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Two nit picks: 1. Innovation over the past couple centuries has not spread evenly. Cities always got a disproportional deal. That is why even today small towns
by biohacker42 18y ago
Two nit picks:
1. Innovation over the past couple centuries has not spread evenly. Cities always got a disproportional deal. That is why even today small towns all over the developing AND developed world are still losing people to the big cities.
2. A big part of the high-tech startup concentration seems to be VC clustering. But if startups are to be a truly revolutionary change I hope we get away from the investor model and move closer to the paying customer model. And this would make the valley's regional advantage smaller.
- olefoo 18y agoEspecially nowadays, with the direct costs of a web-based software startup approaching zero; there is no reason for fincanciers to be the bottleneck. When three motivated people working out of their homes can build a fully functional site; the direct costs to the founders aren't that different from their living expenses and there is no need for large amounts of capital until after product development is completed. The main advantage of regional hubs is that of social density; easy access to expertise and enough demand for experts that they can survive and thrive.