Silicon Valley has passed product-market fit now. That means all the rules need to change. My latest article in @forbes
https://www.forbes.com/sites/nicolascolin/2019/02/24/silicon-valley-fits-its-market-now-time-for-a-new-playbook/#69fc11cff3f5 …
Cc @kimmaicutler @IanHathaway @timoreilly @Moonalice @billjaneway @JonathanTaplin @RanaForoohar @Benioff @antoniogm @alexisohanian
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Replying to @Nicolas_Colin @Forbes and
Great points! Reminds me of what Jaron Lanier said:http://nymag.com/intelligencer/2018/04/jaron-lanier-interview-on-what-went-wrong-with-the-internet.html …
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Replying to @NowhereLikeNow @Forbes and
Except I don’t think Silicon Valley turned into something else. It stayed exactly as it was, when in fact it should design a new playbook now.
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Replying to @Nicolas_Colin @NowhereLikeNow and
Really? Silicon Valley today is VERY different from what it was in the 80s, and early 90’s, and even from 00’s. Closest to the late 90s, pre-dot com bust. Lots of financial instruments masquerading as companies, sold like CDOs masquerading as high-grade securities
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Replying to @timoreilly @Nicolas_Colin and
I think a reasonable chunk of the tech problems we are encountering are probably due to the excess of cash slushing among the very rich—fueling asset bubbles here, terrible product ideas there, regulatory plays here, buying politicians to repeat the cycle there...
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Sub-prime crisis has antecedents in the first dot-com bust. This much excess money in too few hands chasing returns... bubbles up again and again.
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