20 Nov 2014

SVC2UK 2014

The theme of this year's Silicon Valley Comes to the UK was a bit scattered, at least to me, compared with the last year's focus on med tech and how to cope with chronic diseases in the advance economy. I got some good hints on how da hardware startup should grow and learn its operational capability throughout the years of its journey to scaling up abroad. Note: it will take long time (5-10 years to become sustainable) so you'd better be prepared for the longevity.

Walking through St. John's College early in the morning, while developing my thoughts as follows.

Another personal finding is that I would not be able to like the Silicon Valley's culture of 'hyper high tension'. It is way too much for me, or I just became too old or introversial to accept it. I do understand that kind of way of making a rather emotional momentum in the market would do good for entrepreneurs and venture capitalists who want money.

However so, for example, why people think Uber is changing the world? By utilising unutilised vehicles for the era of new sharing economy? As far as people move around, however, the energy consumption would be more or less same. Its $17 bn valuation, or value will be just captured from other transportation modes, unless it starts transportation services by self-drive car, which will be totally something new and existing service providers won't start as it is too risky and legally unclear who in the end is responsible and liable for any damage a self-drive car makes.

From Uber's blog:
We have some exciting news to share this morning. We have just closed a financing round with some of the leading investors in the world, raising $1.2B of primary capital at a $17B pre-money valuation. The total raise will be about $1.4B with a second close of strategic investors soon. We are thrilled to have top tier institutional investors, mutual funds, private equity and venture capital partners joining us.

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