Comment arrogant (Score 1) 340
This is an interesting article, but it makes some arrogant statements.
"That 26 year olds with good ideas will increasingly have an edge over 50 year olds with powerful connections."
Uh... What makes Larry Page different from Bill Gates. Oh, right, Bill Gates was younger. Exceptional intelligence will lead to exceptional results, but it is, ahem, exceptional. This has been true in business for millenia. Get with the times, Paul.
Is it any coincidence that both Yahoo! and Google came out of Stanford? How about the people who funded the companies? There is so much money and still a relatively high amount of optimisim in Silicon Valley that this is a place where ideas meet money. Connections always facilitate this- to think otherwise is to live in dreamworld. There are plenty of 50-year-old guys with connections without ideas who get jobs and then find out the ideas. Most of them will outperform the 26-year-olds because the connections are the result of life-long careers and experience. There is a good corrleation with wisdom and wise judgement.
As to founders getting more control- hardly the case- they are getting less control today unless they are already profitable. Founders getting more control? Hah. The founders are begging to get funding.
Has the economy fundamentally changed because we have websites? I don't think so. The economy did fundamentally grow (add more value) and those who did the work got a share of the value. Nothing different than the previous growth spurts in the economy. Only a computer scientist sunburned in California would be so arrogant as to christen these events as the new economy.
"That 26 year olds with good ideas will increasingly have an edge over 50 year olds with powerful connections."
Uh... What makes Larry Page different from Bill Gates. Oh, right, Bill Gates was younger. Exceptional intelligence will lead to exceptional results, but it is, ahem, exceptional. This has been true in business for millenia. Get with the times, Paul.
Is it any coincidence that both Yahoo! and Google came out of Stanford? How about the people who funded the companies? There is so much money and still a relatively high amount of optimisim in Silicon Valley that this is a place where ideas meet money. Connections always facilitate this- to think otherwise is to live in dreamworld. There are plenty of 50-year-old guys with connections without ideas who get jobs and then find out the ideas. Most of them will outperform the 26-year-olds because the connections are the result of life-long careers and experience. There is a good corrleation with wisdom and wise judgement.
As to founders getting more control- hardly the case- they are getting less control today unless they are already profitable. Founders getting more control? Hah. The founders are begging to get funding.
Has the economy fundamentally changed because we have websites? I don't think so. The economy did fundamentally grow (add more value) and those who did the work got a share of the value. Nothing different than the previous growth spurts in the economy. Only a computer scientist sunburned in California would be so arrogant as to christen these events as the new economy.
