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Editor’s Note: Yesterday, Luke Lango explained why he believes the next phase of the AI boom could reward a different kind of company. Today, he asks a bigger question: What if Silicon Valley’s biggest fortunes have all followed the same playbook for decades – and AI is no different?
In the essay below, Luke explains why he believes that’s exactly what’s happening. Tracing nearly 70 years of Silicon Valley history, he argues the biggest fortunes are often made when large technology companies embrace innovations first developed by smaller, lesser-known businesses.
As the AI race intensifies, he believes that pattern is becoming even more important now.
To learn how Luke is applying this playbook to today’s AI boom, reserve your spot here for The 2026 AI Megadeal Event on Thursday, July 30, at 1 p.m. Eastern. When you register, you can also join Luke’s VIP text list and receive his bonus report, The AI Collectors’ Portfolio: 7 Stocks to Buy for the Biggest Tech Spending Boom of All Time.
