A mystery company backed by Silicon Valley billionaires has purchased tens of thousands of acres of land for more than $800 million to build a new city near…

A mystery company backed by Silicon Valley billionaires has purchased tens of thousands of acres of land for more than $800 million to build a new city near…

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Left to right: Marc Andreeseen, Lauren Powell Jobs, and Michael Moritz are some of the prominent Silicon Valley investors who have backed Flannery Associates's pursuit to build a new city in California. Paul Chinn/The San Francisco Chronicle; Jemal Countess/Getty Images for TIME; Michael…

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