Balaji Srinivasan, VC pushing dystopian vision of SF, gets a crowd but produces a dud

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He said Bitcoin might cause a new U.S. civil war: Some states would attempt Bitcoin seizures, and others would become Bitcoin sanctuaries.

In a 20-minute “movie” that featured Balaji Srinivasan sitting at a beige table in front of a mic, the VC went back and forth between what the world was like “back then” and what it is like now. Photo by Yujie Zhou, June 29, 2024.

It was just as well that his audience ended up being closer to 300 people — only a third of the expected attendance.“I follow him on Twitter. I know what he has to say,” said Rob Leclerc, a venture capitalist at San Francisco-based AgFunder. “I think there’s several fundamental flaws in his assumptions which make it fall apart.”

Over a dozen men and one woman lined up to ask Balaji Srinivasan more about his talk. Photo by Yujie Zhou, June 29, 2024. Hundreds of attendees packed a warehouse-turned-events-space in West Oakland, with a bedazzled stilt walker greeting the long line that formed around a sign reading “The future is here.” Inside, guests were treated to white-washed brick walls, pink-and-purple neon lights, and fog machines — the atmosphere was more akin to a rave than a tech talk, as was the case at other events for the technology week.

The crowd at an afterparty following the Balaji Srinivasan event. Photo by Yujie Zhou, June 29, 2024.

 

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