Embed Notice

Why are we paying so much attention to Silicon Valley pump-and-dumps and ignoring all this incredible, potentially planet-saving, *real* innovation? Cooper cites a plausible explanation from the Apperceptive newsletter:

https://buttondown.email/apperceptive/archive/destructive-investing-and-the-siren-song-of/

Silicon Valley is the land of low-capital, low-labor growth. Software development requires fewer people than infrastructure and hard goods manufacturing, both to get started and to run as an ongoing operation.

10/