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E130: DeSantis's Twitter Spaces, debt ceiling, Nvidia rips, state of VC, startup failure & more
All-In with Chamath, Jason, Sacks & Friedberg
The Future of Tech Companies: Importance of Software and Services
Major tech companies will have their own chips, including Facebook, Amazon, Google, and Apple./nThe memory industry will also be involved in this space./nProfits will be smeared and multiples will compress./nThe value grows to device companies in mobile internet./nThe real value is accrued 5-7 years later when software and services companies create a huge moat.
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