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Kia Kokalitcheva Apr 30, 2017
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Silicon Valley fixated on sci fi

Lazaro Gamio / Axios

Back in 2011, investor Peter Thiel's VC firm, Founders Fund, published on its website: "We wanted flying cars, instead we got 140 characters."

We may have gotten 140 characters first thanks to Twitter, but flying cars are certainly still in Silicon Valley's plans.

Why it matters: Silicon Valley is often criticized for pouring capital into startups building luxury products for the 1% or yet another photo-sharing app, but it's also going after much more ambitious goals. Often, these ambitions seem straight out of a science fiction novel, and yet some of the biggest tech companies are heavily pursuing those projects.