Balaji Srinivasan at Startup School 2013

Summary

The most profound aspect of the topic is the concept of "voice" and "exit" in the context of startups and various other examples.

Loyalty, patriotism, and involuntary barriers to exit can affect a person's decision to stay with a startup or join a competitor.
Examples include open-source patches and forks, customer complaints and taking business elsewhere, leaving a company to found a startup, and voting and immigration in the context of a country.
The concept of "voice" and "exit" has shaped the United States as a nation of immigrants and influenced Silicon Valley.
Exit refers to alternatives, such as competition, forking, founding, and physical immigration, that allow individuals to reduce the influence of bad policies without getting involved in politics.
Silicon Valley has reinvented various industries and is pitted against a "paper belt" of cities that used to have significant influence in the United States.
Technology reduces prices and spreads consumption, benefiting a larger population.
Silicon Valley is moving towards building an opt-in society outside of the US, run by technology.
Advancements in technology can reduce barriers to exit and allow individuals to opt out of traditional systems.
The future will see an increase in countries built on technological advancements.
Technology can empower individuals to create their own paths and challenge existing systems.
The future of technology includes Bitcoin, quantified self medicine, telepresence, robotics, drones warfare, software laws, automation, and property rights.
Building technologies that can improve society, such as tax shelters for the middle class and apps that facilitate easier travel and relocation, is encouraged.

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