In 2020, Is Silicon Valley Still the Best Place to Start a Startup?
This time it’s (not) different
If you’re doom scrolling through VC Twitter these days, it’s easy to come to the conclusion that Silicon Valley is dead and gone.
Especially, if you’re a founder reading these tweets and articles, it’s easy to conclude that it’s no longer a good idea to start a startup in Silicon Valley. “Silicon Valley, America’s signature hub of innovation, may never be the same.” The Wall Street Journal concludes.
But, reading these articles made me think, haven’t we been here before? And sure enough, we have!
We’ve been here before
2009, Wall Street Journal
Did I wake up this morning in 2002? A story in today’s WSJ chronicles the rapid demise of high-tech start-ups in Silicon Valley…
2011, The Economist
SOME time after the dotcom boom turned into a spectacular bust in 2000, bumper stickers began appearing in Silicon Valley imploring: “Please God, just one more bubble.” That wish has now been granted.
2018, New York Times
Steve Case, the founder of AOL, has pledged to invest mostly in start-ups outside the Bay Area, saying that “we’ve probably hit peak Silicon Valley.”
2018, The Economist
Silicon Plateau — First, the evidence that something is changing. Last year more Americans left the county of San Francisco than arrived. According to a recent survey, 46% of…