Silicon Valley might want to watch its back when it comes to the title of top innovation hub in the world. Recently the Mecca of Tech has faced more and more robust competition from other cities looking to follow in the giant footsteps of Apple, Google, and others.
The archetypal image of two guys in a garage cranking out a tech-based, soon to be VC-backed startup in Silicon Valley is one of the many myths of the entrepreneurship world that drive away a lot of potential entrepreneurs.
Can governments do anything to make their people more innovative? And, if they cannot, are we saying that those middle-income countries who fail to climb the technological ladder are "trapped" forever?
The fact is, Silicon Valley has yet to come to terms with education. It's a massive, global market, but a notoriously complex one that is tricky to negotiate. A lot of what goes on in education is almost certainly not scalable.
Investors too often ask startup entrepreneurs what revenue will be in five years. Investors need to let the entrepreneurs know what they would like for revenue to be so entrepreneurs can plug that into their spreadsheets.
Compared with a few years back -- when credit markets froze, venture capitalists went on hiatus, and people's stock portfolios took a hit -- there are more funding options than ever for growing startups.