Can There Be Another Silicon Valley?

It why is it just in Silicon Valley you know any question that starts with the word why is unbelievably hard to answer. You know why. You know we can say there's been a lot in Silicon Valley. Why that is. It's really hard to say outside of L.A. You could say maybe the weather's nice. So Silicon Valley does have law but it has better weather in most parts of the world. There's you know there was certainly a university infrastructure. There was a history where a lot of people had innovated was a sort of somewhat open culture. But I think all these things are sort of you are super super overdetermined. [36.2] [00:00:37] You know I think the I think one standard you know my guess is that one of these makes Silicon Valley work is that you have a whole series of these things that go together in just the right way so you have this infrastructure both educational and professional and services. You know the venture capital piece you have. You have a history of success. You have sort of ways in which people can mentor other people and somehow you have a lot of these these factors that come together in just the right way. But but it's possible that a lot of these things also can be negative. So you know and so you know you're the classic version of that. So there are these network effects in Silicon Valley. It's a very powerful network. The negative with a network is that you end up just in a sort of hanging out with people who are just like you. You become more homogenous you become more ape like sheep like lemming like and you end up with a sort of a wisdom of crowds which I think always leads people astray. And so there's also a lot of there's a dynamic in Silicon Valley where it is very prone to bubbles and bubble like thinking at this point. Might might My guess is that at this point I think people could actually start great companies. You know in many different places I think there is a are certain advantages Silicon Valley has all sort of disadvantages from a cost perspective and and and sort of a manic ness perspective. But I think L.A. has allays a very promising place. [1:26.0] [00:02:03] You know when one natural way is that you expect Silicon Valley you spectrum an adjacent place and there's a way in which L.A. is actually like an hour and a half away from Silicon Valley and it seen in many ways which is more natural than say Sacramento. [14.3] [00:02:18] And you mentioned education is one of the factors. [2.2] [00:02:21] You know I've been you know I've been a fairly big critic of the of the university system over the last year. Nobody here has noticed I'm sure. It's obviously the case that our. Universities are a magnet when we have a lot of the most talented people go on. [19.4] [00:02:41] There is there is some and I think and I think the question the the question that's worth asking is is you know when you're sort of read my senior year in high school where cats are people that all these like incredible aspirations incredible dreams of what they were going to be doing with their lives. And and when you look at a lot of the same people at college plus five years it's a surprising degree to which that's been beaten out of people. And you know you get an answer the why question why that why that happens. But but empirically you know one of my one of my friends told me that it was from very unusual perspective that the senior year of high school he was thinking to himself and I'm about to go that that place all of my dreams are going to get beaten out of me because this is what happens empirically to a lot of other people not answer why. And I think that that's something certainly that that needs to be resisted. I don't think everyone should drop out of college or that nobody should go to college. I'm skeptical of the one size fits all model that we have in our society where you go to jail or you go to jail. You know there's there's basically. And. And I don't have I don't have an alternate formula so I don't have like there's going to be this different formula where I don't think everyone should be an entrepreneur I think oftener is actually a terrible label. It's against the buzzword bad buzzword I think. [1:23.2] [00:04:04] But I think that I think the future will be it will be somewhat more on somewhat more heterogenous. And the analogy I've used is that I think the I think the university system today is in a crisis somewhat similar to that of the Catholic Church circa 5500 where you know you had you know you have sort of all sorts of debates and divisions between different universities you and difference between the Minicons and the Franciscans and and so on. But it was a universal church. It's a universal education system and you know it's costing more and more that the system of indulgences that is costing more and more. And you're told today that you'll be saved if you have a diploma if you don't get a diploma you will go to hell. And I think I think that you know the future will not be some. I'm not trying to create an alternate church. I think the future you know it will it will make my messages like very disturbing like that of the 16th century reformers I think people have to figure out how to save themselves which is the last thing people want to hear you're going to get beaten out of me because this is what happens empirically to a lot of other people not answer why. And I think that that's something certainly that that needs to be resisted. I don't think everyone should drop out of college or that nobody should go to college. I'm skeptical of the one size fits all model that we have in our society where you go to jail or you go to jail. You know there's there's basically. And. [1:32.3] [00:05:38] And I don't have I don't have an alternate formula so I don't have like there's going to be this different formula where you know I don't think everyone should be an entrepreneur. I think often there's actually a terrible label against a buzzword bad buzzword I think. But I think that I think the the future will be it will be somewhat more on somewhat more heterogenous. Thea The analogy I've used is that I think the full and professional and services. You know the venture capital piece you have you have a history of success. You have sort of ways in which people can mentor other people and somehow you know a lot of these these factors that come together in just the right way. But but it's possible that a lot of these things also can be negative. So you know. So you know you're the classic version that. So there are these network effects in Silicon Valley. It's a very powerful network. The negative with a network is that you end up just in a sort of hanging out with people who are just like you you become more homogenous you become more ape like sheep like lemming like and you end up with a sort of a wisdom of crowds which I think always leads people astray. And so there's also a lot of there's a dynamic in Silicon Valley where it is very prone to bubbles and bubble like thinking at this point. My my my guess is that at this point I think people could actually start great companies. You know in many different places I think there is a there's certain advantages Silicon Valley has also a disadvantage just from a cost perspective. [1:30.4] [00:07:08] And and and sort of a manic unus perspective. But I think L.A. has allays a very promising place. You know one one natural way is that you expect Silicon Valley you spectrum an adjacent place and there's a way in which L.A. is actually like an hour and a half away from Silicon Valley and it's seen in many ways which is more natural than say Sacramento. [21.1] [00:07:30] You mentioned education is one of the factors. [1.9] [00:07:32] You know I've been you know I've been a fairly big critic of the of the university system over the last year. Nobody here has noticed I'm sure. It's obviously the case that they are. Why is it just in Silicon Valley you know any question that starts with the word why is unbelievably hard to answer. You know why. You know we say there's been a lot in Silicon Valley. Why that is. Is really hard to say outside of L.A. you can say maybe the weather's nice. So Silicon Valley does have Gaza but it has better weather than most parts of the world. Know there was certainly a university infrastructure. There was a history where a lot of people had innovated it was a sort of somewhat open culture. But I think all these things are sort of are super super overdetermined. [48.4] [00:08:22] You know I think the I think one standard you know my guess is that when you make Silicon Valley work is that you have a whole series of these things that go together in just the right way. You have this infrastructure both educational our universities. Our arts magnet where we have a lot of the most talented people go there is there is there is some to think. And I think the question the the question that's worth asking is as you know when you're sort of in my senior year in high school where heads for people that all these like incredible aspirations incredible dreams of what they were going to be doing with their lives. And and when you sort of look at a lot of the same people at college plus five years it's a surprising degree to which that's been beaten out of people. And you know you get an answer the why question why that why that happens. But. But empirically you know one of my one of my friends told me that this was from very unusual perspective at the senior of high school. He was thinking to himself and I'm about to go that that place for all of my dream. [1:04.7] [9:26.7]

StartupRunner Team

July 15, 2017

Channel: Culture, Entrepreneurship, And Startup Trends