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Tech is here because the money for tech is here. It started with the US Gov't putting money into military bases and later Lockheed and other mil contractors. Du
by anateus 10y ago
Tech is here because the money for tech is here. It started with the US Gov't putting money into military bases and later Lockheed and other mil contractors. During and after WWII tax regulations changed in such a way that VC become more and more profitable, and the industry grew alongside the talent pool that was being drawn in.
This created a feedback loop of talent and money. But the money is the primary driver here.
It's why if you're an entertainer you go to LA (often after NYC), or go to NYC for finance.
Going somewhere cheap and being in a garage in a vacuum does nothing for you if the climate that allows something like the Homebrew Computer Club (or an underground music club, etc.) to exist isn't there in place already. As much as it has done, the internet hasn't wholly replaced that aspect of things yet.
- uola 10y agoI think you're kind of right, but I feel the comparison with LA/NYC is slightly weird. SV is the leader in the consumer web space (and some other areas). If you're into hardware, games or electronic music the choice of SV is far less obvious. It could/would make sense to go to China, Germany or Sweden instead. One problem is that everyone is so busy to copy SV that they fail to invent their own scene. Probably a result of having to justify yourself to investors. But it really seem like the window in which subcultures can flourish has become much smaller.