Of course all those Ruby on Rails shops in SV are innovating, but Asia is only doing Copy-Paste? I am long on America as much as any other guy, but this kind of hubris has a huge price tag. There is a nice book "Art and Fear", in which Group A was given task to create a quality art and Group B was given a task of creating a lot of art with any kind of quality, at the end of the test, Group B produced better quality art, because they got the practice with the trial and error feedback. Group A suffered trying to get perfect from the get go. So a resounding Yes, to Quantity is a Quality.
During the few years that I spent doing business in both Beijing and Shenzhen, I can say with confidence that the majority of companies there are creating innovative new technology and are not simply "copying and pasting". Also, technology startups are not an "ideas business". They are an ideas with amazing world-class execution business. The latter is what determines the bulk of the value created by the company and is much, much harder to come by.
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Quality vs Quantity.. This is an ideas business. Copy pasting has limitations.
Of course all those Ruby on Rails shops in SV are innovating, but Asia is only doing Copy-Paste? I am long on America as much as any other guy, but this kind of hubris has a huge price tag. There is a nice book "Art and Fear", in which Group A was given task to create a quality art and Group B was given a task of creating a lot of art with any kind of quality, at the end of the test, Group B produced better quality art, because they got the practice with the trial and error feedback. Group A suffered trying to get perfect from the get go. So a resounding Yes, to Quantity is a Quality.
During the few years that I spent doing business in both Beijing and Shenzhen, I can say with confidence that the majority of companies there are creating innovative new technology and are not simply "copying and pasting". Also, technology startups are not an "ideas business". They are an ideas with amazing world-class execution business. The latter is what determines the bulk of the value created by the company and is much, much harder to come by.
Given that most startups fail it's definitely a quantity business too. Just ask Rocket Internet.