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  • You know, back in 2014, I think 15 I started a parallel show, not London real, but it was called Silicon Reel and I just got really excited in tech.

  • Actually studied tech when I was an engineer before I got seduced into Wall Street.

  • And so I had about 100 of the top founders and ceos in tech.

  • I had to transfer why guys on before they made it big.

  • I had um, the stripe founder on before they got even bigger and all these people.

  • And the truth is when I looked him up later on linkedin, they were all in the valley, a lot of the successful ones.

  • And there was always this pull to the U.

  • S.

  • And he wanted to go bigger.

  • And and that was always frustrating about the UK in London.

  • But now with this web three point oh concept and we can talk about that, it doesn't seem like that's gonna happen.

  • You won't necessarily have that drain to either the capital or the consumers or whatever that's happening now.

  • You have like you said that open mentality and then you have a bunch of sovereign nations.

  • Also super creative, which we can talk about that with expertise later as well.

  • And maybe this is the start of a, of a new narrative where europe can punch above its weight and start punching maybe where it should be or you know, take its own place and bring something.

  • I mean every wave.

  • Um, I mean, well, first of all, if you take the super long view, I think it's interesting, which is that there has been a bit of a supremacy of Silicon Valley and many people are super aware of this but you know, that wasn't quite by accident and it's not been forever.

  • I mean there was it was has been sort of government funding of radar and obviously the chips that were important for the military industrial complex and all these one thing led to another in terms of the strength of the U.

  • S.

  • And Silicon Valley.

  • But that only happened kind of effectively kind of post war seventies and bell, but you know, 40 fifties, Fairchild, semiconductor.

  • And then and and uh so that doesn't happen.

  • There's great steve blank writes very thoroughly about and I don't have it all memorized.

  • But um it's um, you know, you can go and look at the history and it makes a lot of sense in terms of the sequencing.

  • But it's interesting if you, if you look further back um and this is it to make, it happens to be a little bit personal element to the kind of anecdote.

  • And this is totally kind of coincidental.

  • But someone shared with me, a cousin shared with me a picture of my great grandfather sitting in a car having just done a kind of country side jaunt outside of Adelaide and and uh sitting on a set the record or whatever and it was uh the car was a Dion I want to say and it was like it was a, it was a french a car.

  • Um, and at the time was a highly super respected car.

  • Um gone now I think, you know, totally gone.

  • But the the the the internals of it, the mechanics of the engine were respected so much that they were actually being licensed to the US car manufacturers at that time.

  • And that fact what that made me think of is how you would never have guessed that the kind of bear myths of kind of car production from the U.

  • S.

  • That have become so dominant for a period of time.

  • We're actually licensing a specialist technology from France 100 plus years ago and how quickly the tables can can turn and then that's, you know, it's only really 100 years ago to swing one way and then maybe swing, you know back like the other.

  • So, you know, back to this question of, you know, is this may be an interesting time for for europe, I think with each wave of in a particular kind of information technology of software, you've seen it become increasingly global and democratized the opportunity become increasingly global and democratized because it is inherent in software because you know, you don't need to build a the actual fabrication of age for a set of silicon chips in order to be in the game because of software because the great products are built from direct insight into the problems you want to solve And so you need to be close to the problems.

  • So that makes it global.

  • And also because, and I saw this myself from the first time I was involved in founding a software company back in 1995, the internet made it possible to appreciate the science of startups and the science of scale ups from anywhere in the world.

  • Because you can just, you know, at that point, look it up on uh, it was called musk musk cattle then and then and alta vista or whatever, but now you can google it up.

  • Um, and uh, and you know, get your results and you look, you can learn obviously everything about everything.

  • It's right there sitting on your sofa.

  • And so I think that all of that has pushed it around the globe.

  • And we see that now accelerating with Web three in the open web, why is it acceptable?

  • Different web.

  • Let's put aside the question of covid and remote first, which clearly is a factor also because It's because a couple of things.

  • one, you know, There was a shift towards the, you could argue, I guess the supremacy of open source software that at least I coincided first in the, in the 90s.

  • And open source software had started as this kind of almost romantic movement of like, you know, it's just from a point of principle wrong that this should be, you know, owned in a proprietary way.

  • Um, and so it shifted from that to okay, well if we can distribute databases over the internet and have them used by millions of people, maybe we can actually create a business model around that.

  • And so my former partners who co founded my SQL still arguably one of the world's most sort of popular databases.

  • They exploited that.

  • And then, um, but an open source, you know, it's incredibly powerful.

  • Those business models are a little hard to make work.

  • And so we came into the age of what we could think of as web to the second wave of the web where companies, large companies, the ones we're familiar with facebook Airbnb google amazon and so forth.

  • Take those open source projects, build these incredible cloud based services that we upon which are kind of lives increasingly rely and sort of capture the software that way and and probably sponsor a bunch of people to augment those those projects.

  • And then, you know, extract from us either through that margin of opportunity that Bezos has or obviously through the advertising that most of the many of the other platforms use.

  • You know, that's how it gets monetized and we'll come into maybe what the kind of issues.

  • But you know, open source, You know, the principle of it being free for anyone to use is something that that that actually was stifled by that Web Web to movement in Web three.

  • It's it is truly open source and not just the open source software, but the open source execution of that software and open source data residing in those networks that are being built out there.

  • And the reason that that is now possible to do that is because of this invention of digital scarcity or digital ownership.

  • The fact that you can build these networks and have the network, understand the identity of an individual, um, have the network, um, uh, understand the identity of another machine on the network, have the network, have begged intuit incentives that are native to it to allow for the coordination of its operation.

  • And that creates a business model which means you can shun the previous ones.

  • And and actually a lot of the things that the inherent capabilities of open source movement, the fact that it's sort of, you know, inspect herbal openly by many different people.

  • And the fact that it's for kable is incredibly valuable because it creates a kind of productive tension for those networks to be continuously innovative and importantly, innovative in the industry interests of their users because otherwise your users are gonna pull the rip cord and go somewhere else.

  • And and so that's kind of two different things together.

  • The open source movement.

  • And and the this shift now to Web three, which creates an opportunity for europe, maybe even inspired by its um kind of libertarian counterculture that in turn sadly perhaps was inspired by um hundreds of years of nation states sort of um, you know, battling and obviously, the last century, in particular fighting kind of tyrannical forces on both the left and the right end of the spectrum.

  • Um, so I think, you know, a great opportunity for europe.

You know, back in 2014, I think 15 I started a parallel show, not London real, but it was called Silicon Reel and I just got really excited in tech.

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B1 open source web software kind silicon valley

?? SILICON VALLEY vs EUROPE ?? Richard Muirhead of Fabric Ventures

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    林宜悉 posted on 2021/10/26
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