Silicon Valley is known for both unicorns and blackswans. What political, social and economic ideas shape the culture of Silicon Valley today?

Group members: Jia Rong, Jerry Tun Lin, Karina

 

 

 

 

 

 

 

 

Times Square NASDAQ” by whale05 is licensed under CC BY-SA 2.0.

Economic

The Nasdaq (NASDAQ) stock market in the United States has created favourable conditions for the listing of Silicon Valley companies. The vast majority of Silicon Valley companies are not profitable when they go public and are therefore ineligible to list on the New York Stock Exchange (NYSE). So the Nasdaq stock market opened the door for these companies to go public. The listing of a company is a way to raise funds through the capital market, and listing is the main driving force to motivate entrepreneurs.

Intrinsic factor: About one-third of all venture capital funds in the U.S. operate in Silicon Valley, currently totalling about $1.2 billion. These venture capital funds have provided important assistance to the early development of high-tech companies. With the participation of venture capital funds, it can also provide professional guidance and assistance for the operation and management of high-tech companies, so that they can get on the right track as soon as possible, which helps to overcome the shortcomings of researchers’ lack of management experience.

-External factors: The role of the government is mainly reflected in the formulation of land planning, the identification of different uses in various regions, and the creation of conditions for high-tech development. For example, the north of Silicon Valley was originally used for agricultural land. According to the land use and development of high-tech companies, the government planned it as land for technological development, and promptly carried out infrastructure construction, establishing a public transportation system and service system, and creating conditions for the entry of high-tech companies. , now the region has gathered more than 3,000 high-tech companies. In addition, the government has also formulated relevant policies to provide commercial loan guarantees for eligible companies and reduce or exempt certain taxes; provide special services for small enterprises to help train their employees; provide assistance for the establishment of enterprises, etc.

Cold War 01, Introduction” by The National Infantry Museum and Soldier Center is licensed under CC BY 2.0.

Political

If there is a road map for how Silicon Valley can develop its particular political brand, it begins with the Cold War, travels through the counterculture of the 1960s, and moves toward a future dominated by artificial intelligence. It is a collection of seminal speeches, papers and books that helped shape Silicon Valley politics at three different times in its history.

Fred Turner from Counterculture to Web Culture: No one has documented the origins of Silicon Valley philosophy better than Stanford professor Fred Turner. His book follows the fusion of American wartime cybernetics researchers and 1960s counterculture into today’s libertarian, techno-utopian fusion to forge a technological frontier. As an update, Turner’s paper Burning Man at Google (PDF) provides a glimpse into how alternative societies in the desert are shaping Silicon Valley today (Larry Page and Sergey Brin hired Eric Sc HMIDt in 2001 as Google CEO, in part because of Schmidt’s involvement at Burning Man).

Steve Blank’s Secret History of Silicon Valley: Want to take a deep dive into Silicon Valley’s military origins? Steve Blank, a lecturer and entrepreneur at Stanford University, recorded a video and 278 slides tracing the route from radar to social media.

Surveillance Valley: The Secret Military History of The Internet by Yasha Levine (2018) : Surveillance has been at The heart of many Silicon Valley companies. In the book, published last year, Levin laid out how the Pentagon’s interest in new information technology gave birth to the Internet and the private surveillance business model behind today’s tech giants.

Silicon Valley now dominates vast sectors of the economy. Washington has decided when to regulate the tech giants. A battle is underway to determine whose politics and vision for the future will guide the development of technology


Silicon Valley from above” by Nouhailler is licensed under CC BY-SA 2.0.

Social

Silicon Valley’s entrepreneurial atmosphere is defined by innovation, teamwork, and risk-taking. It offers the necessary motivating foundation for IT entrepreneurs.
Many startups are started by workers and partners of well-known technology companies. It is simple to locate and connect with knowledgeable and supportive mentors in the same profession in order to obtain expert advice on going forwards with one’s entrepreneurial enterprise. Starting a software firm near Wall Street may help you acquire financial help. However, specific advice for tech firms, technical innovation knowledge, and skill are abundant in Silicon Valley.