could naturally move out of California. And today, probably the core tech narrative is completely flipped to AI. And then there's something about AI that's very centralized.

And so crypto was something where the tech could naturally move out of California. And today, probably the core tech narrative is completely flipped to AI. And then there's something about AI that's very centralized.

And so crypto was something where the tech could naturally move out of California. And today, probably the core tech narrative is completely flipped to AI. And then there's something about AI that's very centralized.

I had this one-liner years ago where it was, if we say that crypto is libertarian, can we also say that AI is communist or something like this where the natural structure for an AI company looks like it's a big company and then somehow the AI stuff feels like it's going to be dominated by the big tech companies in the San Francisco Bay Area. Yeah.

I had this one-liner years ago where it was, if we say that crypto is libertarian, can we also say that AI is communist or something like this where the natural structure for an AI company looks like it's a big company and then somehow the AI stuff feels like it's going to be dominated by the big tech companies in the San Francisco Bay Area. Yeah.

I had this one-liner years ago where it was, if we say that crypto is libertarian, can we also say that AI is communist or something like this where the natural structure for an AI company looks like it's a big company and then somehow the AI stuff feels like it's going to be dominated by the big tech companies in the San Francisco Bay Area. Yeah.

And so if that's the future of tech, the scale, the natural scale of the industry tells you that it's going to be extremely hard to get out of the San Francisco Bay Area.