In Silicon Valley, it is believed that lost money or goods can be reclaimed, but not a lost moment, writes HS Vision columnist Mårten Mickos.
Silicon Valley residents leave the sinking ship and move to Texas, Florida and Europe. The cost of living and living has skyrocketed. Taxation is tightening. Society is unable to deal with its problems, let alone its basic services. Earthquakes are a constant risk and autumn wildfires with poor air quality are an increasingly certain fact.
Thanks to the pandemic, there is no longer a need to show up at the office, so the employee is free to choose where they live. Several companies, such as Oracle and Hewlett-Packard Enterprise, and a number of celebrities, including Elon Musk.
From these signs one could conclude that the dominance of Silicon Valley is nearing completion. The brain drain has begun. It was fun as long as it lasted.
However, Silicon Valley is no longer a place but an idea. As Silicon Valley’s world of thought settles elsewhere, so does the development of technology and the growth of new global businesses out of the California sun. The time in Silicon Valley is over.
Or is it?
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Whoever gives up his dream of losing his ability to add value.
Silicon Valley is also a haven for creative destruction. Deep in its culture is the perception that what is destroyed opens up the possibility of growth for something new and even better. Bubbles form and burst, crises come and go. Reconstruction is bolder than what it replaces. There are unlimited financial, personal and natural resources.
Only one thing is limited: time.
The faster the destruction happens, the faster we can build a new one. Lost money or goods can be earned back, no lost moment.
It is also sacred to dream. Everything can be given up, but not dreams. Whoever does so loses their ability to add value.
The strength and strength of Silicon Valley lie in these beliefs. An earthquake could destroy buildings and roads. A wildfire can burn homes and relocation can take a financial toll. But nowhere else is there such a speed of recovery as in Silicon Valley. Nowhere else are dreams and their wearers equally welcomed.
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The emigrant has often already achieved what he came to pick up from Silicon Valley.
Depending on the calculation method, about 5–7 million people live in the Silicon Valley economic area. If tens of thousands move away, it won’t even be noticed. If hundreds of thousands move out, there will be plenty of vacant homes and offices left. There are hundreds of millions of people in the world who have a dream for Silicon Valley. If there is an opening left in Silicon Valley, it will fill up quickly.
Often it is thought that Silicon Valley will be moved out due to expensive housing costs. It is true that emigration is often due to money savings. On the other hand, the main reason for moving may be that the migrant can afford to leave.
A person who has already built a career or business or achieved a high level of know-how can move away. The emigrant has often already achieved what he came to pick up from Silicon Valley. So it is natural for him to give up and be replaced by new hungry ones.
It is possible that the current huge changes in the geographical locations of technology companies are not a sign of the loss of Silicon Valley but of its strengthening.
If dozens of little silicon valleys rise to the world in the next few years, what would be a natural place for them to face?
What area could become a global marketplace for silicon valley ideas, products and finance? What would be Silicon Valley Silicon Valley?
The San Francisco area, of course. It is a place of dreams, tolerance, excellence and exchange.
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