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Tech has a new power base in DC
- Washington, DC's tech scene is thriving under the Trump administration, with local startups gaining momentum and defense tech leading the charge.
- Investors in the DMV see potential for the district to become a new tech hub, with prominent names from Silicon Valley now holding positions in the federal government.
- Top venture firms like Andreessen Horowitz and General Catalyst have recently established offices in the area, signaling a growing interest in DC's tech ecosystem.
- DC is attracting a wave of tech elites, including startup and VC backgrounds, who are showing interest in the growing startup community.
- The presence of tech heavyweights in DC is driving a real estate rush for luxury properties and potential investments in local startups.
- The district has become a significant player in the venture capital space, ranking fifth in the US despite being the 23rd-largest city.
- The Trump administration's alignment with the tech industry has catalyzed the growth of DC's tech ecosystem, particularly in defense tech.
- While the push for tech innovation in government agencies is increasing, challenges such as federal budget cuts may impact the sector's growth in DC.
- Startups in the DMV, especially in defense tech, are gaining traction, with companies like Cape and Anduril securing substantial contracts and funding.
- DC's tech community is embracing networking opportunities and aiming to shed light on the entrepreneurial activities happening in the district, fostering its own tech ecosystem.
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