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In the last few decades, the enterprise’s capital is in question the phenomenal influence in the United States and the global economy. A small number of VC investors helped create some of the most dynamic companies in history and create amazing returns. However, the past performance changes in future results, as they say and the world is changing rapidly. VC Industry – Like the latest missile of Elon Musk – is preparing to ignite “fast unplanned demolition”?
A financial professor in Stanford Aspireese, a financial professor of the Unicorn report, a financial professor, the author of the Unicorn report, which is more periodic than the current structure of the current structure. “The reason for the production of many giant companies such as Apple, Facebook, Google and Nvidia, is not more innovative, but is not because it is a VC industry.” Says.
Recently, the updated 350-page unicorn sheet is strongly supports. Over the past 50 years, all public companies established in the United States are half a quarter and 92% of the market value of the market value of the market value and 92 percent.
In the United States, the average of the top 10 most valuable public companies, the middle of the average construction was 1946 in 1946. It was 1892 in the rest of the G7. The VC industry in the United States remains a huge innovation machine. Early stage financing to prevent the latest technologies and work needs to meet daily consumer and business needs
He said that it is difficult to see that the VC industry has returned to 2021 famous days and returns to the famous days of 478 unicorns in the United States – 31 percent of all VCs created so far. Has a haste combination of low interest rates, plenty of capital, sugar high values and coveng lockdown was a haste combination of industry.
The outlook today is more vigilant. Investors now face higher interest rates, fault capital markets, geopolitical confusion, growing protectionism and mass reception of artificial intelligence. “I don’t think the VC model will not die, but it will change,” said investor David Galbraith. “And the bigger picture is the fact that the American model is under threat.”
According to him, the AI reinstates the rules of the technological and investment game. The traditional capital-light program distribution model (meditation social networks), which works so well for VCS, develops capital-heavy hardware production (AI chips and information infrastructure), is rapidly developing into one of the remote hard investment. This passage is the dominant technological giants that collect hundreds of billion dollars in the leading companies. In addition, the beginnings of the largest AI beginners, including Openai and Anthropic, VCs, they acted as the greatest anthropics.
Most of the other small, VC-supported EU, the beginnings that apply technology in different sectors will fail, because the rapidly changing AI will erode their competitors.
The other great secular change is the focus of geopolitical competition with each major power that needs to confirm technology technology. Most recent Saudi Arabia launched a $ 10 billion VC Foundation, Aims to be a leading AI hub.
As in this geopolitical imperative, in northeast Asia, governments require deeper cooperation between governments, national corporate champions and dynamic beginnings. In their books Starting capitalismRobyn Klinger-Vidra and Ramon Pacheco Pacheco learned the classes of silicon valley of Silicon Valley, China, Japan, South Korea and Taiwan and updated them for the new age, helped companies like the world’s leading chip producer Taiwan TSMC. Many of these experiments now return to the United States in the form of “return diffusion”, as they call now.
Europe, This week has made an updated effort The old Silicon Valley stuck in the PlayBook to revive the startup industry. Although such liberalizing initiatives are pleasant, they need to apply part of a fast and more muscular geopolitical strategy. “The Northeast Asian model is more adapted,” Klingler-Vidra tells me.
Sometimes silicone forgets the generation of the US National Security State during the Cold War. Geopolitics now returned with a revenge and – like everyone – VC World should adapt quickly to this new reality.
