There's recently been a debate at Cambridge University (UK) about Silicon Valley vs. Europe as the future for start-ups. Hermann Hauser, a very successful entrepreneur from Cambridge, argued that Europe will catch up when it comes to new technology (I think he mentioned mobile phone chips). I find his point quite interesting and I am willing to believe that Europe has a chance of winning when it comes to new inventions.
On the other hand, Silicon Valley is where the money is. Much more importantly, however, seems to be the willingness to take risks and embrace failures. This is something that cannot be found in the UK and I dare say it is vital.
Comments
There's recently been a debate at Cambridge University (UK) about Silicon Valley vs. Europe as the future for start-ups. Hermann Hauser, a very successful entrepreneur from Cambridge, argued that Europe will catch up when it comes to new technology (I think he mentioned mobile phone chips). I find his point quite interesting and I am willing to believe that Europe has a chance of winning when it comes to new inventions.
On the other hand, Silicon Valley is where the money is. Much more importantly, however, seems to be the willingness to take risks and embrace failures. This is something that cannot be found in the UK and I dare say it is vital.
"I think he mentioned mobile phone chips..." - that would be ARM, one of the (sadly too few) UK technology success stories:
http://en.wikipedia.org/wiki/Advanced_RISC_Machines