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Silicon Valley's value is in innovation. Oracle doesn't innovate, and Amazon's in Seattle anyway. There's really nothing that matters as far as any of the cloud
by caslon 6y ago
Silicon Valley's value is in innovation. Oracle doesn't innovate, and Amazon's in Seattle anyway. There's really nothing that matters as far as any of the cloud companies; they're valueless.
- busterarm 6y agoWas. Now it's just a myth that people perpetuate. What SV has now is a bunch of greedy people looking to give money to ideas. It's not that SV technologists are innovators anymore, it's just that they are in proximity to money. Now the business people and their greed and money are leaving SV en masse. What does it have left?
- caslon 6y ago"give money" This isn't what happens. SV worked fine before there was money there, they'll work fine after. No VC is going to stop throwing money with conditions at people in the Valley, because they're not stupid, and they know how to make more. They're just going to tell other people to leave.
- busterarm 6y agoCapital is cyclical and we're moving out of the phase that's favorable to VCs literally right now. We're in a consolidation period and winners/losers are going to be picked very soon. Funding has been slowing down a lot.
- caslon 6y agohttps://news.crunchbase.com/news/global-2020-funding-and-exit/ https://news.crunchbase.com/news/global-2020-funding-and-exi... Global VC Report 2020: Funding And Exits Blow Past 2019 Despite Pandemic Headwinds