Japan To Foster Startups By Sending 1,000 People To Silicon Valley (japantoday.com) 30
Industry minister Koichi Hagiuda said in the United States Wednesday that Japan plans to encourage startup businesses by sending 1,000 people to Silicon Valley over five years to provide them with valuable entrepreneurial experience in the California tech hub. Japan Today reports: The government aims to draw up a five-year plan by year-end to target a 10-fold increase in the number of startup companies as part of its push to drive economic growth through innovation and the cultivation of human talent. Hagiuda told reporters after his visit to the headquarters of technology giant Google LLC that he was very impressed by the mentality there in which there is no fear of failure, and that it is something Japan can learn. "Struck out swinging is considered (an experience) that can lead (people) to the next stage, here in America," Hagiuda said.
The plan envisions sending 200 people from Japan to Silicon Valley annually starting in the new fiscal year that starts in April. It will expand a similar yet smaller program under which around 20 people have been sent there annually over the past seven years.Devoting more resources to startups is one of four pillars in the strategy Prime Minister Fumio Kishida has set out in pursuit of a new form of capitalism that focuses on growth through investment.
The plan envisions sending 200 people from Japan to Silicon Valley annually starting in the new fiscal year that starts in April. It will expand a similar yet smaller program under which around 20 people have been sent there annually over the past seven years.Devoting more resources to startups is one of four pillars in the strategy Prime Minister Fumio Kishida has set out in pursuit of a new form of capitalism that focuses on growth through investment.
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It's not quite so clear cut as that. California's politics are downright bonkers for sure, if not in many cases downright self-destructive, but it's actually not because of the prevailing attitudes there, rather it's because of a very, very high tolerance for some downright inexcusable behavior. Watch til the end of this video and you'll see what I mean:
https://www.youtube.com/watch?... [youtube.com]
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California gets a lot of things wrong but also gets a lot right.
It is one of only two states that ban non-competes (the other is North Dakota).
The state taxes are very progressive, falling mostly on high-income individuals. So this means that startups pay little tax during their startup phase.
Japan's attempt to nurture entrepreneurialism is almost certain to fail because the problem is not the Japanese entrepreneurs but the Japanese government.
Re: Big mistake! (Score:1, Flamebait)
The whole "there are just two sexes" thing indicates a rather wilful lack of understanding. Anyone who cares can actually understand the issues, people who keep spouting their ignorance are doing so on purpose.
Define sex. If it is genetic (X/Y chromosomes) mammals have at least 8 sexes. Two of them most prevalent but certainly not alone.
And we're also not discussing sexe but gender, which is a social construct with a basis in the sexes. But only that.
The implications about how the sexes should behave are of
Re: Big mistake! (Score:2)
"Woke" is a conspiracy theory of incels. (Score:3, Informative)
Talk to actual human beings sometime instead of living on Q-Anon and 4chan.
Is this a good idea? (Score:2)
What I consider is that Silicon Valley lost the sharpest minds during the corona exodus, so now the forefront location is declining.
SFO+San Jose Venture Capital share at 37% (Score:1)
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are they to seek jobs at startups?
A startup is unlikely to hire someone who will only work for a year and is there to steal its ideas.
Translation (Score:2)
Japan ministry establishes slush fund to send bureaucrats on holiday in California.
Re: Translation (Score:2)
Re: Translation (Score:2)
Meanwhile, Japanese kids are still expected to be in uniform, to obey without question, and to dye their hair to a standard colour.
I'm not sure, but I think blind obedience to the status quo is not how you get innovation and creativity.
Re: Translation (Score:4, Informative)
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Just look at just their anime and manga industry. There are 13 episode anime with more creativity than almost anything put out in the West, non-animated. Their games industry doesn't rely on games that are about killing, aggression and destruction - games beloved by the US.That's not the sign of independent thinking always being hammered down.
Japan's contributions to science an
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Even if the only lesson those bureaucrats learn is that Japanese software developers are grossly underpaid, then that will have been money well spent on their part. Then, may be those bureaucrats can go back home and enact some changes.
I thought Silicon Valley stopped hiring (Score:2)
China to foster startups ... (Score:2)
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And when they get home ... (Score:2)
The Japanese can't make it work (Score:2)
The Japanese, if they're sensible, will realize that they've got a society that mostly works and provides for almost everyone, and that they don't need startups that have no reason to exist except to reinvent the wheel and become a Pon
Nothing new (Score:2)
Nothing new about this. Japanese companies have been doing this for at least 40 years that I'm aware of. Japanese companies are very very bought into N.I.H.: they go back to Japan and are told "here we do it our way."
Good idea, though the problem is way deeper. (Score:2)
The psychological definition of "now" in Japan has become almost 30 years wide. IIRC, they just discontinued manufacturing cassette tapes in like 2016. So it's not just fear of failure that's holding them back: If you're not hungry for the new, even the boldest entrepreneur will just be lu