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War Bros Didn’t Always Rule Silicon Valley

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Why the Postpandemic Tech Bust Sent Billionaires to Trump.

In September 2015, the Founders Fund hosted a retreat at an eco-resort in British Columbia.

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One morning at breakfast the reporter was sitting across from Kay at a long table. The man who conceived the Dynabook —the modern computer that they all use—was expounding on his exploits when Founders Fund leader Peter Thiel plopped down next to him. The mustachioed legend was stunned. He began stumbling out his bona fides, but quickly realized that for someone unacquainted with his résumé, it would have sounded ridiculously overblown. The reporter thought back to that moment a couple of weeks ago while reading an op-ed in The New York Times headlined “ Silicon Valley Was Right From the Start,” by Sharon Weinberger. “Silicon Valley’s values haven’t changed, its customers,” she wrote, calling the industry’s current love affair with military tech “less a story of political conversion than of market adaptation.

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