Steel ships, railroads, and data centers: A VC takes the Industrial Revolution analogy seriously

“The Dutch, the Spanish, the Portuguese—they sailed around the world with beautiful large ships, but they were wooden wind ships,” said Tung, Notable Capital managing partner and early backer of companies like Airbnb , Coinbase, and Anthropic. “The British were the first to scale ships with the steam engine. Adopting steel technology and applying it to the steam engine—that made the British Navy stronger than the rest of the world combined.

Source: Fortune Crypto