The most populous country in the world has invested more in startups than a small region of the US. Honestly, why is this news?
Because this wasn't the case before.
China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
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Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#12Just shows how many suckers there are in China...
Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#13Of 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?
I guess the premise of the parent comment is that China, at least in the tech sector, is considered as "developed" as the US. If that assumption holds true, what the parent comment isn't far off. But that's an assumption that may or may not be true, depending on who you ask at least.
Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#14> China has its money where the action is.
This has been absurdly obvious for about 3-5 years now. The knowledge of actual hardware creation & manufacturing has largely migrated to China (hello outsourcing). Costs of living in reasonably stable environments (required for broad innovation) in the US is absurdly high. Government support and funding for innovation - which is required for high value research - has been gutted since the Cold War. These things have a long-term effect.
All of the above are USA policies driven by politics. They can all be 100% fixed with political muscle and will. Much like our infrastructure. We can fix it: we choose not to.
China's government is not stupid; they can watch the US hamstring itself via libertarian policies and work to avoid such approaches. I don't like their approach to human rights, but they are working very hard to fund innovation and infrastructure.
Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#15Earlier quoted context omitted.
Why would population be the correct normalizer? Would we expect Nigeria to have 57% of the startup funding that the US does?
I guess the premise of the parent comment is that China, at least in the tech sector, is considered as "developed" as the US. If that assumption holds true, what the parent comment isn't far off. But that's an assumption that may or may not be true, depending on who you ask at least.
Sure, that's reasonable. I guess my point was there are likely better naive correlates for amount of startup funding than population. Perhaps number of STEM or college educated adults, perhaps levels of general economic growth, perhaps GDP, perhaps levels of business freedom, perhaps population (I'm not ruling it out).
Also Nigeria was a particularly bad example because they're developing spectacularly well, should have picked a large population country with a poor business climate.
Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#16The most populous country in the world has invested more in startups than a small region of the US. Honestly, why is this news?
It also invested more than US+Canada
https://news.crunchbase.com/news/in-q2-2018-global-vc-scales...
Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#17> China has its money where the action is. This has been absurdly obvious for about 3-5 years now. The knowledge of actual hardware creation & manufacturing has largely migrated to China (hello outsourcing). Costs of living in reasonably stable environments (required for broad innovation) in the US is absurdly high. Government support and funding for innovation - which is required for high value research - has been g…
What do you mean by reasonably stable. Suburban Ohio is literally an order of magnitude cheaper than say San Francisco and Cleveland isn't that much more expensive or for that matter unstable.
Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#18> China has its money where the action is. This has been absurdly obvious for about 3-5 years now. The knowledge of actual hardware creation & manufacturing has largely migrated to China (hello outsourcing). Costs of living in reasonably stable environments (required for broad innovation) in the US is absurdly high. Government support and funding for innovation - which is required for high value research - has been g…
What do you mean by reasonably stable. Suburban Ohio is literally an order of magnitude cheaper than say San Francisco and Cleveland isn't that much more expensive or for that matter unstable.
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Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#19The most populous country in the world has invested more in startups than a small region of the US. Honestly, why is this news?
Because the USA have been screaming they are the best in the world for decades, while their leader have been making sure it won't last.
Now, we are at the tipping point where China is looking more and more like the world most powerful country.
Re: China VC has overtaken Silicon Valley, but do aggregates tell the whole story?
#20> China has its money where the action is. This has been absurdly obvious for about 3-5 years now. The knowledge of actual hardware creation & manufacturing has largely migrated to China (hello outsourcing). Costs of living in reasonably stable environments (required for broad innovation) in the US is absurdly high. Government support and funding for innovation - which is required for high value research - has been g…
What do you mean by reasonably stable. Suburban Ohio is literally an order of magnitude cheaper than say San Francisco and Cleveland isn't that much more expensive or for that matter unstable.
>Suburban Ohio is literally an order of magnitude cheaper than say San Francisco and Cleveland isn't that much more expensive or for that matter unstable.
Do you know what else is within 300 miles of Cleveland Ohio?
Absolutely nothing.