The 15-year tech boom has ended with rounds of mass layoffs and a recent series of high-profile bank collapses. So what went wrong? And will Silicon Valley ever be the same?
Then, to cap it off, Silicon Valley Bank abruptly collapsed, triggering the most significant financial crisis since 2008.
"There was an awful lot of people, including myself, staring at it, saying, 'This can't go on forever,'" he said.What changed? In the short-term, interest rates.That is, private capital funds withdrew their support for risky start-ups promising to change the world, and went looking for safer, more conventional investment options.
Google co-founder Sergey Brin, and designers Diane Von Furstenberg and Yvan Mispelaere, modelling Google Glass wearable tech, walk the runway at a 2012 fashion show. Like Brendan Gregg, Kate Kendall is an Australian who's worked in Silicon Valley and come back home. This is so common, people like her have a special name: Boomerangs.
"America's advantage has long been attracting all the smart people from all over the world to come here.
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