China is Next Silicon Valley, Stanford Professor Believes

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Is China really the next frontier?

Is China really the next Silicon Valley? As much as I respect Steve Blank opinions, I don’t think so.

As Blank pointed it out in his magistral lecture yesterday about “The Past, Present, and Future of Silicon Valley” at the AlwaysOn Summit at Stanford, the problem for all the other Silicon Valley wannabes is first and foremost, the lack of a risk taking culture. “Silicon Valley was done by cowboys, not accountants. And even the investors were cowboys,” Blank adds.

But, in fairness, the lack of risk-taking doesn’t really apply to China, where “capitalism has gone wild.”

But there’s more than just a strong – but controlled – capitalism spirit, an “obscene pile of money,” a successful “manufacturing engine,” and the ability to educate the masses to spur innovation, Silicon Valley-style.

The missing ingredient? I believe Freedom – political, spiritual… – is as important to create this sense of purpose, compassion and community which could nicely be summarized by this Silicon Valley belief that “the sky is the limit.” Not the case in China today.

Filed under: economy, news, startups Tagged: AlwaysOn, sas10

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