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One insight in the article is the financial sources that keep the startup scene in sillicon valley going. These are investors from China, sovereign funds and ma
by sytelus 7y ago
One insight in the article is the financial sources that keep the startup scene in sillicon valley going. These are investors from China, sovereign funds and massive entities like SoftBank In addition big tech with their growing war chest have ever more reasons to buy startups. All these financial sources have prevented bubble burst like in 2000 when revenues were expected post IPOs. Now you can just keep going with ever higher valuations for years.
It occurs to me that these financial sources are also why it’s so hard to duplicate SV elsewhere: this massive niagras of funding don’t exist in Paris or Austin or even London at the scale they do in SV.