3 ms·

I dont think SV happened because of non regulation of the software industry. Ut happened because of cheap and plenty of VC money.

• twblalock 4y ago
  > Ut happened because of cheap and plenty of VC money. Ok, so why didn't other countries have "cheap and plenty of VC money" at the same time? Why not the UK, or Germany, or Japan? Of all the rich countries that existed in the world at the time, why did only the US develop a Silicon Valley type of situation? It was never about money -- plenty of other countries had rich investors. It was about willingness to take risk. US venture capital was unique in the world at that time, and it was because of their culture.
  • hcho 4y ago
    I think you are underestimating how bad rest of the world had it during those years. UK for example was still rationing food.
  • detourdog 4y ago
    Most of the money came from defense spending to create sophisticated weapons. They just followed the development of ideas that were successfully employed during WW 2. The USA’s isolation from the devastation of the war and capture of the opposing sides best minds laid the ground work for the USA’s Great Leap Forward.
  • w1nst0nsm1th 4y ago
    I just watched a 3 episodes serie documentary about US space program from the first satelite in space (USSR) to the landing on the moon by Armstrong and Aldrin... It seems part of Silicon Valley culture and technological breakthrough came from people coming from industries involved in the space program. Space program has been the real kick-starter of VC. No other countries (except USSR) had such program.