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Is there a city now without a 'tech' scene? From Milwaukee to San Juan - incubators, co-working spaces, education initiatives, financial & tax incentive program
by AJ007 12y ago
Is there a city now without a 'tech' scene? From Milwaukee to San Juan - incubators, co-working spaces, education initiatives, financial & tax incentive programs, all proclaiming they will grow the entire local economy out of whatever doldrums it sits in.
In terms of bubble, the low yields on junk debt globally are a really, really big problem. An angel investment in a small startup that folds, or a VC investment in an instant unicorn (term I saw on TC recently) that imploads, your money goes to $0. Or maybe you lose 50%, 60% on a public tech company. On debt, this will impact everything from the money markets holding business and individual cash to the institutions, both public and private, that think business is good because they depend on high risk low cost finance to perform their day to day operations. 2015+ is very scary even for bears.
- dataker 12y agoIndeed, even Detroit has a considerable startup scene: http://www.fastcompany.com/3014543/detroit-is-going-bankrupt-but-its-tech-community-is-going-strong http://www.fastcompany.com/3014543/detroit-is-going-bankrupt...