Equity crowdfunding is now "live," or getting there. This will bring more money in at the seed stage. I wonder how this will affect the larger ecosystem?
Seems like we might see a shift away from a few "unicorns" to an ecosystem with more smaller to medium sized companies trying more things. That's probably good, and is probably more likely to produce more Googles and Facebooks than betting the entire farm on a few dozen over-inflated ventures.
Of course the future is also likely to be more geographically diverse. Silicon Valley might no longer just be in Silicon Valley. That's also a good thing.
A Turkish coworker told me, upon receiving representatives of a tech incubator from Istanbul: "In 2000, everyone wanted to be in Silicon Valley. Today, everyone wants to be Silicon Valley."
That's not true yet, not by a long shot, but I hope we get there soon.
I do not. People who do not work in tech are being priced out of the area left and right. I'd like to see more startups sprout up in places like Austin, Chicago or better yet Charlotte. Better yet, start a company with remote working being the default from day 1 - makes recruiting the right talent much more straight-forward.
That's what the quote means, though. He saying, that people from many cities are trying to build their own version of Silicon Valley there, with local startup environments.
Personally think a decent chunk of SV is not worth emulating. Hoping to see a new city blaze their own trail w/o the drawbacks of SV (gentrification, 0 work-life balance, ratio of men/women, same people talking about the same topics (e.g. "oh you work in tech, too?! How unique")
I'm always intrigued when I hear about 0 work-life balance in SV. Maybe I've gotten lucky, but I've worked at a small startup (first 10 hires), a medium sized startup (150 people), and a big tech company (10k people) and at all of them I was able to be home by 6pm every day, even with an hour commute, to spend evenings with my family.
Seems like we might see a shift away from a few "unicorns" to an ecosystem with more smaller to medium sized companies trying more things. That's probably good, and is probably more likely to produce more Googles and Facebooks than betting the entire farm on a few dozen over-inflated ventures.
Of course the future is also likely to be more geographically diverse. Silicon Valley might no longer just be in Silicon Valley. That's also a good thing.