Thiel Capital’s Jack Selby nabs stakes in hot startups like Etched through Arizona connections

Copper Sky Capital founder Jack Selby invested early in Nvidia rival Etched by offering help with a potential shift of chip fabrication to Arizona. Etched, now valued at $5 billion, faces the same TSMC capacity constraints as other chip designers as it prepares to ship its first systems.

The deal shows how regional investors can gain access to competitive startups by offering strategic advantages beyond capital. Arizona’s growing chip ecosystem could become a stronger bargaining chip for VCs as reshoring and supply-chain resilience become priorities for hardware companies.