*Everybody hates Silicon Valley. Part of a series.
https://techcrunch.com/2017/10/08/dear-silicon-valley-americas-fallen-out-of-love-with-you/
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It’s no wonder that inequality is at a 100-year high, entrepreneurial activity is at a 40-year low and eight men control half the world’s wealth.
Over the past 15 years, big has crushed little in Silicon Valley, to an increasing degree. The former giant-slayers like Apple and Google have become giants themselves, shutting out or buying up new entrants.
The worst of it: you’re even controlling which ideas get out there — as we saw when Google chairman Eric Schmidt complained to the New America Foundation for criticizing the company’s monopolistic practices. The entire team got fired.
In short, your present leaders are cannibalizing your future. If a startup is raising money today, one of the first questions they’ll be asked is, “What’s your exit strategy?” Specifically, that means, “Whom among Google, Facebook and a few other companies will acquire you?” A few tech giants are dictating which problems founders want to work on, and how we’ll solve them.
The result? You haven’t produced a new firm that has cracked the world’s top 200 since Facebook’s founding in 2003....
