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>> 2. The university endowment system combined with some of the greatest research institutions on the planet created the tech VC system that fuelled the growth
by detst 14y ago
>> 2. The university endowment system combined with some of the greatest research institutions on the planet created the tech VC system that fuelled the growth of Silicon Valley.
> 2. True but a bit irrelevant.
> [...] US is the capital of the tech world is 110% due to the success of the VC industry.
Are you disagreeing just to disagree? How is the thing you're giving "110%" of the credit irrelevant?
Access to money doesn't create success and without success that money would just go somewhere else. You can't seriously give it "110%" of the credit without looking at the reasons for the VC system and the underlying factors of the success.
- taligent 14y agoI meant the quality of the universities. It might have been important decades ago but it isn't the reason Silicon Valley is the centre of IT today. It's because of (a) money and (b) willingness of VCs to take chances and invest in companies with 23 year old CEOs and vague business plans. That sort of thing just doesn't happen anywhere else.