3 ms·
How many of the employees in these companies that make the GDP so high were born, raised, and educated in California? You know damned well that it's not many.
by JPKab 5y ago
How many of the employees in these companies that make the GDP so high were born, raised, and educated in California?
You know damned well that it's not many. California is a success because of immigrants from other countries and states. Think about the founders of the current top valuation tech companies in California. How many were raised in California? Zuck? Nope. Maryland. Sergey Brin? Nope, educated in Maryland as well. Larry Page? Nope, raised and educated in Michigan. Steve Jobs was educated in California, 60 years ago, so you've got that. Not relevant to this conversation. What about his successor Tim Cook? Oops, he was raised and educated in Alabama. Reed Hastings? Nope, raised and educated in Boston.
So while the above proves your final point, it basically highlights the fact that California does well for structural and historical reasons, like the fact that many VCs required any company they invested in to relocate to the Valley, and other things like network effects.
- reducesuffering 5y agoPeter Thiel, Reid Hoffman (LinkedIn), Ben Horowitz (a16z), and many more. While you have some point, the Bay Area only raises so many kids while it's economic engine is unprecedented in attracting intelligent folks from around the world.