Startups Around the World
This year I went to Thailand, Singapore, Indonesia and Croatia and had a chance to visit startups in each of those countries. One lasting impression from all my trips was the quality of products being created. These is no question in my mind that most of the technical talent in the world exists outside the US.
I think there are two kinds of internet companies being created today: global network effect companies and local network effect companies. Global network effect companies are like Google, Facebook and Dropbox, companies with large technical barriers to entry that can easily provide value to everyone in the world from an office in California. Local network effect companies are local marketplaces, business listing sites, real estate listings and ecommerce companies, where there is...