That’s why when “tech” wanders out of software/electronics/semiconductors, it is as likely to go “low” tech (grilled cheese, juice, clickbait media) as it is to go into a new “high” tech (biology, crypto). It’s the financial ~10y return structure not the technology applied.
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Thiel has said something about everyone thinking of this as a technological age, while we may look back to see it as a financial one.
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