At Trump's second inauguration, one of the biggest stories, if not the biggest, was the front-row presence of Big Tech CEOs like Google’s Sundar Pichai and Meta’s Mark Zuckerberg—placed even ahead of Cabinet members. As the plum seating signaled a striking shift in Silicon Valley's relationship with Washington, just 24 hours later, the administration announced Stargate, a $500 billion partnership with OpenAI, Oracle, and other tech giants to build AI infrastructure across America.

But beneath the spectacle of billionaire CEOs at state functions lies a deeper question about the "Little Tech" movement—startups and smaller companies pushing for open standards, fair competition rules, and the right to innovate without being crushed by either regulatory costs or Big Tech copycats. As China pours resources into AI and semiconductors, American tech policy faces competing pressures: Trump promises business-friendly deregulation while potentially expanding export controls and antitrust enforcement against the very tech giants courting his favor.

To explore this complex new paradigm, Evan and FAI Senior Fellow Jon Askonas are joined by Garry Tan, CEO of Y Combinator, the startup accelerator behind Airbnb, DoorDash, and other alumni. As both a successful founder and venture capitalist, Tan discusses what policies could help startups thrive without dipping into overregulation, and whether Silicon Valley's traditionally progressive culture can adapt to Trump's tech alliances. You can read more about YC’s engagement with Washington, DC here.