The Bay Area and New York are now really the two startup ecosystems with the Bay Area being quite a bit bigger in terms of both you know big late stage tech companies as well as startups. I do think policy matters and we saw some inkling of that if covid policies had continued for another year or two I think would have broken the network effect. California has is the equivalent of oil wealth right so like in Norway they set up an oil fund and they put away they put aside money for a rainy day because so much money is generated by oil.

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