$14 Trillion vs $100 Billion.

That's Silicon Valley vs Boston. In 2004, they were EQUALS.

What happened?

Boston killed itself with:

❌ 6.25% software tax (most states: 0%)

❌ 4% millionaire tax on top of everything

❌ Refused federal startup tax breaks

The result?

• Zuckerberg left

• Stripe left

• Dropbox left

• Y Combinator left