By Alison van Diggelen, host of Fresh Dialogues
Irish immigrants have been in California since the gold rush days. On assignment for the BBC World Service, I went looking for the Irish in Silicon Valley and found that you can take the people out of Ireland – you can even take their pubs – but you can’t take Ireland out of the people….
Nevertheless, a new generation of Irish tech immigrants are less nostalgic for the past, and are redefining what being Irish means. They bond over mindset, not heritage; big dreams and an openness to new ideas and cultures. I started my quest at Trinity Cathedral in San Jose where a celebration of St Patrick’s Day and the San Jose-Dublin Sister City program was in full swing….
Here’s my report for the BBC’s Business Matters:
Listen to the podcast at BBC World Service or to the program excerpt below:
Here’s a transcript of my report (edited for length and clarity):
The report opens with traditional Irish singing by the Black Brothers Band “Green Among the Gold: “They played their jigs and reels beneath the skies of their new homeland, For Irish hands have woven strands of green among the gold.”
33 million U.S. residents claim Irish ancestry, that’s over four times the population of Ireland. With 2.5 Million, California has the highest Irish population of any state. It’s not surprising then that the Irish are making their mark on Silicon Valley…Is it the luck of the Irish, or something else?
Meet Eoghan (Owen) McCabe, CEO of Intercom, a fast-growing startup for business messaging. He and his three Irish cofounders have found a sense of belonging among the software and silicon of the valley.
Eoghan McCabe: One of the most magic things about this place is it does allow you to think big. We’re social beings, we’re all looking for the appreciation, respect, if not love of the people around us…
As well as working on something you’re passionate about, McCabe has this advice:
Eoghan McCabe: Work with people you love and know and respect…don’t try to rush the relationship.
He admits to a chip on his shoulder, an urgency to prove himself. How has being Irish helped him recruit, attract capital, and grow the business?
Eoghan McCabe: The humility goes a long way in the valley…there’s a lot of hubris, people are damn good at selling themselves. So it’s a breath of fresh air when people admit they’re flawed and they can’t predict the future and they might not succeed. That natural humility, that vulnerability, that honest approach goes a long long way…They want to be successful on the basis of their merits. What you don’t find often is people trying to play that Irish card.
Dave Burke, a Dubliner who’s now a VP at Google says his formula for success is seeking out challenges that are “uncomfortably exciting.” But does he seek out Irish techies for his 1000-strong team?
Dave Burke: We’re looking for not really the country culture, but the outlook and perspective culture: the energy, interest in making an impact, being smart. In tech… we want the best and brightest from all round the world, we want diversity…that’s antagonistic to the nationalist perspective. Nationalism looks backward, it looks unsustainable, it’s frightening… It doesn’t readily compute with people. Why wouldn’t you be open to new ideas and people?
But Burke acknowledges that some old traditions endure, especially on St Patrick’s Day.
Dave Burke: A meal of Guinness? Yes! [laughter]
Talking of drinks…Some immigrants were so determined to bring a wee bit of old Ireland to California, that’s literally what they did.
[Audio: Irish pub…] I’ve come to the O’Flaherty Irish Pub in San Jose to meet the owner, Marie O Flaherty.
[Audio: Guinness pouring….Barman: Guinness… 8 dollars ….]
That looks good….
Marie O’Flaherty: This is an authentic Irish pub – it came on a boat from Ireland everything you see – the signs, pictures, the bar, the stools, everything….
Over 15 years ago, her late husband Ray O’Flaherty bought the pub in Dublin on a birthday whim. Today, it’s a landmark in Silicon Valley, and ground central for St Patrick’s Day festivities in the South Bay.
Alison van Diggelen: Is fearlessness part of the recipe for success?
Marie O’Flaherty: You have to have a lot of guts to take it on, self confidence to know whatever it is, you can do it…
Being open to new ideas, like embracing craft beers, keeps the pub popular with the “young uns” she says. The family business nurtures connections with Ireland and the world, through tourism, close links to the Silicon Valley Innovation Center & sporting ties…
Marie O’Flaherty: All the rugby teams…New Zealand did the haka up on the bar here…they drank 11 kegs of beer that night.
Having a heart of gold is also part of the Irish success story…
Marie O’Flaherty: See this poor soul here…He’s a homeless…they give him a drink and send him on his way…You have to just look out for everybody…
Marie O’Flaherty and Mark Finn singing:
Oh Dublin can be heaven, with coffee at eleven, and a stroll down Stephen’s Green
No need to worry, no need to hurry…
If you don’t believe me:
Come and meet me there
In Dublin on a sunny summer’s morning…[laughter]
END of Report
Listen to the BBC Podcast or the audio above for a lively discussion with the BBC’s Roger Hearing and Bloomberg’s Nisid Hajari about the tech community in Silicon Valley; and how the President’s proposed travel ban is already having an impact on business and academia in the United States.
Check out the Fresh Dialogues Silicon Valley “World Series”
Mexicans in Silicon Valley
Africans in Silicon Valley
China in Silicon Valley
By Alison van Diggelen, host of Fresh Dialogues
In the beginning…there was no word from Silicon Valley tech leaders on Donald Trump’s presidency, despite his kingly proclamations: Let there be Two Pipelines, Let there be a Wall…Let there not be TPP!
But on the seventh day, tech leaders arose against Trump’s dominion over them when his immigration order unleashed chaos for their people. And so, on the 16th day, they filed a legal brief saying the order inflicted “significant harm on American business, innovation and growth.”
Today in San Francisco a US Court of Appeals will decide oral arguments in the case: State of Washington et al. vs Donald J. Trump et al..
I joined the BBC World Service’s Business Matters last night to report on Silicon Valley’s furious reaction to Trump. Venture capitalist, Jean-Louis Gasse spoke for many in the valley:
“The danger with an administration or a president like Donald Trump is that he gives permission to lie…to be offensive, to be homophobic, to be xenophobic. Cultures are nothing but a system of permissions and those come from the top. When you see the President of the US lying – you have to stand up and say: it’s a lie!” Jean-Louis Gasse, Silicon Valley venture capitalist
Listen to the BBC World Service podcast, (my report starts at 5:15).
Here’s a transcript of our conversation (edited for length and clarity) and a longer version of my report:
Fergus Nicoll: Donald Trump says he is pro-business. But a lot of businesses, it seems, are not pro-Trump. They’re certainly not in favor of his attempt to restrict immigration. Almost 100 mainly tech companies have filed an amicus brief arguing that the ban – already the subject of a separate legal process – inflicts significant harm on American business. Who’s signed up? Apple, Google, Microsoft, Facebook, Twitter and belatedly Tesla. I’ll hand over to Alison in a moment – but first, let’s hear from Emily Dreyfuss at the tech news website Wired in Boston.
Emily Dreyfuss: By some estimates, half of unicorn startups in America were founded by an immigrant. These big companies, Apple, Google, Facebook: they depend on H1-B visa holders. 85,000 H1-B visas go to the tech community every year in America. This is affecting their bottom line. Yes, there is some risk but I think these technology companies are calculating that together they are stronger which is why they’ve signed on to this amicus brief. I think what we’re seeing here is a clash of ideology and business acumen. In this instance, Trump saying he’s pro-business is actually just talk.
Fergus Nicoll: Is that a fair summary then, Alison…the way it’s seen on the west coast?
Alison van Diggelen: Trump is saying that he’s pro-business (and I believe he intends to be), but it looks like his immigration ban has not been thought through… as to the impact it’s going to have on business. It’s been severely criticized .
I’ve been closely watching Silicon Valley’s reaction to the Trump presidency since inauguration day. When Trump issued that immigration order some Silicon Valley leaders were compelled to break their silence and take action. It’s an issue that’s split the US in two. A CNN poll shows about 53% oppose the ban. But today Trump has said that negative polls about the travel ban are “fake news.” He accused the NY Times of making up stories and sources. So my report explores why Trump is getting under Silicon Valley’s skin via this travel ban and the role of lies and fake news.
The day after he was inaugurated, Silicon Valley took to the streets to protest. Tens of thousands of marchers carried placards saying “Stop the hate”; “Words Matter”, and “Never Again.” I asked Patrick Adams, a local science teacher…What’s your message for Trump?
Patrick Adams: Get out of the way…this is a tsunami, this is people who care deeply about what this country really stands for – which is inclusion and love and hope – it’s unstoppable. This idea: that the trickle down economics of neoliberalism and the strange backward thinking of racism is going to lead us to a better world? It’s not, it’s a dead end.
Alison van Diggelen: In the first week of Trump’s presidency, it appeared like “business as usual” here in SV. On day seven, Trump’s immigration order lit the fire under SV.
By day 10, protests had broken out at several tech campuses; and business leaders came out of their bunkers to voice concerns about the order’s morality, not just its economic impact. It was personal: almost 60% of Silicon Valley engineers are foreign born.
I spoke with Meg Whitman, CEO of Hewlett Packard Enterprise, a company born here in 1939:
Meg Whitman: Our view is that this was a mistake. We are a nation of immigrants and a broad-brush sweep of seven countries, of Muslims in those seven countries, is not what America is. So I hope that the president rethinks…
If you think of the innovation that’s been done in the valley over the last 75 years, much of it is from people who came here from someplace else … that’s an economic engine of the country and an economic engine of the world…
Alison van Diggelen: Alphabet’s chairman, Eric Schmidt even described the Trump administration actions as “evil” but many responses were muted.
I contacted companies, from oil to solar; from startups to Fortune 500, but many declined to talk, even LinkedIn cofounder Reid Hoffman who was an outspoken critic of candidate Trump. Why the silence?
Is it the prospect of Trump unleashing his Twitter followers? Kevin Surace, CEO at Appvance, a software company, sums it up:
Kevin Surace: No one wants the current leader of the free world to unleash something against them. And frankly as a CEO of a corporation, it’s your duty to your shareholders to not have the US government hate you…the last thing you want is the president saying: I’ve had it with your company, I’m going to slap tariffs on you…
Alison van Diggelen: Surace emphasizes that the stock market is up over 8% since the election and the Dow hit the symbolic 20,000 point milestone last month. Trump even hosted a “cordial” tech summit with many of the valley’s leaders. Three juicy carrots are now dangling their way: the prospect of infrastructure investment, a corporate tax cut and a huge tax break for the repatriation of $2.5 Trillion in corporate profits lying offshore.
Kevin Surace: If that all comes back to the US, it’ll be the biggest boom to the US economy, possibly ever. For the next 10 years, the economy will be on fire.
Alison van Diggelen: Nevertheless, venture capitalist, Jean-Louis Gasse addresses the disquiet in Silicon Valley. He points to H1-B visa concerns as well as a flood of uncertainties:
Jean-Louis Gasse: The stock market is up, up, up right now which we know could turn around on a dime…
It’s not good for biz to have too many uncertainties on immigration, on trade wars, on interest rates, on spending, on building a wall with Mexico…
Alison van Diggelen: Gasse was Steve Jobs’ right hand man when Apple first expanded into Europe. I asked him to sum up the Valley’s reaction to Trump:
Jean-Louis Gasse: They’re waking up to the fact that just like you need clean air and clean water… you need clean information for society to be healthy. It’s an issue of conscience for the people in tech to get up and say we’re going to fight fake news – especially the ones that stem from the top. The danger with an administration or a president like Donald Trump is that he gives permission to lie. … to be offensive…to be homophobic, to be xenophobic… Cultures are nothing but a system of permissions and those come from the top. When you see the President of the US lying – you have to stand up and say: it’s a lie!
Check back soon for part II when we discuss:
Elon Musk’s role in Trump’s economic advisory council and why his decision to stay is so controversial, especially after Uber’s CEO stood down.
And Silicon Valley Leadership Group’s CEO Carl Guardino’s advice to Trump.
By Alison van Diggelen, host of Fresh Dialogues
It’s day four of the Donald Trump presidency and he’s already infuriated women’s rights campaigners, the environmental movement and free trade advocates by signing controversial executive orders. Tech mastermind, Steven Levy put it best in his latest tech report: God help us all.
Millions around the world took to the streets within hours of Trump’s inauguration, in anticipation of these actions and more to come. The San Jose Women’s March took place here in Silicon Valley on Saturday, and in my twenty years in the South Bay, I’ve never witnessed such an outpouring of alarm, dismay and rage. One 70-year old educator I interviewed said that this was the first time in her life, she’s ever felt the need to stand up and take to the streets: not for women’s rights, not for civil rights, but to protest Trump’s presidency. And she was fired up. Today, my report aired on the BBC World Service.
One protester had this message for Silicon Valley tech leaders:
“Lead with faith, lead with truth, and lead with a kind of human dignity that is absent in a lot of our daily conversations…They gotta get rid of the fake news, people are being led down a kind of primrose path, thinking that by being angry and violent they’re going to create a better world for the future…that’s not the path, the truth, the reality that everyone can see here today,” Patrick Adams, science teacher at Bellarmine College Preparatory School in San Jose
Listen to my report and the discussion at the BBC World Service (from 2:40 in the podcast)
Gareth Mitchell: The President Elect became President on Friday….the crowds were back on the streets on Saturday, this time in protest at the new administration. The marches around the world were led by women, but in Silicon Valley, the tech people, male and female were venting their concerns too, along with scientists, and entrepreneurs, all of them worried by Trump’s stance on trade, innovation, science and the climate. It comes in an era of disquiet about Facebook and fake news, of post truth and cyber threats. To gauge the sentiment, our reporter in Silicon Valley, Alison van Diggelen, was at one of the marches.
Alison van Diggelen: I’m here at the San Jose Women’s March in the center of Silicon Valley and the women are out in force…
Yogacharya O’Brian (reading her poem, “Forward Women”): Not to the back of the line, because Delores walked in front; not to be held down, not even by gravity because Sally soared in space.
Alison: That was Yogacharya O’Brian, founder of the Center for Spiritual Enlightenment and one of the rally’s powerful speakers.
Alison van Diggelen: Silicon Valley took to the streets in record numbers on Saturday to protest the country’s new president. Donald Trump’s proposed tax cuts and infrastructure investment could benefit the tech community; the U.S. economy and many of those marching in Silicon Valley. As could his plans to repatriate millions of dollars of tech companies’ overseas profits. Last month Trump even hosted a cordial summit with some top tech leaders. Despite all this, many in this community are fearful of what his presidency might mean for innovation, transparency, multiculturalism, and social progress.
Nick Shackleford: I’m here because of Trump’s election…he is bringing America back in time instead of leading us forward. As a nation we need to go forward and not backwards.
Alison van Diggelen: Here in the world tech center of innovation, what do you expect from this community of innovators?
Nick Shackleford: Like you said, we are innovators and I think we’re going to continue to innovate and lead the country – and sometimes the world – in the innovations that are being developed here in the Silicon Valley. And we have a lot of millionaires and billionaires who are liberal, believe in the cause and are true Californians and they will continue their fight, be it with their money, and their power or just lending their voice to causes that are important to our nation.
Alison van Diggelen: What would you say to Mark Zuckerberg and people like him with power?
Nick Shackleford: I think Mark Zuckerberg did not to enough to stop the fake news. I think he cared more about (getting it re-shared and) his personal stake in his company…and he can’t convince me otherwise. He’s to blame for a lot of the fake media.
Alison van Diggelen: What would you have him do?
Nick Shackleford: I’ve reported about 100 things in the last six months and nothing has been in violation of their policy, but I’ve seen other people get the same picture and be sent to Facebook jail for it. So he’s not consistent, there needs to be more transparency on this fake news fight.
Patrick Adams: They gotta get rid of the fake news, people are being led down a kind of primrose path thinking that by being angry and violent they’re going to create a better world for the future…that’s not the path, the truth, the reality that everyone can see here today.
Alison van Diggelen: Patrick Adams was one of many men who came out to support the women’s march. Like many protesters who couldn’t keep quiet, he was energized by the proliferation of fake news, and Trump’s use of “alternative facts” which continues this week in the heated dispute over his inauguration numbers. Adams had a message for Silicon Valley’s tech leaders….
Patrick Adams: Lead with faith, lead with truth, and lead with a kind of human dignity that is absent in a lot of our daily conversations …Everywhere I go I see wonderful, amazing, beautiful people working together to make this future happen and I also see people who’re giving up…either to escape into an alternate world of the Internet or they want to pretend that this doesn’t affect them. But if affects everyone. Everyone is involved.
Yogacharya O’Brian: We do not wait for you to lead with sons and with daughters in hand, with husbands and with wives, lovers and friends by our side…we march!
Crowd chanting, cheering
[End of report]
Gareth Mitchell: What do you make of the comments you heard there, Bill Thomson?
Bill Thomson: It was fascinating to hear via Alison’s excellent report just how confused people are, and how uncertain they are; and how many different perspectives there are. For me, as a member of the press, what we need to be doing is reporting effectively on what’s actually happening, not just reporting on an agenda set by politicians…So the limitations on women’s reproductive rights, the Keystone XL pipeline, the Dakota Access pipeline, the Transpacific Trade Partnership, the nomination of the Supreme Court justice, are all far more important than the size of Trump’s inauguration crowd.
There’s a real sense from Alison’s report that many people are confused because they don’t know what’s actually going on and are trying to project on that. It’s the role of us in the press to cut through that and be much clearer about what’s actually happening and not get dragged into debates or agendas set by other people.
Read more stories about Donald Trump on Fresh Dialogues
By Alison van Diggelen, host of Fresh Dialogues
On this historic inauguration day – that most of us thought we’d never see – I was invited by the BBC to opine on Trump’s likely impact on the economy, Silicon Valley tech in particular. My remit: to balance some of the pro-Trump hoopla from other guests, businessmen from the U.K. and U.S. who seem to believe that he will “make America (and the UK) great again” overnight. You can listen to the BBC podcast here. Our conversation starts at 20:50.
Here’s a transcript of my conversation with the BBC’s Colletta Smith and Mickey Clark on the program “Wake Up To Money” (edited for length and clarity):
BBC’s Colletta Smith: Also joining us is Alison van Diggelen, a Silicon Valley journalist. Good morning Alison.
Alison van Diggelen: Good morning. Good to join you.
Colletta Smith: You’re in Silicon Valley where businesses have voiced quite a lot of concern about the incoming president. What are your feelings this morning, waking up in Silicon Valley ahead of what’s going to be such a momentous day?
Alison van Diggelen: It’s going to be a very historic day…But the fact is, over 140 tech leaders signed a letter saying Donald Trump is a danger to innovation* and as you know Silicon Valley is an innovation hub, it’s one of the engines of growth for the United States. So there’s a deep feeling of malaise and fear…but at the same time business leaders are pragmatic, they’ve accepted that he will be our president and there’s a “business as usual” mentality amidst that underlying feeling of fear and uncertainty.
*The exact words of the letter were: “Trump would be a disaster for innovation. His vision stands against the open exchange of ideas, free movement of people, and productive engagement with the outside world that is critical to our economy — and that provide the foundation for innovation and growth.”
Continue listening to the podcast
We also discuss Trump’s protectionist, anti-science, anti-environment stance, the fears of a trade war; his cabinet picks and his potential negative impact on jobs, especially clean tech jobs.
By Alison van Diggelen, host of Fresh Dialogues
I recently attended Silicon Valley’s Tech Awards, and despite the inspiring innovators from around the world, there was an underlying mood of disquiet (even alarm) as Silicon Valley adjusts to the imminent reality of a Donald Trump presidency. I asked Tim Ritchie, President of the Tech Museum, what his predictions are for Silicon Valley under a new administration whose leader who has frequently espoused anti-science rhetoric. Here’s his response:
“We need to become a community that values science, that trusts evidence, that’s not afraid of facts, that’s not afraid of the future. My hope is that people will say: we’re Americans, we do not fear the future; we believe we can solve problems. And so hopefully it’ll be a wakeup call to be who the world needs us to be.” Tim Ritchie, President of the Tech Museum of Innovation, and host of the Tech Awards.
Of course, Silicon Valley is not afraid of the future and is full of risk-taking innovators, but as Ritchie says, it has received a wakeup call, and a stark reminder of the political bubble it lives in. There is a thriving tech world beyond Silicon Valley and its sky-high cost of living, traffic congestion and their impact on our quality of life are forcing some residents and companies to look elsewhere.
Portland, Oregon attracted Intel back in the 1970’s and more recently, tech companies like Google, AirBnB, Salesforce, and eBay have moved some facilities to the Portland area. Today Portland is a hub for global sportswear companies and has a growing tech startup scene. I went there to investigate what Silicon Valley and other global tech hubs can learn from its success and filed this report for the BBC World Service program, Business Matters.
Listen to the podcast at BBC Business Matters (The show is titled: How will Castro’s Death Affect Cuba-US Relations?) The Portland segment starts at 29:00.
Listen to the Portland segment here:
Here’s an excerpt of Tuesday’s program and my original report transcript (edited for length and clarity):
BBC host, Fergus Nicoll: Move over Silicon Valley. Today, we take you up to Silicon Forest, zooming up the west coast to Portland, Oregon and its thriving tech scene. A growing number of companies have made that move north. So what are the ingredients that make it a fertile ecosystem for tech startups and what can other tech hubs learn? Over to Alison…
Alison van Diggelen: Thanks Fergus. I took the 90 minute flight north of Silicon Valley to Portland (aka Silicon Forest). It does have a thriving tech scene and I wondered if Silicon Valley has anything to fear from this growing startup scene. I met with Jonathan Evans, a Blackhawk pilot who’s now CEO of Skyward, a drone management startup. Here’s what he said:
Jonathan Evans: If you haven’t been to Portland, you have to come, it’s one of the most magnificent cities on earth. It’s a beautiful, culturally rich city, an urban patchwork of villages, pedestrian scaled and we sit right at the foot of the Cascade mountains and just inland of the Pacific Ocean. This culture is wonderful at supporting innovation, technology and big bold ideas…This is a pioneering place. We’re anchored by Intel’s largest campus here. Intel, the Moore’s-law-driving-machine that’s producing all the chips and there’s a whole constellation of hardware companies that have come out of that ecosystem.
Alison van Diggelen: Although Evans visits Silicon Valley twice a month to meet with clients and investors, he’s not tempted to relocate his business.
Jonathan Evans: I don’t think there’s ever a part of me that wants to stay…(laughter) It’s a personal choice….We live well. If you look at it tenaciously as a business man: it’s half to one-third the cost living here and that translates to the salaries that we have to pay and the rent we have to pay…everything that comes into building a lean venture-backed tech startup really comes to apply here nicely…It’s a very legitimate place to grow a company, and to be backed by San Francisco and Silicon Valley.
Alison van Diggelen: And that cheaper “cost of doing business” has caught the attention of high-priced, highly congested Silicon Valley. Tech companies like Google, AirBnB, Salesforce, and eBay have already moved some facilities to the Portland area. They tend, however to be the support and “backend” part of today’s tech ecosystem.
Polysync, a software startup in the autonomous driving sector recently relocated to Portland, from Idaho. I spoke with the CEO, Josh Hartung. Why did he choose Portland and not Silicon Valley?
Josh Hartung: Silicon Valley is always at the cutting edge, you have the best people in the world, hyper-new type stuff, where you’re seeing machine learning and autonomous driving really being pushed. For us, that wasn’t so important…We’re infrastructure builders, we want people who’re good at the plumbing… we want solid engineers that build backend.
Alison van Diggelen: For a big picture view, I crossed the river to talk with Skip Newberry, the President of the Technology Association of Oregon (pictured at top).
Skip Newberry: We’re still relatively immature… as a true technology hub. We don’t have the deep bench that exists in a place like Silicon Valley.
Alison van Diggelen: And yet, he’s bullish about Portland’s growth potential. A recent report showed that Portland’s tech talent pool grew 28% from 2010 to 2013, even faster than Silicon Valley’s (in percentage terms). Newberry says a focus on talent, access to capital and the regulatory environment is helping. He’s convinced that public-private partnerships in education and the “Internet of Things” will help create the right ecosystem for startups. He cites projects to improve air quality and transportation.
Skip Newberry: One area that we’ve been really active in has been “Smart Cities”– leveraging Portland’s reputation internationally as a global hub for urban planning and transportation systems. We’ve been trying to focus on the biggest challenges cities face, because if we can solve those, it’s something that will allow us to remain competitive in attracting top tech talent, because our quality of life will continue to be good. We’ve got a network of cities around US and globally who’re doing the same thing.
Alison van Diggelen: So does Silicon Valley have anything to fear from Portland? Not for now. Silicon Valley has more established tech hubs like Boston and Austin; New York, and Seattle to worry about. In any case, it’s too busy forging ahead, “inventing the future” with artificial intelligence, autonomous driving, drones and who knows what else?
Fergus Nicoll: Nice piece, Alison. Thanks. That was Skip Newberry, one of the people that believes Portland has the vision and I guess there has got to be an environment that fosters this: state authorities, maybe federal interest in making sure the good news is spread across the states…not just Silicon Valley?
Alison van Diggelen: Absolutely. I think the ecosystem of Silicon Valley is second to none and that was something that I came across when I talked with startup founders in Portland. There isn’t that deep bench of experienced people, the venture capital…
Fergus Nicoll: Explain that phrase “deep bench.”
Alison van Diggelen: I think it’s a baseball term. It means experienced business people: angel investors, venture capitalists, people who have started companies and have scaled them up: from a startup to the size of Facebook, Google etc. Portland is a relatively young tech hub and so they’re still establishing that talent base. What Silicon Valley has is a self perpetuating cycle: you’ve got the innovators, the risk-takers, the early adopters and it all reinforces. There’s a cycle going on: the people who’re successful become angel investors, venture capitalists…they’re all focused on Silicon Valley, because they’re here in Silicon Valley. Despite our connected world, doing business with eye to eye contact is still important.
Fergus Nicoll: Parag Khanna, is there endless room for such hubs or should it be focused?
Parag Khanna: It was a great piece. I have been to Portland and the geography does matter as well as the cost of living. It’s very close to the Vancouver/Seattle corridor, a wealthy, high quality infrastructure, diversified businesses, also a lot of talent spilling over from there and obviously sales opportunities for Portland based companies. And as the story reflected: talent spilling over from Silicon Valley. The geography is wonderful for this and people can live in between these two great, very deep bench economic zones and yet have a very high quality of life and affordable cost of living.
Continue listening to the podcast for these discussions:
Tech Clusters in Asia: Parag Khanna offers some excellent insights.
A “Masterclass” in public speaking (featuring the fearless Lucy Kellaway of the Financial Times)
The future of Cuba/US relations, post Fidel Castro: I’m predicting the business opportunity will be irresistible for President Trump and we’ll soon see a tech hub in Havana, as well as a brand new Trump tower.
To explore other interviews and reports for the BBC, check out the BBC Archives at Fresh Dialogues.
NB: This report and other BBC Reports and BBC Dialogues at Fresh Dialogues are shown here for demonstration purposes. The copyright of this radio report remains with the BBC.