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Open original source ↗The disruption that’s not priced in is the disruption of Silicon Valley itself.
Because California is the physical platform on which it’s built. And that platform is collapsing.
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These are the quoted author’s words.
I say this with no joy as a California resident: Many who’ve made this state great are quietly discussing leaving or have decided to leave in the next 12 months. More generally, one of the fascinating developments of this decade is people voting their views not with the ballot box, but with relocating themselves. Both in the US and internationally. It feels to me people don’t yet fully appreciate the impact of the silent departures around the world.
HHorsley ↗