A Quote by Sergey Brin
When it’s too easy to get money, then you get a lot of noise mixed in with the real innovation and entrepreneurship. Tough times bring out the best parts of Silicon Valley.
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Silicon Valley, after all, feeds off the existence of computers, the internet, the IT systems, satellites, the whole of micro electronics and so on, but a lot of that comes straight out of the state sector of the economy. Silicon Valley developed, but they expanded and turned it into commercial products and so on, but the innovation is on the basis of fundamental technological development that took places in places like this [MIT] on government funding, and that continues.
There are fun parts of running a startup and not so fun parts, and Facebook handles the not so fun parts, like infrastructure, spam, sales. The real questions are, how big can 'Instagram' get? Is it 400 million, or bigger? Can it be a viable business if it is that big? These are at the top of the list for everyone in Silicon Valley.
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A lot of times when you're an investor, it's very easy to lean back and say, 'Well, people should come to me in Silicon Valley.' YC has the opposite opinion.
In most parts of the world, starting a company that goes bust is dubbed a 'failure.' In Silicon Valley, we call this 'gaining experience.' We are willing to take the risks that are inherent for innovation.
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I really knew almost nothing about Silicon Valley. I read that Steve Jobs book and watched a bunch of documentaries, and read the book about Mark Zuckerberg. I tried to learn some stuff, but there are consultants on the Silicon Valley show that know so much about it where you can get answers. To me, it's more important to get the particulars about that type of person as opposed to the specifics of the technology world.
It's easy to get jaded. It's easy to get lazy. It's easy to get too self-centric, like, 'Why me? What about my needs?' It has nothing to do with that. But you see, you are the thing you are selling whether you are a director or an actor in this business. It's very tough. The town doesn't realize that its greatest resource is its people.
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