ILICON VALLEY has always been more of a mindset than a place. Its defining feature is a willingness to make high-risk investments in promising but unproven technologies. As it has cycled through technologies—from personal computers and the internet to smartphone apps and cloud computing—its bearings have shifted. Pushed by the pandemic, it is on the move again, in several respects.
For a time it was easier to find leading VC s in bars in Napa Valley, a wine region to the north, than in San Francisco . Tech workers who can work remotely for the foreseeable future have decamped to Marin County, also to the north, and Lake Tahoe to the east. Startups, meanwhile, are looking for their proverbial garages much farther afield. To make their funds last longer, many have rented Airbnbs in cheaper places.
Yet the most important realignment is financial in nature. The tacit understanding between west- and east-coast business elites over how to share the spoils of tech investing is under threat. The key element of that deal has long been initial public offerings. They are designed so that investors in private markets, mostly VC s and related entities, can cash out while letting investment banks, and institutions active in public markets, make money from flotations.
Trash can of history ASAP 🗑 👌💯✅
What will always remain valid in the 21st century
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Simple! Where there is plenty of money!!!!
It's also clear that they run the country
When you are Born Again, your Personality and Character Must Change.
this is terrible news Merry Christmas))
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