Mark Cuban pinpoints the one thing Silicon Valley has that other US tech hubs...

[Bit_Happy]

Mark Cuban pinpoints the one thing Silicon Valley has that other US tech hubs don't
 Note: Mark Cuban is hugely successful (regardless of what you may think of him)
This interesting article can be read in just a couple minutes, and it is worth the time, IMO.



"...Cuban said most venture capital firms in Silicon Valley take a “fear of missing out,” or FOMO, approach to investing. As MainStreet.com explains, FOMO plagues investors “who experience anxiety at the possibility that an exciting or interesting investment may be happening elsewhere.”

The FOMO mindset drives the funding of so many tech startups in Silicon Valley, according to Cuban...."
http://www.ee-blog.com/article/mark-cuban-pinpoints-one-thing-silicon-valley-has-other-us-tech-hubs-dont

Related Topics:
Do you dream of starting a successful business?
Are you doing anything to make your dream come true?
Will the Dallas Mavs be good again soon?  

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[Divinespark]

I am a little puzzled
FOMO describes a herd mentality, so Cuban is saying that Valley VC's are a bunch of lemmings lacking conviction and courage?

[cinder]

I am a little puzzled
FOMO describes a herd mentality, so Cuban is saying that Valley VC's are a bunch of lemmings lacking conviction and courage?

Just about everyone is a sheep in some form.

Do not overestimate oneself to be a wolf with nothing to show for.

[Charlie Prime]

Mark Cuban pinpoints the one thing Silicon Valley has that other US tech hubs don't ...a “fear of missing out,”

This is rather silly.  All financial investment opportunities feature this component.  It's not unique to "Silicon Valley".

There is a technical term for it, I can't remember off the top of my head, that is a standard variable in financial computer models.

[jc01480]

Mark Cuban pinpoints the one thing Silicon Valley has that other US tech hubs don't ...a “fear of missing out,”

This is rather silly.  All financial investment opportunities feature this component.  It's not unique to "Silicon Valley".

There is a technical term for it, I can't remember off the top of my head, that is a standard variable in financial computer models.

GREED?

[Bit_Happy]

In addition to the “fear of missing out” the article mentions Silicon Valley VCs are good at getting companies to the IPO, merger or acquisition stage, which is supposedly the "one thing Silicon Valley has that other US tech hubs don't".

“The key to Silicon Valley being the biggest tech hub is not how much money there is for startups — it’s how much money there is for exits,” Cuban told Allvoices.
An exit for a startup backed by venture capital firms takes the form of an IPO, merger or acquisition.


What about the "related topics", don't we have people here looking to start a "real-world" business?
Do you have a plan, or just ideas?

[Este Nuno]

 A lot of VC's like Y combinator invest in hundreds of start ups and hope that a few of them work out for the big pay off. So far it's worked out well for them, with companies like AirBnB and Dropbox just to name a couple.

The idea of playing the long shots and hoping to get all your money back seems to be a popular method of investing in Silicon Valley. You can't miss out if you invest a little in every reasonable idea would be their reasoning I would guess.