IS THE VALLEY BACK? 01/03/24
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 3 January 2024
⏱️ 6 minutes
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| 0:00.0 | Where will the next trillion dollar company be founded? |
| 0:03.3 | Investors are increasingly looking outside Silicon Valley to cities across the U.S. |
| 0:07.7 | with cheaper cost of living. |
| 0:09.3 | A recent journal article highlighted the growth of new businesses in Atlanta, Georgia and census data shows |
| 0:14.2 | them outpacing the rest of the country, along with places like Mobile, Alabama and New Orleans. |
| 0:19.6 | Here to discuss in today's Tech Check is Duncan Davidson. |
| 0:22.1 | He's co-founder and general partner at Bullpen Capital. |
| 0:24.7 | It's good to see you, Duncan. |
| 0:26.5 | Do you experience this where you are? |
| 0:28.8 | Oh, I think that story got it exactly wrong. |
| 0:31.0 | It might have been OK a couple years ago but now no no |
| 0:33.6 | everything's coming back to Silicon Valley because of AI as you started the |
| 0:37.2 | okay but but wait a minute let me just to come to their defense for just a moment can |
| 0:41.6 | both things be true in other words are we seeing a |
| 0:44.5 | real boom and startup activity elsewhere across the country and also at the |
| 0:48.9 | same time seeing AI kind of revitalizing the original Silicon Valley? |
| 0:53.0 | Well, you must understand. I love startup culture and I spent time around the whole world trying |
| 0:58.7 | to generate startups in various communities. It's a very different question |
| 1:02.5 | and whether you can diffuse startups |
| 1:03.8 | and whether Silicon Valley remains the center. |
| 1:05.8 | I agree. |
| 1:07.1 | We've seen other places like Nashville |
... |
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