"…something is missing in India: The angel investors, venture capitalists, and, most critically, experienced mentors. This problem will fix itself as more companies achieve success and seasoned entrepreneurs decide to give back to the next generation. When that happens, Silicon Valley better watch out. It is in for some very real competition."
Vivek Wadhwa, “Why Silicon Valley should fear India,” The Washington Post.
(Source: Washington Post)
Vivek Wadhwa | Silicon Valley women are on the rise, but have far to go
“Vivek, do you notice something strange”, asked my wife, Tavinder, during a start-up awards event hosted by TechCrunch in San Francisco two years ago. The only thing that surprised me, I told her, was that technology celebrities were dressed in ragged jeans and t-shirts.
“No, Vivek, tell me,” she said, clearly wishing to be taken seriously, “Where are the women?”
Business incubators and accelerators are necessary components of a vital entrepreneurial ecosystem that drives job creation and wealth in this country. That ecosystem requires capital to fuel job growth. Black American and urban centers have historically been disconnected from that ecosystem. And, with millions of Black Americans sitting on the sidelines, we don’t need to look much further than ourselves for leadership in changing the equation and brightening the economic future for those who seek to compete in the new innovation economy.
"…the key to boosting entrepreneurship and innovation is to encourage diversity, mentor entrepreneurs and facilitate their networking. Science parks and industry subsidies can’t do this. This holds important lessons too for groups that are left out of tech entrepreneurship—such as women, African Americans, and Hispanics. They need to continue to form new networks and strengthen existing ones in order to uplift each other and address concerns unique to their communities. Government can’t make that happen either."
“In the current cast of characters, the Republicans are on our side, our local Democrats support us because our arguments are obvious, and the other Democrats don’t—because they don’t get it. The president understands the argument and would like to support us, he says, but there are various political issues. That’s roughly the situation. That’s been true for twenty years, through different presidents and different leaders. It’s stupid. So my point is that if you want to get a sense of how to screw this up, to put it negatively, then make it harder for us to bring in the world’s smartest people.” - Google’s Eric Schmidt