Q&A with Peter Thiel
Matt Williams (Mercury News and SiliconBeat) asks Peter Thiel (formerly of PayPal, now Clarium Capital) Where will Web 2.0 take Silicon Valley?"
"There are four central places in the U.S.: New York for finance, Los Angeles for media, Silicon Valley for technology and Washington, D.C., for politics.
Silicon Valley is eroding L.A.'s dominance in media. The entertainment industry is going to stay in Los Angeles, but certain pieces of the entertainment industry are being picked off. For example, look at what Napster did to music with file sharing, and what YouTube is doing with video."
It's a short piece but worth reading. The importance of Stanford is once again refered to. See my previous post on it here.
"There are four central places in the U.S.: New York for finance, Los Angeles for media, Silicon Valley for technology and Washington, D.C., for politics.
Silicon Valley is eroding L.A.'s dominance in media. The entertainment industry is going to stay in Los Angeles, but certain pieces of the entertainment industry are being picked off. For example, look at what Napster did to music with file sharing, and what YouTube is doing with video."
It's a short piece but worth reading. The importance of Stanford is once again refered to. See my previous post on it here.
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