It's not hard to read his point. For startups, the bay area is nearly almost the first market to launch in. Uber, Lyft, Airbnb, numerous food delivery services,

It's not hard to read his point. For startups, the bay area is nearly almost the first market to launch in. Uber, Lyft, Airbnb, numerous food delivery services, or anything aimed at the SMB market, all of this goes in production in bay area first and this place is closer to the ultimate digital utopia than anywhere else in the country. His point is that it doesn't make "the world a better place", presumably because all value is captured by the capital owners [his comparison to industrial revolution]