Michelle's 2025 Letter - Michelle Fang

A few days late, which is on time for me. This letter was inspired after reading others’ 2025 essays, including Zhengdong and Dan Wang’s. Last year highlighted a messy love triangle between China, Silicon Valley, and Washington. The DC-China pair seems to be heading for divorce. The Bay is deeply entangled with both sides for practical needs, such as rare earths and regulatory approval. All three would like to be single yet are undeniably co-dependent. San Francisco is ironically mimetic. When Washington is singing its hawkish tune, small trips of five to ten founders and investors are quietly going back to China to assess their competition and take one last look. Xi has professed his internal reunification timeline for 2027—no one knows when the invasion will happen but let’s see what China is like before it’s too late. After hearing many robotics software pitches, I organized a robotics supply chain trip to Shenzhen, Shanghai, Hangzhou, Ningbo, and Suzhou to tour factories and ask qu

A few days late, which is on time for me. This letter was inspired after reading others’ 2025 essays, including Zhengdong and Dan Wang’s. Last year highlighted a messy love triangle between China, Silicon Valley, and Washington. The DC-China pair seems to be heading for divorce. The Bay is deeply entangled with both sides for practical needs, such as rare earths and regulatory approval. All three would like to be single yet are undeniably co-dependent. San Francisco is ironically mimetic. When Washington is singing its hawkish tune, small trips of five to ten founders and investors are quietly