Some of us, who have spent nearly 25 years in the Silicon Valley and have seen it change from a nearly semi-rural land to overcrowded towns, feel the same.
At one time, companies were created mostly by electrical engineers like Hewlett and Packard, Viterbi (Qualcomm), Intel - Andrew Grove, Microsoft (Gates) etc, but now most companies are being created by marketing types. And, their ability to think beyond social media is limited.
With the exception of Apple, US has lost the tech edge to Korea (samsung, hyndai), Japan (Honda, Toyota, Sony etc), Germany (BMW, Mercedes etc) and China (many). Building hard products take real engineering brains and capital. There is no reason for VCs to take that risk when they can create social media companies like Pinterest, Groupon, Facebook and Twitter etc and make more money. No wonder US Tech industry is in decline.
Re: Modi
by two paisa on Sep 26, 2012 10:33 AM
There is no way SAP becomes significant on the scale that the current big 5 are talked about. Remember, even Oracle is not there on the big 5 list. At the end of the day, SAP is enterprise software. And is being threatened everyday by alternatives, including free ones. Already SAP programmers are no longer the hot commodities they once were.
