Rohan Silva, the Downing Street wonk behind the fabulous soaraway Silicon Roundabout, is leaving politics to join a venture-capital firm closely associated with his biggest initiative. As the Prime Minister's 33-year-old special policy advisor, Silva branded the name Tech City on the cluster of small businesses huddled around …
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So the plates of Holland, made of cheap cheese, will eventually submerge London ? Followed by a fire beneath the cheese-plate, which will then slap a speckle of raclette into the face of each and every human being on this Blue Ball Of Crap ?
Indeed, these Hollanders are masters of High-tech witchcraft !
Picture of a Cheese-Plate made by a geostationary satellite.
Bull shit artists ..... they are everywhere, although venture capitalism is an odd bed fellow for them.
I suppose though, that does leave a vacancy for someone who actually has entrepreneurial talent and can really make a go and a mega splash in the virtual environment.
Whom does one directly engage with in current government to discuss terms and conditions, opportunities and zeroday vulnerabilities to exploit and export with launch and control, so as to avoid the embarrassment of another public failure in a novel market sector? Or are there hoops to jump through and lackeys to bamboozle with things way above their pay grade, which is a really odd way of trying to do great business, which is probably why business is so bad and all the best brains be elsewhere and off shore?
This is not a real entrepreneur, rather a useless p' artist who they will regret hiring. The conservatives, like most political parties are wasters and con artists who have no clue about genuine Capitalism; the prevalent Corporatist crony 'Capitalism' has a limited lifespan before is crashes and burns.
Service industry pushing is cretinous because the real wealth is generated by manufacturing, as Germany, Switzerland, and China well know; yes even Switzerland makes most of its money from manufacturing, not banking, or other vapid services, that is why Switzerland is an active participant in the devalue your currency war!
"...there is no evidence that clusters of successful tech companies can be willed into existence by state intervention."
That's very true.
"They tend to form around high-quality universities whose bright graduates have access to capital: for example, Stanford in California, and Cambridge and Manchester in the UK."
No, this is not always true. Most of the time it is the other way round i.e. companies setup offices to attract talent from good colleges.
Real startup eco-system is formed around large project(s) that is/are viable and has specific goals. The Silicon Valley did not form with blink of an eye because the US government/jobless investment bankers infused cash or promoted hype. It sprung to life because the US government had very specific goals and requirements. The requirements were to do R&D in the field of defense and space (and to claim political victory over the USSR). This US government requirement gave birth to some big defense and space research companies. The side effect of this was that lots of small companies (startups - both hardware and software) sprung around these big R&D firms to help them in the project. And this generated lots of perpetual growth i.e. old firms dying and new ones taking their place. The US government did not "start" Silicon Valley. It was an organic growth in a desert like place far away from New York or Washington (and very far way from investment bankers!). I hope the kids that are advising No. 10 atleast read the history of Silicon Valley before snapping the word "Silicon" in front of every dead or alive thing to make it sound cool! The government is getting into this hype machine because they achieve two things with this "policy", one they want a way to rehabilitate the bankers in London who have become jobless(and useless), and the second, they want to give a phony sense of "job creation" to the general public!
"As they say, it's all about who you know."
Very true! In this setup if you have an investment banker on your side, then even a 16 year old can become a millionaire within a year or two without any tangible creation!
This phony growth is going to come down as a house of cards one day and we will be left to pickup the pieces as we are doing now as a result of the follies of the bankers few years ago.
My maths teacher once said to the class: "Kids, you will soon realise when you venture into the real world outside that common sense it not a common thing!"