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He has a good frame of reference: “I see this as an opportunity for academics in New York to contribute to start-up culture,” says Wiggins, referring to the piv
by samratjp 17y ago
He has a good frame of reference: “I see this as an opportunity for academics in New York to contribute to start-up culture,” says Wiggins, referring to the pivotal role that Stanford’s dean of engineering, Frederick Terman, played in the rise of Silicon Valley.
Stanford is what it is today thanks to Terman's meddling and the army (http://www.youtube.com/watch?v=ZTC_RxWN_xo http://www.youtube.com/watch?v=ZTC_RxWN_xo). If Wiggins is NYC's Terman, what's NYC's army equivalent?
- MediaSquirrel 17y agoHmm. Perhaps the army is...FourSquare?
- samratjp 17y agoWell, I suppose the army was like a wave and the initial startups surfed that wave. FourSquare is surfing alright, but which wave?
- MediaSquirrel 17y agoMaybe the army is the shrinking of the financial services bubble?
- ffhix 17y agoIn 1939, when Terman encouraged Hewlett and Packard to start a company, Stanford was a farm. Right now, thanks to an 8-year Madoff economy, NYC is one of the most $-rich cities on the planet. I don't think finding an army equivalent will be a hurdle.
- evankorth 17y agoIts not clear an "Army equivalent" is needed. For one, its much less expensive to start a company today than it was in Terman's time. Does contemporary NYC have certain assets that were unavailable to Terman in his day? Does NYC really need a single centralized funding source in 2010 or might funds come from a variety of public and private sources?