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The Billionaire Tech Cult That Just Collapsed

October 14, 2026 · 28 min

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Some of Silicon Valley’s wealthiest tech elites have a radical new dream, to abandon modern democracy completely and build their own sovereign nations. At the heart of this movement is a millionaire VC named Balaji Srinivasan and his vision for what he calls the "Network State".

In this episode of Power User, I speak with freelance journalist Sam Venis about his firsthand reporting at Balaji's Network School. We expose what really happened inside Balaji’s experimental new government set up inside Forest City, a massive, abandoned ghost city in Malaysia. From aggressive NDAs and toxic black mold to clashes with local governments and authoritarian power trips, Sam breaks down his firsthand investigation into tech’s most bizarre and dangerous exit strategy.


All episodes of Taylor Lorenz’s Power User

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