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sexta-feira, janeiro 14, 2005

Offshoring Creativity

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But the talk among Silicon Valley insiders is different. Their buzz is that India and China are launching high-tech companies that will innovate brilliantly -- and will bring their creations first to consumers in their own lands, often bypassing our shores entirely. India and China are the world's most promising end markets for technology, while the United States is nearly saturated. So the real issue for the coming decade isn't whether Asia's workers will steal our high-tech jobs; it's whether their high-tech consumers will still buy our products.

The new new thing in Silicon Valley isn't even in Silicon Valley: In September, the Silicon Valley Bank, which lends to tech startups, opened a branch in Bangalore, India. The bank has led two delegations, each of two-dozen top venture capitalists, on weeklong tours of India and China. Legends such as Don Valentine from Sequoia Capital, which invested early on in Apple, Yahoo, and Google; and John Doerr from Kleiner Perkins Caufield & Byers, the moneyman behind Amazon.com, joined the June trek to Beijing and Shanghai.

They found a nascent entrepreneurial culture inspired by their own, peopled by Chinese nationals -- educated in the United States and once employed by big American companies -- who have returned home to launch tech startups. "They were as world-class as anything you'd see on Sand Hill Road," the epicenter of Silicon Valley's capitalists, says Terry Garnett, former head of marketing at Oracle and now a venture capitalist at Garnett & Helfrich in Menlo Park.
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Fast Company | Offshoring Creativity

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