@pmarca America doesn’t need 10,000 Silicon Valleys. It needs a system to mass produce 10,000 Knowledge Neighborhoods from assets we already have: colleges, malls, rail towns, hospitals, office parks. WW2 redesigned bombers for factories. We should redesign growth for capacity.
@pmarca Same with housing - we could map out the ideal - probably something like 10,000 US neighborhoods that work really well - then reverse engineer how you get them
@nanransohoff I have been doing work on how colleges can leverage their endowments and other assets - together with alumni philanthropy to help reinvent places. Place-based philanthropy may become a massive new space
@jamdac@arampell Am running bingo on $70 Trillion in US RE. Entry wedge = private credit in high potential geos with capital gaps, expansion by working with accidental real estate owners (eg universities), long term is building networks of 1,000 or more $1B Knowledge Towns - all run by AI
@pmarca I would argue that rich guys should build or rebuild neighborhoods and towns, invest in local VC (better than philanthropy since it has a shot at generating local tech growth), start new AI ready colleges or equivalents
@Curiousjorge65@bhalligan@PropellerOcean I think PGH could and should be aiming for much higher growth. It is affordable and has top unis and has a frontier place vibe - like Austin 2010. It needs to create a compelling talent attraction strategy and parallel place and tech revolutions.
@amandaorson Real estate follows productivity growth which will tend to be driven by tech company and SMEs that are both early adopters of AI - whereas large firms are so far lagging.