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Don’t forget lower wages. Capital can go a lot further in China than in Silicon Valley. Frankly, I also see Chinese VCs being more open minded about what’s inve

Don’t forget lower wages. Capital can go a lot further in China than in Silicon Valley. Frankly, I also see Chinese VCs being more open minded about what’s investible. Silicon Valley feels a bit like the British Emplire at its sunset.

adventured 9y ago
> Silicon Valley feels a bit like the British Emplire at its sunset. That general premise has been widely forecast at least three or four different prominent times across the last 40 years in Silicon Valley. There was a time in the 1980s that it was supposedly dying. In the early 1990s it was supposedly dead. In 2001 it was supposedly dead. The sun isn't setting this time either. There is no competition for Silicon Valley anywhere on earth on the horizon. China does not directly compete with Silicon Valley. The notion that they do, is entirely a myth. China's tech companies are trapped inside of China (that's why Baidu never actually proceeded to challenge Google globally, which used to be widely expected). US tech companies get the rest of the world to play in. Talent that is drawn to Silicon Valley, isn't going to China instead (plenty of it that is local to China may be staying home in China rather than moving to the US). China is dramatically less welcoming to foreigners than the US is. The US hands out a million green cards per year. It's almost impossible to become a citizen in China as a foreigner. Not to mention that little problem of China having few human rights, near total state censorship and an aggressive dictatorship that has been rapidly revoking the few rights they acquired. It's so bad, they're banning joke apps in China now, because apparently, according to the Communist Party, jokes are contrary to Socialism. [1] [1] https://advox.globalvoices.org/2018/04/11/no-laughing-matter-china-shuts-down-popular-joke-sharing-app/ https://advox.globalvoices.org/2018/04/11/no-laughing-matter...

adventured 9y ago

> Silicon Valley feels a bit like the British Emplire at its sunset. That general premise has been widely forecast at least three or four different prominent times across the last 40 years in Silicon Valley. There was a time in the 1980s that it was supposedly dying. In the early 1990s it was supposedly dead. In 2001 it was supposedly dead. The sun isn't setting this time either. There is no competition for Silicon Valley anywhere on earth on the horizon. China does not directly compete with Silicon Valley. The notion that they do, is entirely a myth. China's tech companies are trapped inside of China (that's why Baidu never actually proceeded to challenge Google globally, which used to be widely expected). US tech companies get the rest of the world to play in. Talent that is drawn to Silicon Valley, isn't going to China instead (plenty of it that is local to China may be staying home in China rather than moving to the US). China is dramatically less welcoming to foreigners than the US is. The US hands out a million green cards per year. It's almost impossible to become a citizen in China as a foreigner. Not to mention that little problem of China having few human rights, near total state censorship and an aggressive dictatorship that has been rapidly revoking the few rights they acquired. It's so bad, they're banning joke apps in China now, because apparently, according to the Communist Party, jokes are contrary to Socialism. [1] [1] https://advox.globalvoices.org/2018/04/11/no-laughing-matter-china-shuts-down-popular-joke-sharing-app/ https://advox.globalvoices.org/2018/04/11/no-laughing-matter...