Delete comment from: Captain Capitalism

kurt9 said...

Earl is right. Duplicating the amalgamation of people and capital resources of the Bay Area elsewhere is quite difficult. Something like 1/3 to 1/2 of all U.S. angel investors and VCs are in the West Bay area, centered around Palo Alto and Menlo Park.

Duplicating this elsewhere will happen, most likely Singapore. But it will take 20-30 years. Asian investors are more risk averse than Bay Area ones.

It will likely be another industry as well. Some king of biotechnology or bioengineering. Biomedicine is highly regulated in the U.S., but not so much in Asia. Perhaps the first effective anti-aging therapies will be developed and commercialized in Asia.

May 25, 2013, 6:22:50 PM

Posted to Why Techies Love Tax Hell California