Posted on 08/31/2018 8:09:26 AM PDT by SeekAndFind
The Economist has a fine cover story on the decline of the Silicon Valley, warning that its famed garage start-ups are fleeing to places such as Fort Lauderdale and Pittsburgh. Here's its title leader: Why startups are leaving Silicon Valley, which sums the problem up as this:
Its combination of engineering expertise, thriving business networks, deep pools of capital, strong universities and a risk-taking culture have made the Valley impossible to clone, despite many attempts to do so. There is no credible rival for its position as the world’s pre-eminent innovation hub. But there are signs that the Valley’s influence is peaking (see Briefing). If that were simply a symptom of much greater innovation elsewhere, it would be cause for cheer. The truth is unhappier.
It's a pretty good article for giving the lay of the land over there if you aren't all that familiar with it (Facebook median salary is $240,000, Silicon Valley hosts three of the five most valuable companies in America, the valley has gone through multiple cycles of Schumpeterian creative destruction, etc). And, it warns, likely accurately, that Silicon Valley is losing its preeminence because it's losing its start-ups, the newly formed businesses that in Silicon Valley, often become big businesses that change the way we live. Try starting a computer company in a garage now in a place where an ordinary home costs more than a million, and it's not going to happen.
But it leaves out the most obvious factor for chasing away startups: California's hideous one-party state and the high taxes, green laws, and general regulations that have made operating a fresh start-up business such a hell.
(Excerpt) Read more at americanthinker.com ...
Kill the goose that laid the golden egg
I don’t think it’s just about the cost of housing. When the Powers-That-Be in Silicon Valley were just staring out there were no boundaries to fight over. The new, younger, smarter folks are now facing a barrage of lawyers from the Powers-That-Be just to keep them from even getting a toehold in any game. So common sense would have them heading out to other areas where they can at least start up something without anyone breathing poison air upon them. Human nature rears its ugly head all the time; those that have the currently have the Power never want to risk a newer stronger opponent.
Reap what you’ve sown, a**wipes.
They invited in nasty Maharajas who, conditioned to a caste system, feel very comfortable padlocking the nearby beach - “I feel like I OWN it, and $10k in daily fines, you say..? MEH..!”
And the authorities let the titans get away with it.
It’s like THEY WANT a two-tier system.
The problem isn't really just Martin's Beach and Vinod Khosla.
What created Silicon Valley was open markets and a certain openness.
Big ownership parts of SV have decided maybe that's threatening --maybe that's not what's good for them anymore.
It's cartelized and ururious, like Facebook and Google slamming the door on anyone they don't like, there's NOTHING Conservative about that.
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My son owns a business in Mountain View, he is living the nightmare, but that is where his customers and his investors are. They are working hard to be able to move their operation to more friendly climes, but that will probably take a couple more years.
Well, your son seems to be doing well...
Questions, does he own his own home?
If so, he must be a millionaire in terms of asset....
How rich states fall prey to idiots and elect them over and over
by MoonBeam
Coming soon to the Oprah book of the month club
Nope, can’t afford a home, they will have to move to buy a home. The house that they live in is a typical 1970’s California suburban home, and still comfortable, but has not been updated/upgraded in order to avoid a new tax assessment. They would have to spend $1.5 m to buy it.
The grasshoppers are wondering why all the ants are leaving.
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