A billionaire-backed firm has reportedly purchased thousands of acres of California ranch land with the intent to build a new Silicon Valley.
The mysterious firm, dubbed Flannery Associates, has so far spent an eyewatering $800 million on mostly undeveloped ranch land in California's Solano County, court documents obtained byshow.
And it hasn't done so alone, with the venture counting the likes of Laurene Powell Jobs, widow to Apple founder Steve Jobs, LinkedIn cofounder and "PayPal Mafia" alum Reid Hoffman, Sequoia Capital chair Michael Moritz, and — who else? — the ever-reliable Silicon ValleyLand records and correspondence show that Flannery Associates has been scooping up land for the city project since about 2017, and though very little is known about the plans for the city, Moritz, in a 2017 email to...
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