Tim O'Reilly: "Silicon Valley: turning idealists into monopolists"

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9 • 654 Ratings

🗓️ 26 March 2021

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Sunday Times’ tech correspondent brings on Tim O’Reilly to talk about the end of Silicon Valley as we know it (3:30), how the markets were designed to give us monopolies (6:30), his history in tech (90), incentives (10:30), the coming crash (17:00), the tech industry’s changing culture (23:15), how venture investors now pick the winners (26:15), on whether Silicon Valley can do deep tech (29:15), the antitrust backlash (38:20), how the industry is moving away from its ideals (38:35), how that tax code powers the bubble (40:55), and the next opportunities (45:00).

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Transcript

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0:00.0	Yo, technology.
0:03.0	What is it all about?
0:04.4	We built an economy like that where financial engineering is the most valuable thing you can do.
0:12.3	And that's where it kind of brings me back to Silicon Valley.
0:14.7	I really do think that a huge number of Silicon Valley companies aren't really companies.
0:20.0	They're financial instruments.
0:21.2	Hello and welcome to Danny in the Valley. Thank you for tuning in before we get to today's show.
0:37.6	Big news for me, personally.
0:40.9	I've been vaccinated.
0:42.5	Hussah!
0:43.9	For this show, I would argue that is also a very good thing because it means that hopefully,
0:49.5	sometime soon, depending on how the rollout goes, of course.
0:54.1	We might actually be able to start doing more
0:57.2	interviews, not over Zoom. I'm over it. I'm over talking to people through screens. I want to
1:04.0	cross the table, talk to somebody, chop it up that way. Can't wait. Roll on vaccines for one and all. Anyhow, this week, we have a DITV favorite on the show.
1:18.5	Tim O'Reilly is here. And Tim, as of course you all know, he is something of an Oracle out here in the Valley.
1:26.0	He coined the term Web 2.0 amongst many many
1:29.7	other things he's the guy who sees around the corners before most other people do and whatever he
1:34.6	does a big thing you know write something big and interesting I like to have him on to talk about it
1:39.5	because he's among the best perhaps the best at kind of prognosticating about what happens next
1:46.9	out here, how will it will shake out, the winners, the losers, the dynamics, all of that stuff.
1:51.8	And he recently published a piece titled The End of Silicon Valley as We Know It, with a
	...

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