Interesting read — there are always the ‘predictors’ of Silicon Valley and its big wins and big losses. If you today look at the tech industry as a whole, do you believe Silicon Valley, as we have known it, is over? I heard many of the same kind of arguments in late 1970s and early 1980s, following the economic issues then. So far, Silicon Valley appears to have had several “lives”, re-inventing itself after each strong pummeling. What do you think is going to happen this time? Small business
Excerpt: And this weekend when David Sacks accidentally unleashed a shitstorm on his Facebook page when he wrote that Silicon Valley as we knew it may be over, he was also being rational. His reasoning was this:
I think silicon valley as we know it may be coming to an end. In order to create a successful new company, you have to find an idea that (1) has escaped the attention of the major Internet companies, which are better run than ever before; (2) is capable of being launched and proven out for ~$5M, the typical seed plus series A investment; and (3) is protectable from the onslaught of those big companies once they figure out what you’re onto. How many ideas like that are left?
Read full article via David Sacks’ Argument Is Rational, It’s a Good Thing Silicon Valley Isn’t | PandoDaily.