China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
1–10 of 71 posts
Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#2Of course they do! China has 4x the people. I don't understand these kinds of articles when they dont adjust per capita.
IMO this is the meat of the article:
The U.S. can’t continue to look inward and expect the high
rates of growth we have seen in the tech sector over the
past two decades. Only new, global markets are going to be
the driver of prosperity, and right now, China has its
money where the action is.Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#3Of course they do! China has 4x the people. I don't understand these kinds of articles when they dont adjust per capita. IMO this is the meat of the article: The U.S. can’t continue to look inward and expect the high rates of growth we have seen in the tech sector over the past two decades. Only new, global markets are going to be the driver of prosperity, and right now, China has its money where the action is.
Why would population be the correct normalizer? Would we expect Nigeria to have 57% of the startup funding that the US does?
Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#4Adjusted for purchasing power it probably looks even worse for Silicon Valley. How much is an office and a good developer in a big city in China?
Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#5Of course they do! China has 4x the people. I don't understand these kinds of articles when they dont adjust per capita. IMO this is the meat of the article: The U.S. can’t continue to look inward and expect the high rates of growth we have seen in the tech sector over the past two decades. Only new, global markets are going to be the driver of prosperity, and right now, China has its money where the action is.
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Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#6Of course they do! China has 4x the people. I don't understand these kinds of articles when they dont adjust per capita. IMO this is the meat of the article: The U.S. can’t continue to look inward and expect the high rates of growth we have seen in the tech sector over the past two decades. Only new, global markets are going to be the driver of prosperity, and right now, China has its money where the action is.
Why would population be the correct normalizer? Would we expect Nigeria to have 57% of the startup funding that the US does?
Funding is a lagging indicator -- I do expect that Nigeria (population ~190 million) has ~57% of the human potential of the United States (~330 million).
Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#7Of course they do! China has 4x the people. I don't understand these kinds of articles when they dont adjust per capita. IMO this is the meat of the article: The U.S. can’t continue to look inward and expect the high rates of growth we have seen in the tech sector over the past two decades. Only new, global markets are going to be the driver of prosperity, and right now, China has its money where the action is.
Why would population be the correct normalizer? Would we expect Nigeria to have 57% of the startup funding that the US does?
Assuming everyone is as capable, yes.
Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#8Adjusted for purchasing power it probably looks even worse for Silicon Valley. How much is an office and a good developer in a big city in China?
Chinese real estate prices are SV level already in some cities that are popular with tech. However, they lean more on dense open offices and even converted underground shopping malls. They also tend to put development centers way out in the suburbs away from expensive city centers (well, it depends, for every Lenovo that is almost out to changping, there is a Microsoft in the heart of Zhongguancun).
High office prices only applies to Shenzhen, Beijing, and Shanghai (and maybe GZ and HZ).
As for labor, good programmers and managers are definitely not cheap in China, even if cheaper than SV.
Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#9Of course they do! China has 4x the people. I don't understand these kinds of articles when they dont adjust per capita. IMO this is the meat of the article: The U.S. can’t continue to look inward and expect the high rates of growth we have seen in the tech sector over the past two decades. Only new, global markets are going to be the driver of prosperity, and right now, China has its money where the action is.
I don't think it makes sense to adjust per capita. The biggest startup hubs used to be Silicon Valley, New York, London and Berlin. Germany and the UK might just come out ahead of the US because their startup hubs are in smaller countries than SV.
Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#10The most populous country in the world has invested more in startups than a small region of the US.
Honestly, why is this news?