Boring has a $48.7 million mile-long project to build a tunnel with people moving pods around the Las Vegas Convention Center. If this is successful, the tunnel and system will be extended to the Las Vegas Strip.

Boring Company competitors are very old companies that seem unlikely to be able respond to a truly disruptive competitor.

"The four-largest tunnel companies in the U.S. were founded in the 1800s," Jurvetson said. "Like the automotive and aerospace sectors, they haven't faced a disruptive new entrant in their management's collective life-time."

Boring Company wants to solve traffic with 3D roads must go 3D. Unlike flying cars, tunnels are weatherproof, out of sight and won't fall on your head. A large network of tunnels many levels deep would help alleviate congestion in any city, no matter how large it grew (just keep adding levels). The key to making this work is increasing tunneling speed and dropping costs by a factor of 10 or more – this is the goal of The Boring Company. Fast to dig, low cost tunnels would also make Hyperloop adoption viable and enable rapid transit across densely populated regions, enabling travel from New York to Washington DC in less than 30 minutes.