Peter Thiel: Silicon Valley’s monopoly on big growth tech companies is over
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Re: Peter Thiel: Silicon Valley’s monopoly on big growth tech companies is over
#2That’s not a bad thing. Having more places of innovation is better for everyone. Hopefully, we’ll see more world class research universities too. A Stanford University (or two), for example, in every location.
Re: Peter Thiel: Silicon Valley’s monopoly on big growth tech companies is over
#3This is not a profound statement, but rather obvious. If may calculations are right, there are roughly 6 billion 993 million people outside of Silicon Valley
Re: Peter Thiel: Silicon Valley’s monopoly on big growth tech companies is over
#4Summary: soon, we will start to see more successful tech companies emerge out of areas other than Silicon Valley.
Re: Peter Thiel: Silicon Valley’s monopoly on big growth tech companies is over
#5This is not a profound statement, but rather obvious. If may calculations are right, there are roughly 6 billion 993 million people outside of Silicon Valley
It's not a uniform distribution.
Re: Peter Thiel: Silicon Valley’s monopoly on big growth tech companies is over
#6My bet is that still it will be in USA. Among many other things, there's no shame in "failing" in USA. Investors and banks take a chance, fully knowing that most will fail.
In a lot of countries failure will follow you for the rest of your life. Not to mention that you'll be broke owing to banks, friends and tax authorities.
Re: Peter Thiel: Silicon Valley’s monopoly on big growth tech companies is over
#7This is not a profound statement, but rather obvious. If may calculations are right, there are roughly 6 billion 993 million people outside of Silicon Valley
It's not a uniform distribution.
Huh? Me and Warren Buffet together are worth about $81 Billion, it varies daily but around that range.
Re: Peter Thiel: Silicon Valley’s monopoly on big growth tech companies is over
#8With the greatest respect for Mr. Thiel and his accomplishments I'm skeptical.
I've travelled the world and my experience is that very few places in the world have America's, often irrational, can-do attitude, appetite for new venture risk, and societal acceptance of new venture failure as an important part of the entrepreneurial process.
I just don't think it's that easy to graft these cultural norms to other cultures, let alone replicate the new venture capital, both human and monetary.
As someone in London I wouldn't be on hacker news to 'keep my finger on the pulse' if I believed otherwise.
Re: Peter Thiel: Silicon Valley’s monopoly on big growth tech companies is over
#9Summary: soon, we will start to see more successful tech companies emerge out of areas other than Silicon Valley.
The level of conceit required to think that such things did not exist before, and don't exist now, is awe inspiring.
Re: Peter Thiel: Silicon Valley’s monopoly on big growth tech companies is over
#10That’s not a bad thing. Having more places of innovation is better for everyone. Hopefully, we’ll see more world class research universities too. A Stanford University (or two), for example, in every location.
My wife previously worked at Harvard Business School and currently works at Stanford. One of the big differences she noticed is that Stanford encourages students to start their company, while HBS steers their grads towards Wall Street.