I think it's really as simple as having a big company hitting a giant IPO that creates wealthy individuals who go on to invest in smaller up and coming startups. E.g. Seattle has Amazon and Microsoft, Bay Area has Meta, Google, etc.
If that were even remotely true then Silicon Valley would already be in Bentonville, Arkansas.
The Next Silicon Valley Will Be in the US Heartland: Steve Case
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Re: The Next Silicon Valley Will Be in the US Heartland: Steve Case
#32About 3 years ago I left Silicon Valley after being there for 15 years. I moved to the suburbs outside of another major US city, near where I grew up. I had already been working remote, and especially during the pandemic it felt like a relatively future-proof decision to be outside of the SV network. Frankly, now I'm not so sure I was right. No other place in the US (maybe in the world) has the amount and magnitude o…
Re: The Next Silicon Valley Will Be in the US Heartland: Steve Case
#33You need colleges. You want the next Silicon Valley, pump money into the CS programs of area colleges.
Re: The Next Silicon Valley Will Be in the US Heartland: Steve Case
#34Unless a lot of areas become a lot more hospitable to immigrants, it is very unlikely that they will become the next Silicon Valley —- or next anything really. When you look at places like Ohio, for instance, that have been stagnating for decades, a huge reason for it is that the population of Ohio was once representative of the country and has increasingly become older and whiter than the general U.S. population. Th…
FTA : I believe that if America loses its way and ceases to be the most innovative, entrepreneurial nation in the world, the most likely cause will be not having an immigration policy that is as welcoming to people as it has been for the past couple of centuries.
The talent is largely already here.
Re: The Next Silicon Valley Will Be in the US Heartland: Steve Case
#35Re: The Next Silicon Valley Will Be in the US Heartland: Steve Case
#36The "Silicon Valley of Bar" never works as anything but campaigning to gullible and giving benefits to existing businesses for no real public gain.
Arguing for entitlement to runaway success based off of some misguided notion of equity is even worse (and by definition incoherent). Success being seen as a birthright is a fast way to stagnation and failure, demonstrated time and time again by fallen US industries like steel and automobiles. Success isn't guaranteed even with hard work and connections!
Re: The Next Silicon Valley Will Be in the US Heartland: Steve Case
#37You need colleges. You want the next Silicon Valley, pump money into the CS programs of area colleges.
Re: The Next Silicon Valley Will Be in the US Heartland: Steve Case
#38There are few reasons why Silicon Valley is successful: 1) weather (no tornados, no super humid days, no snow) 2) proximity of great places (Lake Tahoe, Monterey, Napa valley, …) 3) good universities (Berkeley, standford, UCSF, …) 4) immigrants (especially south asian) are more welcome 5) big companies like Salesforce, Google, Facebook, etc. 6) support network: it is ok to be poor entrepreneur and hassle even you are…
Re: The Next Silicon Valley Will Be in the US Heartland: Steve Case
#39Earlier quoted context omitted.
And unfortunately, your best universities are not in the heartland and very few in red states. Silicon Valley has the luxury of educational centers, as well as large tech firms that can be used to seed the area with talent they create and attract. You would be hard pressed to find such a confluence of actors in the heartland.
I consider Rice and UT-Austin as two of the best universities in a conservative, red state. But they don't get a lot of respect from coastal elites because they aren't in NYC or SF.
But there is no density in Texas. Dallas, Austin, and Houston are 4 hours apart. There is virtually no synergy between them for a corporation other than existing under the same state laws. If these three were all half the distance from each other, and the weather was mild year round, and they were on the coast, it would be a different story.