AI Just Killed the Geography Advantage | Tiho Bajic (Fifth Quarter Ventures)

For decades, if you wanted to build a world-class tech company, you had to move to Silicon Valley. AI just changed that. When SF deploys new AI infrastructure today, the entire world gets access within 24 hours. For the first time in tech history, a founder in Belgrade has the same tools on day one as a founder in San Francisco.Tiho Bajic lived this shift firsthand. He went from war refugee at age 9 to first engineer at Rypple (acquired by Salesforce) to founding CTO at Nitro to building the Long-Term Stock Exchange with Eric Ries. Now, as GP at Fifth Quarter Ventures, he's investing in overlooked geographies, particularly the Balkans. In this conversation, we cover his "first follower" philosophy, the distribution hacks that actually scaled Nitro, what pre-seed/seed means in 2026, and why geography still matters—just differently. Silicon Valley still has speed and capital density, but it lost its monopoly on technology. The opportunity now is understanding what each geography uniquely offers.