Runs on Saudi what?
Silicon Valley Runs on Saudi (2019)
141–150 of 176 posts
Re: Silicon Valley Runs on Saudi (2019)
#142Earlier quoted context omitted.
What's a LP?
A VC firm has general partners (GPs) who own the firm and manage the money and funds. It may also (and usually does) have limited partners (LPs) who invest money in one or more funds but don't play any management role.
And, more importantly, who have no say in how their money will be invested.
Re: Silicon Valley Runs on Saudi (2019)
#143I am not looking forward to the rehabilitation of MBS's image that will take place over the next couple of years. After Khashoggi was killed, some prominent people took a bit of stand and pulled out of the Future Investment Conference. The narrative there was clear: we don't do business with people who murder journalists. So now, the US has essentially confirmed it: yeah, MBS did in fact have that journalist killed.…
You could also say the same about Russia making the UK basically their poison playing ground. You would think much more would be done when a whole city needs to be shut down due to the spread of the poison between people. Money is money, people are fickle minded and will look beyond incredibly awful things if need be. It's a helluva drug.
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Re: Silicon Valley Runs on Saudi (2019)
#144It doesn't really + it's not like it's child slave money or something, this is money from oil paid for by almost every country in the world, you know since everyone needs oil. I can't believe the hypocrisy if you really have an issue with that money, go after the countries that are purchasing their oil from them. Let me make it easy for you, here are the top three counties: 1 Japan 2 China 3 South Korea
Yeah, the article neglects the fact that one of the main reasons for the US dollar being a world reserve currency is because of the petrodollar system (basically the US made a deal with oil-rich Middle East countries to only sell their oil in dollars, and get extensive military protection in return). Since everyone needs to use oil in order to produce anything, the demand for dollars rises globalwide, and there is nothing you can do about it unless that relationship is terminated, or oil becomes fully replaced with other renewable energy sources (although keep in mind that oil isn’t just used for power). Saudi’s non-problem(?) after this lucrative deal is that they are now flooded in a surplus US dollars, and after realizing that they can’t outspend this with only luxury cars and hotels (!), they have invested that surplus heavily into US corporations, like which the article is describing.
Re: Silicon Valley Runs on Saudi (2019)
#145Michael: My father is no different than any powerful man, any man with power, like a president or senator. Kay Adams: Do you know how naive you sound, Michael? Presidents and senators don't have men killed. Michael: Oh. Who's being naive, Kay?
Great movie.
Re: Silicon Valley Runs on Saudi (2019)
#146Earlier quoted context omitted.
It's about survival. The Middle East is not full of stupid people. They all see the writing on the wall. Yes, we will always need petrochemicals, but we're rapidly approaching a world where we need very little of them. In another 80-100 years' time, we'll have nuclear fusion, and if for some reason we've decided we don't want unlimited cheap power with easily disposed of waste, then we'll settle for solar, wind, geot…
Had this been about diversifying their future income streams, the most efficient way would be the most boring one - buy yet another 1% of everything. Pouring tens of billions into startups with questionable business models, in the world's most overpriced market, while conspicuously avoiding UK, EU, ANzAC and Japan - that's a clear sign they're not in this for money. They're trying to trade money for cultural influenc…
Great point.. but I immediately thought, they probably are doing the boring thing as well.
Re: Silicon Valley Runs on Saudi (2019)
#147Earlier quoted context omitted.
Saudi is nothing like North Korea this is just an edge lord comment. They’re completely different in a 100 ways. You can criticize the Saudi state without drawing comparisons that make no sense. “Is the best what you can do?” Really? Coming up with an inaccurate comparison is the best you can do?
> They’re completely different in a 100 ways. No, they are remarkably similar Effectively a 1 family state, with 1 party system as a decoration — Check The few electoral opportunities are 100% rigged. Whomever wants to self-nominate gets secretly abducted, tortured, killed, and dissolved in potassium hydroxide — Check Omnipresent domestic espionage, and political inquisition — Check Adherence to a completely braindea…
Think that is being a bit unfair to North Korea, none of their citizens have carried out terrorist attacks on US soil.
Re: Silicon Valley Runs on Saudi (2019)
#148Earlier quoted context omitted.
Quite a bit of Chinese investment though, no? Different thing entirely but may be of interest to some.
I thought Chinese investment significantly tapered off a few years ago.
Possibly. I recently interviewed for an infosec role at a SV medical device manufacturer and China was involved in a few ways above and beyond being a major part of the supply chain.
I had to nope out.
Re: Silicon Valley Runs on Saudi (2019)
#149So wait it's not run on hard work, innovation, and freedom?
Re: Silicon Valley Runs on Saudi (2019)
#150Here is an idea: Don't take the Saudi money. Don't take any money. Just build it, and ship it. Work a regular job and work on your startup at night. Create a product and charge very little for it. Wipe out the competition with a better / cheaper product. Once you think you are having an effect, short your competitor. Continue to ship your as good or better product for 1/3 the cost. Take down the world powers. Just an…
I like your style. I may be skeptical about how practical this approach is, but I sure do like the style.
It might work for software startups, but for almost any kind of hardware or biotech startup, you're going to need funding.