Noah J Nelson on Thursday, Nov. 7th
In the middle of this great piece by Marcus Nelson (no relation!) at VentureBeat on what the valuation bubble in Silicon Valley is doing to “average Joe’s” and Millenials is this incredibly scathing shot at billionaire Peter Thiel:
Back in 2010, PayPal and Palantir co-founder Peter Thiel tried to address the problem by offering teenagers $100,000 to drop out of college and build innovative companies that would change the world. Three years later, what has the Thiel Fellowship produced? Caffeine spray. An app, now acquired, that helped users connect musicians with venues. More of the same shallow product that has come to define the Valley.
Nelson sounds a call for a change in tone in the Valley from “get rich quick” to something more sustainable. As a Bay Area ex-pat myself, I’m not sure much can be done to save the region from the ravages of income inequality. At least not from the corporate end alone.
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