Earlier quoted context omitted.
The reason the US has freely flowing funding is because the VC has an immense amount of cash from the previous generations of successful Unicorns. So why was it (and still is) easier to raise unicorns in the USA ? The thing that separate the internet economy with the traditional is the massive network effects that makes it a winner take all game. And at that game the USA has a massive home advantage with a huge cultu…
> The reason the US has freely flowing funding is because the VC has an immense amount of cash from the previous generations of successful Unicorns. So why was it (and still is) easier to raise unicorns in the USA ? You're ignoring that all of this money initially came from massive investment by the Defense Advanced Projects Administration (DARPA) which funded the semiconductor industry in its infancy, which funded t…
For example, AMD was founded within a year of Intel - years before either manufactured a CPU. You're blurring lines with antitrust lawsuits in the 90s.
Now if you want to talk about the Federal government single handedly propping up the market for semiconductors until the end of the Apollo program, that's a different story and includes more players than DARPA.