Follow The People…Some Predictions For 2022
I left the world of trading and running my hedge fund for Web 2.0 back in 2006 to start Wallstrip and Stocktwits. YouTube and Twitter made me do it.
I spent a lot of time in New York (not as much in San Francisco) as web 2.0 proliferated.
As I mentioned in my year end outlook podcast yesterday with Knut, people are moving to Florida over San Francisco as the web evolves and expands.
I like this riff from Thomasz Tunguz in his FIVE predictions for 2022…
The spirit of Silicon Valley continues a spread outward. The valley remains an important locus on innovation but its monopoly recedes as new geographies rise in importance and remote work, plus the return of in-person travel, creates a new way of working for many. Silicon Valley falls to below 20% in all venture financing.
I have seen it with my own eyes visiting Miami and San Francisco this year.
They are not just moving to work remotely keeping their old jobs, they are leaving their jobs to work on ‘web 3’ projects/companies.
I have read at least 50 year end Venture Fund letters and many describe some version of the same data point…
A ‘critical mass’ of the smartest people in the world have enough confidence in the future of crypto/web 3 that they are willing to bet their professional careers on it.
I did not know I was following Fred Wilson when I started Wallstrip at the beginning of Web (Read more...)