It just occurred to me that VC spending on the next big thing (usually a try at monopolization by appifization) in a way is a DDoS on the governmental oversight and by extension on the society. Governments may be too slow to react to properly enforce old laws or to create new ones to also cover new grounds. That gap allows companies to rise and profit, but many times at the expense of the society. Governments will probably adjust one way or the other, but I just hope that they will not throw the baby with the bathwater. They probably will, but that's just pendulum going to the other side.
In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American
31–40 of 81 posts
Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American
#32Many thanks to the lopsided high skilled immigration rules, combined with China focused VCs, a lot of reverse brain drain to China has lead to this. Imagine if every Masters or a PhD grad was given a green card. US would still have been a leader in tech (at least wrt VC spending metric)
Most graduate students in the US are of foreign origin anyways. At some moment studying abroad will not be necessary anymore.
This shouldn't come as a surprise to anyone. The US government has not invested enough in higher level education for its citizenship.
Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American
#33Incredible. It does seem like innovation in US is in a slowdown, with the tech giants being the only ones thinking long terms, and the VCs trying to flip companies to the tech giants on 3-5 year time scales. But very hard to tell what's going on, for me at least.
Early stage VC and founders can both do a lot better economically by obtaining earlier exists.
Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American
#34Earlier quoted context omitted.
One of the reasons US-based startups grow so quickly is that the ones with traction here tap into a (relatively) homogeneous 300+ million market. A Chinese company with similar market share potential has tapped into about 4X that market. Growth rate is much faster in such a market, as opposed to global growth that has to deal with diverse sources of friction (e.g. Uber's challenges in London, Paris, etc. vs in the US…
China is 4x larger users-wise, but what about revenue/gdp?
Still much lower but going up.
American wages are overall flat for 40 years.
Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American
#35Many thanks to the lopsided high skilled immigration rules, combined with China focused VCs, a lot of reverse brain drain to China has lead to this. Imagine if every Masters or a PhD grad was given a green card. US would still have been a leader in tech (at least wrt VC spending metric)
>Imagine if every Masters or a PhD grad was given a green card
Yeah, a huge brain drain would result, to the detriment of other countries and the benefit of US.
Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American
#36Earlier quoted context omitted.
One of the reasons US-based startups grow so quickly is that the ones with traction here tap into a (relatively) homogeneous 300+ million market. A Chinese company with similar market share potential has tapped into about 4X that market. Growth rate is much faster in such a market, as opposed to global growth that has to deal with diverse sources of friction (e.g. Uber's challenges in London, Paris, etc. vs in the US…
China is 4x larger users-wise, but what about revenue/gdp?
It's the momentum that matters not the absolute numbers.
Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American
#37Many thanks to the lopsided high skilled immigration rules, combined with China focused VCs, a lot of reverse brain drain to China has lead to this. Imagine if every Masters or a PhD grad was given a green card. US would still have been a leader in tech (at least wrt VC spending metric)
What is a green card worth without a job?
I had a green card but could not get a job in the US.
Cheers from China. They actually DO need people here.
Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American
#38Many thanks to the lopsided high skilled immigration rules, combined with China focused VCs, a lot of reverse brain drain to China has lead to this. Imagine if every Masters or a PhD grad was given a green card. US would still have been a leader in tech (at least wrt VC spending metric)
Many of those Chinese immigrants still go back to China after they get green cards.
Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American
#39Many thanks to the lopsided high skilled immigration rules, combined with China focused VCs, a lot of reverse brain drain to China has lead to this. Imagine if every Masters or a PhD grad was given a green card. US would still have been a leader in tech (at least wrt VC spending metric)
The number of Chinese students staying in the US after graduation has been relatively steady for the last 10 years; the number of Chinese students coming to the US, in contrast, has exploded, pushing the stay percentage down.
Do you have any links to confirm the latter?
From what I have been seeing, the number of both Indian/Chinese students coming to the US for studying has gone down post the Trump administration. Also, I am seeing more Indian/Chinese folks going back home due to increase in engineering wages/opportunities. Of course, it's still not comparable to US but plenty-enough to live a very good life-style back home.
Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American
#40Earlier quoted context omitted.
China is going cashless -mobile payments are increasingly the norm. There are two main ways to pay with your phone wechat pay and Alipay(run by ant financial). It will potentially handle a huge percentage of ALL payments in a country as big as china.Maybe 150bn isn't such a crazy valuation
How rapidly are cashless transactions spreading in China? When I was there back in 2011-2012 everything was exclusively cash-only. I'd be interested to learn the rate of change in recent years.
I live in SF and go back to China about once a year, and every time I go back, I can always find tons of new stuff. For my hometown, the change from exclusively cash-only to cashless happened in less than 2 years.