More from @pmarca
A tweetstorm from
5 years ago — @pmarca
1/One of the special things about our industry is how intellectually generous many of the leading participants are (no, I don't mean me :-).
2/When I arrived in Silicon Valley in Jan 1994, I sought out all of the written material I could on startups & venture capital.
3/I found exactly two books. An excellent but dry financial analysis of startup returns, and an excellent but dated book by Gordon Bell.
4/So then I looked for magazines, and found exactly one: Red Herring. Which for several years was the best magazine about startups.
5/But, in 1994, Red Herring was ~8 (?) memographed pages, cost $12 (?), published every 2 months (?), & available at only a few newsstands.
6/That was it. I knew there was more material at Stanford & Harvard business schools but I couldn't get to it. There was nothing else.
7/Today, 20 years later, the difference is *profound*. Many of the leading theorists & practitioners share *huge* amounts of info for free.
8/That's a big difference in SV, but what I hear every day from people all over the world=what a big difference it's making everywhere else.
9/A 14-year-old kid in Indonesia w/smartphone has access to 10,000x more info on tech & startups today than I did in Palo Alto 20 years ago.
10/And the cycle is closing: there is startlingly profound new thinking happening all over the world & coming right back to Silicon Valley.
11/In our industry, it's hard to underestimate the consequences of a positive feedback loop -- and this is a positive feedback loop.
12/Assumption *must* be: Tech entrepreneurship all over the world is going to expand a thousand fold in the next 20 years. How could it not?
.@pmarca In fact, the 95 Theses that Martin Luther nailed to the door in Wittenberg Germany was basically the first #tweetstorm :)