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This is an incredibly blinkered view. Even if you think the US is saturated, which I doubt, there's a literal entire world out of there, many parts of which ar
by 9nGQluzmnq3M 7y ago
This is an incredibly blinkered view. Even if you think the US is saturated, which I doubt, there's a literal entire world out of there, many parts of which are still taking their first baby steps onto the Internet. Places like Indonesia and Vietnam are growing their "internet economy" (money spent online) at 50+% CAGR, and COVID is accelerating many (not all) companies in spaces like e-commerce or online collaboration.
https://www.temasek.com.sg/en/news-and-views/stories/future/Southeast-Asia-accelerating-internet-economy https://www.temasek.com.sg/en/news-and-views/stories/future/...
- 0xfaded 7y agoThe question then becomes is SV the best place for technology to be built for India/Malaysia/Vietnam or others. My guess is that the answer is no, and after the success of China we'll see protectionist policies that ensure that the answer is no. A lot of the power of US companies comes from US branding, which I think still holds at the individual consumer level. But at the country policy level, is the US still the gold standard that developing economies should aspire too? It was pretty clear to people living in the west that cracks have been forming for a long time, but the COVID situation has enough propaganda potential paint various government structures in a different light.
- draw_down 7y agoIt doesn't have to be built in SV, SV just wants to make the money. They're happy to put offices in Hyderabad, Singapore, Hong Kong (maybe), wherever works, staff the offices up and build there.
- ric2b 7y agoUnfortunately the parts of the world that are now coming online are mostly poor countries that won't increase revenue by much, at least for a few decades.