Israel and the VCs ...

Today I read a post from Robert Scoble where he said that there is a trend: (he’s noticing that) “…the further away a tech area is from Silicon Valley the less respect that area will get”. [1] I agree with him, you have to research more if you want to know what’s going on in different places away from the valley. Another issue is coming up from that, if you are not in the famous valley, how can you reach the VCs??. If you want to try out some idea to work in latin America, you will find the lack of a real platform to lift up an idea and become a success company (as far as I know there are some tech areas in Colombia and Brazil), that have to change in order to decentralize this issue. I made a research today about the tech world in Israel and found out they have a lot of VCs there, good for geeks and the economy there. This website has like 90 VCs [2] located in Israel, in the list is Sequoia Capital one of the VCs that help Google. To put it more interesting this issue I will put it this way: Israel have 7.22 millions of people [3] and that website [2] has like 90 VCs, so let divide 7 millions into 90 VCs, we got that they have one VC per 77777.77 habitants (if I’m wrong let me know it) , I guess that’s a perfect environment for the start-ups, for science and the economy. Latin America should go that way!!

[1] http://scobleizer.com/2008/04/15/
israel-a-country-too-far-from-mike-arringtons-house/
[2] http://www.science.co.il/Venture-Capital-Funds.asp
[3] http://en.wikipedia.org/wiki/Israel

Start the path to become modern economies

A country must develop its own technology so that it could be sold in the world, that's exactly how the rich countries make money and for that the people receive high wages and everybody seems to win. The lack of tech and resources in poor countries is a problem, but despite that there are smart folks that could make something interesting if somebody give them money and resources. I believe that venture capitals could help the developing nations a lot in starting the path to become modern economies, they don't need to invent something new, they could develop technologies that could improve their life style, etc, and their tech products (for example software) could be sold in the same country at the beginnig, is just a thought!!.

The lack of an adequate infrastructure for the internet start-ups

Before I read this article [1] I knew that Silicon Valley is already in another level (maybe in another world!), but now I realize that the Europeans are worry too (so I am), another article [2] written by the entrepreneur Kulveer Taggar explained that he had to move from Oxford to Silicon Valley and says "London is especially hard for internet start-ups because it is expensive", and from my experience I can say that Lima in Peru (I am living there currently) lacks from venture capitals so it is almost impossible to start-up an internet project. Both cities complete different seems to share the same problem the lack of an adequate infrastructure for the internet start-ups. But the Europeans are doing something to compete with the US' west coast, I guess that is the main reason of The LeWeb conference [3].

This issue is very important, because we are in the knowledge century and internet for me is the main driver of it, all the human's actual information is there, the search engines can tell us what is out there in the cyberspace, they actually know our behavior as a society, with that enormous tool we can figure out where is the power now. So for that and endless reasons we must have the adequate infrastructure for the internet start-ups, those projects might be as successful,useful as Google and could help us to organize all the information that is scattered.

References:
[1] http://news.bbc.co.uk/2/hi/technology/7139175.stm
[2] http://news.bbc.co.uk/2/hi/business/6355289.stm
[3] http://www.leweb3.com/