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Silicon Valley weathervane: the era of entrepreneurship ends

Source: DmyhXxFZ

The slogan of "mass entrepreneurship and innovation" is still sounding, and the entrepreneurial environment has undergone tremendous changes. Today, in Silicon Valley and San Francisco, there is a strange feeling in the air. In other parts of the world (such as Denver, San Diego, Toronto, Berlin, Shenzhen, Beijing), it seems that each city is still struggling to become a "startup center" and dream of becoming a "new Silicon Valley." However, in Silicon Valley, it feels like the golden age of entrepreneurship is over.

A large number of engineering and business graduates secretly dreamed of establishing new Facebook, new Uber, new Airbnb, and new WeChat. Almost every big city has one or two entrepreneurial accelerators to boast of. These accelerators are imitators of Y Combinator. A large number of technology entrepreneurs are "disrupting" and reshaping every aspect of the economy. Today's big companies are like dinosaurs with arthritis, and will soon be eaten by these dexterous, fast-growing, toothy mammals, right?

Well, actually, it's wrong. This has been true for the past two decades. And now that the world has changed, it prefers big ones over small ones. The pendulum has begun to swing back. Big companies and their CEOs will have the next decade, not startups and their founders. Today's graduates prefer to work for Mark Zuckerberg rather than follow his footsteps and start a business.

The webpage boom of 1997-2006 brought us Amazon, Facebook, Google, Baidu, and Sina. At that time, the Internet was a new thing. A few kids in a garage or dormitory could build a website, raise millions, Copy expansion and serve the world. The smartphone boom of 2007-2016 brought Uber, Instagram, Twitter, WeChat, and so on, because apps and web pages are the same thing.

In the past 20 years, we have been living in an era of continuous global hardware revolutions (first the Internet, then smartphones), making us mistakenly believe that the next technological revolution is also close at hand, and again, a few children are in the garage Write a small software here, "ride" the world with the help of the technological revolution.

But such things will never happen again. The webpage is already occupied by large companies; everyone has a smartphone, and large companies also occupy the application market; most importantly, today's new technologies are very complex and expensive, so those large companies with strong capital have advantages.


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