A Quote by Elon Musk
There's no better place in the world for technology start-ups than Silicon Valley; there's such an incredible well of talent and capital and resources. The whole system is set up to foster the creation of new companies.
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In 2014, Utah cities Salt Lake City and Provo both surpassed Silicon Valley in per-deal venture capital averages. From large, multi-campus companies to promising start-ups, Silicon Slopes offers a promising climate for businesses. The entire tech industry has its eyes on Utah.
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.
Silicon Valley has been a technology capital like New York is a financial capital.
Silicon Valley does not breed great technology. Instead, the smartest people from around the world tend to move to Silicon Valley.
I grew up in the Silicon Valley when it was a bunch of apricot groves, and now it's this center of incredible activity. So I have this sense of what technology has done for this region, and I want to spread it to the world.
The reason we have so much talent in Silicon Valley building and investing in for-profit technology companies is that markets richly reward successful ideas, no matter who invents them. But to remain competitive in a free market, companies must exercise discipline to meet quantitative goals and eventually become cashflow positive.
No place in the US better exemplifies the ethos to engineer new digital technologies than Silicon Valley
Sometimes it feels hard to remember that Silicon Valley is an actual place, a collage of parched suburbs, and not just the collective noun for information-technology companies.
The City of London has never been known for understanding technology and has never matched Silicon Valley's tradition of knowledgeable investment in technology start-ups, just as the U.K. government has never matched the vast investment made by the U.S. government.
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.
I believe that Silicon Valley is truly a place of excellence and the impact of this tiny community on the world is completely disproportionate to its size. We are the undisputed leaders of technological change. But with our abundance of talent and resources, we also have the opportunity to be the pioneers of social change and, ultimately, this may be our greatest contribution.
Silicon Valley isn't the only game in town. Tech is increasingly decentralized. Around the world, new tech centers with younger companies are able to embrace a different approach to talent: recruit locally, identify homegrown prospects and, in a phrase, bring them along for the ride.
The problems that you see startups tackling are dramatically different in different cities. Silicon Valley is unlikely to produce the same set of companies as New York or Cleveland because the region has a different set of strengths and defining institutions.
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.
This is what engineers in Silicon Valley typically do. "Ok, well, of course there are some problems of our technology because it is so excellent and is so global so we are just gonna build a better one."
There is more interest in what is occurring in technology companies that impact news. Such companies don't have the same sense of transparency about what they do. They have a tradition of secrecy about products, mores and decision-making that goes along with Silicon Valley and intellectual property and technology. You cannot step onto the grounds of Google without signing a Non-Disclosure Agreement. That industrial secrecy mentality exists along with a theoretical sensibility about transparency on the Web, which is different than transparency inside companies that profit from the Web.
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