What makes Silicon Valley really work? It's a unique combination of great educational institutions - especially at Stanford - that generate engineers and a culture that starts companies.
Google has been amazing at acqui-hiring, buying small companies for the engineers. I think in the competitive market of Silicon Valley, it's really a good way to do it. Big acquisitions often don't work out.
Growing up in Silicon Valley, during my time at Morgan Stanley and as a member of Stanford's Board, I've had the opportunity to experience firsthand how tech companies can help people in their daily lives.
What created Silicon Valley was a culture of openness, and there is no future to Silicon Valley without it.
The energy in Silicon Valley is because of the very talented engineers immigrating from around the world, especially Indians and Chinese. They are the best engineers, and Japan doesn't have enough of them.
Silicon Valley does not breed great technology. Instead, the smartest people from around the world tend to move to Silicon Valley.
When screening engineers from other companies, its smart to value engineers from great companies more than those from mediocre companies.
It's almost a cliche that great Silicon Valley entrepreneurs don't go sit on a beach when they make a lot of money; they get back to work building another company or at least investing in other people's companies.
More and more major industries are being run on software and delivered as online services—from movies to agriculture to national defense. Many of the winners are Silicon Valley-style entrepreneurial technology companies that are invading and overturning established industry structures. Over the next 10 years, I expect many more industries to be disrupted by software, with new world-beating Silicon Valley companies doing the disruption in more cases than not.
If the Ivy League was the breeding ground for the elites of the American Century, Stanford is the farm system for Silicon Valley.
Indian software engineers are the best in the world; even in Silicon Valley, the best software engineers are Indians.
Silicon Valley has some of the smartest engineers and technology business people in the world.
I've actually found the image of Silicon Valley as a hotbed of money-grubbing tech people to be pretty false, but maybe that's because the people I hang out with are all really engineers.
In the ideology of the new Silicon Valley, work was for the owned. Play was for the owners. There was a fundamental capitalism at work: While they abhorred the idea of being a wage slave, the young men of Silicon Valley were not trying to tear down the capitalist system. They were trying to become its new masters.
Japan will change. Let's create a country where innovation is constantly happening, giving birth to new industries to lead the world, when I visit Silicon Valley I want to think about how we can take Silicon Valley's ways and make them work in Japan.
The Silicon Valley companies are not understating that they are so politically and socially and culturally central in the world. They would probably never have thought that they would become like this. But now that they are, what are they gonna do about it? I have a lots of friends who work in these companies: it's about taking responsibility.
There are three pillars, regardless of your work culture, whether you're in Silicon Valley or on Wall Street: how you look, how you speak, and how you behave. It's all three things, and nailing them makes you a contender.