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In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American

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Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American

#51
post #35

Earlier quoted context omitted.

> Imagine if every Masters or a PhD grad was given a green card Yeah, a huge brain drain would result, to the detriment of other countries and the benefit of US.

Why is that a problem? Any other country could also open its border to "brains" if they wanted too. The world would probably be better off if smart people (or really any one) could easily migrate to where they can be happiest.

>Why is that a problem?

It's not if you an American.

>Any other country could also open its border to "brains" if they wanted too. The world would probably be better off if smart people (or really any one) could easily migrate to where they can be happiest.

And perhaps we could dispose of the not-so-smart left behind while at it...

Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American

#52
post #44

Earlier quoted context omitted.

In my country, most of Masters and PhD holders are really REALLY incompetent. I would suggest you go with different metric of merit.

What country, at least specify in US or out of US. I can't even speculate. Tear down the idea of giving green cards, you mean that people out of the us with ms/phd are not so good. Support the idea of giving green cards, the existing ones in the us are good, the bad ones left? Sorry, can't parse it. :-)

I don't know what you are even trying to say.

I live in a third-world country and every single ms/phd I have met were nothing but incompetent.

Edit: I don't know why you are downvoting this but in this country most degrees are bought with money and the ones earned without bribery are earned in an environment where expectations from students are a lot lower than, say, in US.

Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American

#53

I was walking around my home town recently. It's more than doubled since I left in 2002. Most of the new housing was built as new, dense (10-20 stories) suburbs. Th urban architecture is not bad. Decent green spaces, so that buildings open into "garden paths" rather than streets. You can get between places using green pedestrian walkways. Conveniently located schools & creches. Most of the parking is underground. The…

> My long winded point is that maybe it's time to "pick winners" in financial markets, subsidizing or penalising certain types of capital markets over others.

Who gets to pick the winners? Why should those people benefit and others lose? How do you prevent the massive corruption? And why is it time now, not 10 or 50 years ago or 10 years in the future?

Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American

#54
post #35

Many thanks to the lopsided high skilled immigration rules, combined with China focused VCs, a lot of reverse brain drain to China has lead to this. Imagine if every Masters or a PhD grad was given a green card. US would still have been a leader in tech (at least wrt VC spending metric)

> Imagine if every Masters or a PhD grad was given a green card Yeah, a huge brain drain would result, to the detriment of other countries and the benefit of US.

Nowadays skilled ones stay back in India working in startups. Those who were not able to get campus recruited from the colleges in India go for Masters in the US for a second chance.

Anecdotally, majority of them are not high skilled. Masters/PhD should not be used as a valuable metric for green card consideration.

Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American

#55
post #39

Earlier quoted context omitted.

The number of Chinese students staying in the US after graduation has been relatively steady for the last 10 years; the number of Chinese students coming to the US, in contrast, has exploded, pushing the stay percentage down.

Do you have any links to confirm the latter? From what I have been seeing, the number of both Indian/Chinese students coming to the US for studying has gone down post the Trump administration. Also, I am seeing more Indian/Chinese folks going back home due to increase in engineering wages/opportunities. Of course, it's still not comparable to US but plenty-enough to live a very good life-style back home.

I’m not sure if it’s gone down during the last 1.5 years of the trump admin, but it has exploded in the last 10 years. Looking at the data. Looking at the change for any given year is a bit noisy.

China has really great wages for programming (I should know), but lacks in many quality of life factors. For example, many Chinese won’t go back once they have kids because of educatio, hukou, and pollution factors. They would have to pay a lot to get around those.

Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American

#56

I was walking around my home town recently. It's more than doubled since I left in 2002. Most of the new housing was built as new, dense (10-20 stories) suburbs. Th urban architecture is not bad. Decent green spaces, so that buildings open into "garden paths" rather than streets. You can get between places using green pedestrian walkways. Conveniently located schools & creches. Most of the parking is underground. The…

> My long winded point is that maybe it's time to "pick winners" in financial markets, subsidizing or penalising certain types of capital markets over others. Who gets to pick the winners? Why should those people benefit and others lose? How do you prevent the massive corruption? And why is it time now, not 10 or 50 years ago or 10 years in the future?

The current system is not exactly neutral or not corrupt, but it's already picking winners, mainly the ones who already have plenty of money.

Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American

#57
post #14

Earlier quoted context omitted.

How rapidly are cashless transactions spreading in China? When I was there back in 2011-2012 everything was exclusively cash-only. I'd be interested to learn the rate of change in recent years.

>How rapidly are cashless transactions spreading in China? Basically overnight. Reason? 1. Alibaba and Tencent basically paying cash for people using their system; 2. POS terminal charges for them are near nil in comparison to rapacious rents Visa/MC processing banks were demanding just a year ago.

It seems reliance on electronic pay is a big vulnerability, whenever there's a hickup everything stops. You can make the systems work reasonably well but there will be an outage eventually. In any kind of cyber battle you'd think this would be a huge problem. In the US I noticed most young people also carry little cash, while I'm often paying with cash.

I know in China they also like ubiquitous tracking of people, and maybe the us govt would like that too.

Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American

#58

Why is this a concern? The population of China is 3 times as large as the US. If anything, this should be celebrated because resources seem to be allocated more efficiently - Chinese innovation should outpace the United States in the coming years (we’re already seeing this in mobile phones and marginal low end technology like cheap IoT enabled gadgets).

It's not though because they don't respect ip law so there's no incentive.

Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American

#59
post #35

Earlier quoted context omitted.

> Imagine if every Masters or a PhD grad was given a green card Yeah, a huge brain drain would result, to the detriment of other countries and the benefit of US.

Why is that a problem? Any other country could also open its border to "brains" if they wanted too. The world would probably be better off if smart people (or really any one) could easily migrate to where they can be happiest.

Geographic intellectual centres tend to be very strong natural monopolies.

Mind: my own theorising, though based on a considerable bit of research.

Monopolies, generally, tend to form around networks, most generally described as flows (material, energy, products, people, information), between nodes, with some cost function. That last isn't just the traditional capital and labour, but a larger set, generally: materials, energy, time, effluent, skill, technical knowledge, O&M, comms protocols (including language choice), access to finance, frictional losses (from hull drag to bribery), and yes, labour and capital.

I'd also add unintended consequenses, though that's a long aside.

Different locations may have favourable or unfavourable standing among various of these factors. Comparative advantage (and disadvantage).

Something like Kirchoff's law of circuit flow may apply, I'm looking into this. There's some prior art, I believe associated with Jules Dupuit.

Edward Glaser, Harvard, makes the interesting observation that cities are an exception to the Anna Karenina principle: major global cities tend to have their own individual focus of competence. This seems particularly the case for ephemeralised goods: television (centering on NYC again), cinema (Hollywood, though, via language frictions, also Bollywood), finance (NYC, though with regional centres in London, Frankfurt, and Tokyo). And of course the San Francisco Bay Area for software, thoughthere are a few other competing centres, notably again NYC.

Glaeser also notes that diverse cities with non-monolithic industries and corporate footprints, tend to maximise diversity -- hecontrasts NYC's garment industry with the company towns of Ford's Detroit and Carnegie's Pittsburgh.

(The bulk material, energy, effluent, and labour requirements of early-20th century auto and steel production are other aspects he fails to dwell on, to his loss.)

But there are also things ccities need to get right: a baseline. Size. Food and water supply. Waste removal, public health, and crime prevention. Transport and tradee. Comms. Quality of life. Fail in these, and aa city wwill decline (though economic failure seems the more apparent proximate cause).

For intellectual and creative activities, opportunity, freedom, removal of barriers & hassles, and lack of oppression, seem key. The mid-20th century transatlantic flow, in both directions, of European Jews west, and American Blacks east, is a particularly inteeresting case: a given location can simultaneously attract and repell.

There are other dynamics: Dutch Disease, Baumal's Cost Disease, Gresham's Law (particularly applicable to brain drain), probably Jevons and Leibig's law.

But getting to your assertion, simply opening borders is far from sufficient.

Re: In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American

#60
post #44

Many thanks to the lopsided high skilled immigration rules, combined with China focused VCs, a lot of reverse brain drain to China has lead to this. Imagine if every Masters or a PhD grad was given a green card. US would still have been a leader in tech (at least wrt VC spending metric)

In my country, most of Masters and PhD holders are really REALLY incompetent. I would suggest you go with different metric of merit.

In Brazil the same. Many are just degree getters but dont really have a good base
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