Summary of Balaji Srinivasan at Startup School 2013

00:00:00 - 00:15:00

The speaker discusses the importance of exit in terms of protecting democracy and minority rights, and points to the rise of Silicon Valley as a new paper belt competitor. He predicts that this competition will result in more jobs being created in Silicon Valley and more poverty in other cities, and calls for policies to be put in place to reduce the importance of decisions made in Washington D.C.

• 00:00:00 Balaji Sreenivasan discusses Silicon Valley's "ultimate exit" and how it is motivated by the USA's treatment of its key suppliers. He also discusses how voice and exit can be seen in different contexts, such as within a company, a country, or in relation to a startup.
• 00:05:00 The speaker discusses the importance of exit in terms of protecting democracy and minority rights, and goes on to explain how Silicon Valley is currently against four cities that used to run the United States in the post-war era - Boston, New York City, Madison Avenue in NYC, and Wall Street in Boston. The speaker calls this era the "paper belt", and points to the rise of Silicon Valley as the new paper belt competitor. He predicts that this competition will result in more jobs being created in Silicon Valley and more poverty in other cities, and calls for policies to be put in place to reduce the importance of decisions made in Washington D.C.
• 00:10:00 The video discusses the importance of reducing prices in order to help the poorest of the poor, and Silicon Valley's eventual exit from the United States. It also discusses the potential for technological advancements to reduce the barriers to exit, and the potential for new countries to emerge as a result.
• 00:15:00 The speaker discusses some of the possible future trends that could shape the way we live, including the increasing use of robotics, the growth of Bitcoin, and the development of smart property technology.