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Silicon Valley Braces for Uncertainty After Donald Trump’s Victory
- zer00eyz 10y agoLets be real here for a minute. There was already a lot of uncertainty in the valley before this happened. The first bubble was a great purge of bad ideas, and people (based on skill or passion), it was fuel for the next evolution. Any major change to the status quo is going to send some waves through the community, and I honestly think that were long over due for a correction not only in the broader market but in tech as well. Frankly, it might be a good thing.
- sdegutis 10y agoYep, drastic change is probably better than keeping what we have. That's the hope, anyway. That's why Trump won.
- pcwalton 10y agoI can't tell whether you're endorsing this view or not by saying "that's the hope, anyway". If so, it seems obviously false. As anyone who has debugged code knows, even if what you have is bad, randomly making changes rarely ever makes it better.
- alva 10y agoinjecting randomness into some functions can take you out of a local maxima
- shepardrtc 10y agoWe live in a golden age of humanity. War is less frequent, crime is down, technology is increasing at an incredible pace, medicine is better than it ever was. What is wrong with what we have?
- exstudent2 10y agoOur media, government and education systems are corrupt.
- shepardrtc 10y agoThere are definitely issues, but compare it to a third-world country and you'll see that its pretty good. Not perfect, but overall, good.
- exstudent2 10y agoI would definitely classify them as terrible and oppressive not "good". It has (had?) reached a point where you could literally lose your job for saying on Twitter that you support Trump. You would certainly be punished professionally for it. The media and our university system are very much at fault for creating such a culture of intolerance.
- nickpsecurity 10y agoYou've been caught in an echo chamber giving you biased info like many liberals. In the South, saying you're for Obama or Hillary can get the same results. You also get deleted off many people's social media if you push them on it. This is one of those things that happens on both sides but the echo chambers tell each it only happens to theirs. Keeps people's attention, ad revenue goes up, and great divide remains strong.
- exstudent2 10y agoSadly the echo chamber I'm trapped in is our industry. If it were just a choice of media or people I knew from high school I wouldn't care. It's appalling to me that any political opinion can terminate your hard earned career in tech just because the people at the top feel they have a monopoly on the truth. This attitude is cultivated by the media and the universities they attended, which is why I view them as the root of corruption.
- foolrush 10y agoExplain what a "bad idea" is to me? There are underpinnings of a Grand Narrative in it; "good ideas" carry forth, "bad ideas" die. Evolution with "progress" and "always better" buried in the metanarrative. Even the metanarrative of evolution as having some sort of benevolent directionality. I am not being snarky, and I am genuinely interested in how "bad ideas" (specifically what is a "bad idea") factor into the causation, as well as "skill" and "passion"?
- usmeteora 10y agoAnyone correct me if I'm wrong, and this won't be comprehensive but here are some bad ideas 1. A me too idea food delivery service for san francisco #5978978974 another online payment app like the 5 you have downloaded pretentious chat app #749857987 As someone ramping up through vetting stages of successful founders to pitch to VC firms, and reading their feedback, they are so tired of me too ideas, and san francisco solving san franciscos own app problems. There multibillion dollar industries living off off excel files with almost zero people who know sql much less the structure of their own databases, but people dont want to innovate in those industries because its not sexy enough. Even VCs are like please stop if I hear about one more chat app today... When an industry is overfunded inefficient and bad ideas can get funded too, as people pointed out in the .com crash alot of companies died, including people selling cat litter bags online, way before amazon prime existed or any type of optimized shipping or payment plan. People were just selling things online because they could, even if it was not more economical or beneficial for the customer. Those ideas died off, and good too, because we were able to hone in on real economic problems or set backs and focus on providing those solutions and we need that to happen again. Everybody needs to stop trying to be paypal and facebook and look at the other problems out there to solve, because there is alot, so I just have little sympathy for people who are failing with their me too ideas. Now whether any of Trumps policies result in that or not I do now know nor am I educated enough to have an opinion on. Reading Goldman Sachs and UBS wealth management reports this morning post election, alot of details remain to be seen based on his appointments, which people have little idea of at this point, as he is such an outlier even in his own party and has been abandoned by much of it. But it is true Silicon Valley has been expecting a bubble bust for months now, and that is clearly documented on almost every tech forum I read, so immediately 1. Blaming any outcomes on Trump is just inconsistent with the Valley's own prediction for itself 2. Not necessarily a bad thing
- IntelMiner 10y agoWould it be possible to get a link to a non-paywalled version of the article?
- seangrogg 10y agoWSJ uses referrer to determine their paywall. Most of us just copy the title and search it from Google as they don't wall users that come from Google traffic.
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- diego_moita 10y agoPeople are dreaming too much about this guy policies. To me, he looks exactly like Sílvio Berlusconi: a self-centered egocentric, with the attention spam of a spider and the temperament of a 10 year old boy. Like Berlusconi he simply wont be able to understand detailed policies or complex problems and doesn't have the intelligence or patience to stitch alliances and deals to implement those policies. Like Berlusconi, the only thing he understands is the "art of the small deals" that bring advantages to him. Edit: I am not the only one saying this: http://www.economist.com/news/europe/21709984-americans-could-look-italy-taste-things-come-what-donald-trump-and-silvio http://www.economist.com/news/europe/21709984-americans-coul...
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- vegabook 10y agoI am not a Trump fan but your post is pure bile.
- astrodust 10y agoSpeaking as someone who suffered through four years of having a "Crack Mayor" (https://en.wikipedia.org/wiki/Rob_Ford https://en.wikipedia.org/wiki/Rob_Ford), you're underestimating the damage a person like this can cause. He's someone who lived a life so ridiculous that the movie Tommy Boy is the closest anyone can get to explaining it. The parallels are surreal. https://www.youtube.com/watch?v=RUY6lDja-DE https://www.youtube.com/watch?v=RUY6lDja-DE Rob Ford would declare things as done long before votes had even been called, he would bully people into voting his way, and then he'd declare victory. Anyone who opposed him would be ground down, harassed, and if he couldn't fire them he'd persecute them until they got out of his way or they were no longer a threat. Rob Ford didn't care what the rules were. He didn't care about decorum or tradition. He didn't care if what he said was unworkable, or if he lied, or if he offended people. He just did whatever came to mind, without question, without checking if he had the authority to. Rob Ford was born into privilege, inherited an ownership position in a company worth millions of dollars, and has never had to work a day in his life. He was famous for showing up to work at 2pm and leaving by 4. He had the audacity to brag he'd never missed a day of work on a day he was missing work because he was in drug rehab. Trump will do whatever he wants and there's not going to be anyone there to stop him. This is a man who's never been held to account for any of his actions. He has no concept of morality, nothing to keep him centered. If anyone opposes him, he'll have them fired, blackballed, or tormented until they quit either in disgust or humiliation. He'll make George W. Bush look like a wimp, a man of half-measures, of someone who had too much empathy for his opponents. If he's anything like Rob Ford, which Daniel Dale (https://twitter.com/ddale8 https://twitter.com/ddale8), who covered Rob Ford in depth during his tenure will surely attest, we're looking at multiple scandals per day. It got so bad near the end of Rob Ford's term that he'd give a press conference in the morning and have to apologize in another press conference in the afternoon and even then would almost fuck that up so badly he'd have to give another apology. This shit is real and it's ugly.
- Alex3917 10y agoSilicon Valley is about to put a third of Americans out of jobs, and rather than having the entire bay area sacked and pillaged Trump has somehow managed to shift the blame onto immigrants and minorities. Just putting things in perspective...
- muad 10y agoStop linking paywalled sources.
- n00b101 10y agoThe uncertainty is worse for highly regulated industries, like financial services. It's unclear what will happen with Dodd-Frank, FRTB, DOL fiduciary rule, etc. This has potentially large, adverse impact on consulting and RegTech firms - customers prefer a "wait & see" approach where costs and decisions are deferred during periods of regulatory uncertainty.
- AnimalMuppet 10y ago"America elects a reality TV star as president. What happens next will shock you..."