Re:Will Silicon Valley remain the best hub of tech in the ne...
by Jabanga on Sunday June 25, 2017 @07:32PM
(#14632837)
I think without a doubt it will remain the best tech hub in the world.
The change that may occur is that Silicon Valley, while remaining in the lead, will see its centrality diminished by the emergence of decentralized funding using ERC20 tokens, aka the token sale model, which is quickly approaching traditional venture capital volumes [1].
I don't believe this would hurt SV's economy, as the decline in funding friction, while having very geographically distributed direct benefits, will have the second order effect of expanding the tech sector, and with it, tech companies operating in sectors not currently amenable to these new nontraditional enterprise structures and funding models.
The change that may occur is that Silicon Valley, while remaining in the lead, will see its centrality diminished by the emergence of decentralized funding using ERC20 tokens, aka the token sale model, which is quickly approaching traditional venture capital volumes [1].
I don't believe this would hurt SV's economy, as the decline in funding friction, while having very geographically distributed direct benefits, will have the second order effect of expanding the tech sector, and with it, tech companies operating in sectors not currently amenable to these new nontraditional enterprise structures and funding models.
[1] https://en.wikipedia.org/wiki/List_of_highest_funded_crowdfu...