Why to Move to a Startup Hub • Hacker News Board

Re: Why to Move to a Startup Hub

#91

Post by vanemden » Sat, Dec 29, 2007, 10:55 PM UTC

The dynamic you describe is "winner takes all". Expertise attracts expertise, and face-to-face encounters are essential. In finance it's been like that since 1300. Fernand Braudel, in his lovely little book "La Dynamique du Capitalisme" argues that this is also the reason there has always been at any time exactly one financial centre in the world where all the big deals are done.

He lists:

Venice 1380 -- 1500 Antwerp 1500 -- 1555 Genoa 1555 -- 1621 Amsterdam 1621 -- 1780 London 1780 -- 1929 New York 1929 -- present

(For the future see http://www.theatlantic.com/doc/200507/fallows).

Maarten van Emden.

Re: Why to Move to a Startup Hub

#92

Post by FrankieCHN » Wed, Jan 09, 2008, 1:52 AM UTC

surely it makes sense,however,it all depends,different models should suit sepecific circumstances,

http://blog.sina.com.cn/FrankieCHN I hope I can make kind friends in this hub,haha^^

Re: Why to Move to a Startup Hub

#93

Post by FrankieCHN » Wed, Jan 09, 2008, 1:54 AM UTC

surely it makes sense,however,it all depends,different models should suit sepecific circumstances,

http://blog.sina.com.cn/FrankieCHN I hope I can make kind friends in this hub,haha^^

Re: Why to Move to a Startup Hub

#94

Post by derwisch » Wed, Jan 16, 2008, 1:37 PM UTC

Paul comes off rather rude by not commenting on the contents of the rebuttal. Have you only been able to hear the first couple of sentences because you were in a rush, or could you tell the rest of the talk by the opening and didn't bother? It doesn't become very clear to me.

Re: Why to Move to a Startup Hub

#95

Post by apuljain » Tue, Feb 05, 2008, 9:30 PM UTC

A very well written essay. http://www.renexcel.com

Re: Why to Move to a Startup Hub

#96

Post by jsteele » Wed, Aug 06, 2008, 1:19 PM UTC

davidv wrote: post #52

I was just reading this article and immediately saw a nice parallel. Take a look at "The Secrets of Intangible Wealth" - http://reason.com/news/show/122854.html . It's about a World Bank study of the effect of intangible capital on productivity. One conclusion that can be drawn from the study is that pure application of financial capital in itself does not result in productivity - in other words, it's not just where…

Now just a damn minute. If the article you linked to is correct, then the World Bank is playing a devious game of sleight of hand: They got the idea that the US must have "intangible wealth" because of the fact that the domestic resources and domestic production don't account for all the wealth. The sleight of hand is in the fact that they never consider the fact that the USA's rich classes operate in dozens of countries. The US imports most of its natural resources, and it even imports a large portion of the finished goods. All of these imports benefit American investors. About the only thing they export are the costs: Those who aren't part of the rich class have to constantly worry about their jobs going to China, India, Jakarta, and Indonesia, where labor is cheaper.

All "intangible" means in this case is "Oops, we missed it!"