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Why is this a concern? The population of China is 3 times as large as the US. If anything, this should be celebrated because resources seem to be allocated more efficiently - Chinese innovation should outpace the United States in the coming years (we’re already seeing this in mobile phones and marginal low end technology like cheap IoT enabled gadgets).
Earlier quoted context omitted.
> 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.
Nowadays skilled ones stay back in India working in startups. Those who were not able to get campus recruited from the colleges in India go for Masters in the US for a second chance. Anecdotally, majority of them are not high skilled. Masters/PhD should not be used as a valuable metric for green card consideration.
Earlier quoted context omitted.
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.
Earlier 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…
I'm curious about how much of the considerable Chinese population is actually available to market tech products to. Something tells me comparing the populations straight up is misleading.
https://news.ycombinator.com/item?id=15675118
All of the $18B transaction was handled by Ant Financial.
yeah but how does China guarantee my IP? In the US I can sue at least. In China? Good luck. By the time you launch a product, a dozen imitation pops up. You, as a foreigner, are essentially tasked to upload your expertise and knowledge to a centralized communist power structure that will redestribute the wealth amongst the Chinese population. They don't have the hot clean air spots like Western Europe and North Ameri…
They don't. But that's why some Chinese companies are extremely competitive. They fought a way out of a bloodbath.
Earlier 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…
I'm curious about how much of the considerable Chinese population is actually available to market tech products to. Something tells me comparing the populations straight up is misleading.
Why is this a concern? The population of China is 3 times as large as the US. If anything, this should be celebrated because resources seem to be allocated more efficiently - Chinese innovation should outpace the United States in the coming years (we’re already seeing this in mobile phones and marginal low end technology like cheap IoT enabled gadgets).
This may be true but it’s not an inevitability, or at least it wasn’t always. Innovation is not just a function of population. Policy also makes a big difference. For the US in particular, immigration policy could make or break its success in tech. See Paul Graham’s famous article “Let in the Other 95%”.
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 pr…
Why is this a concern? The population of China is 3 times as large as the US. If anything, this should be celebrated because resources seem to be allocated more efficiently - Chinese innovation should outpace the United States in the coming years (we’re already seeing this in mobile phones and marginal low end technology like cheap IoT enabled gadgets).
Hence you see violation of IP and high tech being used to suppress minorities.
This trend will continue to grow with current administration's authoritarian and isolationism.
Incredible. 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.