The Abundance of Silicon Valley

Re:The Abundance of Silicon Valley by bitwize on Friday October 16, 2020 @02:11PM (#24803413)

Silicon Valley survives because VCs with more money than they know what to do with like the local weather. It's like Hollywood, which has had many boom and bust cycles of its own, yet it's always there because the people with the money decide to stay, so that's where you go if you want your film project financed.

[ Parent | on HN ]

Re:The Abundance of Silicon Valley by jbay808 on Friday October 16, 2020 @02:14PM (#24803439)

Do the VCs tend to insist that the projects they fund are also located in the Valley? If so, why?

[ Parent | on HN ]

Re:The Abundance of Silicon Valley by tick_tock_tick on Friday October 16, 2020 @02:28PM (#24803587)

Lots of them do or at-least require the project to move here. It's not for a nefarious reason but rather to help them. If they need advice, more engineers, a CTO, some PR people, etc the VC has all their connections here so bringing the project here is more feasible.

[ Parent | on HN ]

Re:The Abundance of Silicon Valley by tolbish on Friday October 16, 2020 @02:21PM (#24803512)

It's not so much insisting as it is the path of least resistance.

[ Parent | on HN ]

Re:The Abundance of Silicon Valley by bitwize on Friday October 16, 2020 @02:26PM (#24803565)

It's just that things tend to happen much more quickly, easily, and serendipitously if you live in the VCs' neighborhood. It's the same thing as why people advocate for being physically in the office, for face-to-face meetings and "passing in the hall" moments.

[ Parent | on HN ]

Re:The Abundance of Silicon Valley by stainforth on Friday October 16, 2020 @04:36PM (#24804785)

VCs have some set percentage invested in commercial and residential real estate there as well as a hedge

[ Parent | on HN ]

Re:The Abundance of Silicon Valley by ryandrake on Friday October 16, 2020 @07:18PM (#24805934)

I think I read on HN a while back that Silicon Valley is mostly a gigantic wealth transfer from investors to landlords by way of tech workers.

[ Parent | on HN ]

Re:The Abundance of Silicon Valley by cvhashim on Friday October 16, 2020 @02:44PM (#24803762)

Hollywood is an artificial monopoly. I just hope with the recent surge of more "indiehackers" and bootstrapped businesses, it means VCs arent held up as arbitrary gatekeepers to capital and starting a startup.

[ Parent | on HN ]

Re:The Abundance of Silicon Valley by gamblor956 on Friday October 16, 2020 @03:06PM (#24803957)

Hollywood is not a monopoly. There are thriving movie industries in other countries and even with the US (see NY and Georgia, for example). Hollywood is simply the biggest and most successful of the movie industry centers.

There is also an entire system of independent film studios and theaters in the US.

[ Parent | on HN ]