Silicon Valley-minded venture capitalists (VCs) around the world tend to blindly criticize government capital for innovation as ¡°silly money.¡±
For sure, there has been a global trend to replicate concepts from Silicon Valley with regards to the ¡°power law¡± of venture capital, ¡°move fast, break things¡± disruption, avoidance of government and the ¡°fake it until you make it¡± confidence, among others.
Nothing could be more wrong ¡ª especially when Silicon Valley is fundamentally a sui generis culture and ecosystem.
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