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General Catalyst CEO Hemant Taneja: Silicon Valley glorifies the wrong values. "Kindness and ambition are not at odds with each other." "In Silicon Valley, we glorify the 'asshole symptom' of founders thinking it's almost a necessary ingredient to succeed." "I don't think it has to be that way."

292,561 views • 4 days ago •via X (Twitter)

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David Sacks: Silicon Valley Was Built On Permissionless Innovation “ The thing that really makes Silicon Valley special is this concept of permissionless innovation.” “Since Hewlett and Packard 85 years ago started building Silicon Valley, the idea has always been that just a couple of founders can have a great idea, start their company, they get some angel investors to write a check for seed capital.” “Those investors think they're probably going to lose their money, but they figure there's a shot.” “It could be the two guys in their garage, or it could be the college dropout in the dorm room, and they don't need to go to Washington to get permission for their idea, right? It's permissionless innovation.” “That's what has made Silicon Valley the crown jewel of the world.” “It's why so many of the heads of state who are here are always asking, ‘How do we create our own Silicon Valley?’” “That was not the direction we were on when President Trump came into office.” “The new 300 pages of regulations concerning AI the Biden administration left us with would've changed this environment of permissionless innovation to an environment of you have to go to Washington to get approval for your idea.” “And I think that President Trump really corrected that.” “And since then, we've been implementing his AI action plan, which is all about pro-innovation, pro infrastructure, pro-energy, and pro-export.” “So it's been a total change. And I think just in the past year you've seen the results of that.”

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Palantir cofounders Alex Karp AND Joe Lonsdale break down why average Americans hate Silicon Valley in the immediate aftermath of the SVB collapse: Lonsdale: “I remember being on the phone with Alex and a prominent VC 18 years ago. The guy was laughing saying we weren't a serious company because Alex didn't have a technical degree.” “Alex now has $1.5B in treasuries and no exposure to any of the banks in Silicon Valley. So, he showed that guy.” “That guy wanted us to do social media at the time. He said, ‘Why are you working in defense?’” Karp: “We lead the world in tech. We need the innovation, and Silicon Valley institutions are crucial.” “There is another issue— why is Silicon Valley unpopular? Leaving aside things that Joe’s invested in and cofounding Palantir, a lot of what Silicon Valley has done is not something that anyone wants to support.” “It's building these large industries where only a small group of people get wealthy and everyone else feels like, ‘Well, what did I get from it?’” “Why is Silicon Valley so unpopular? Because there are so few companies that choose America and its allies over our adversaries. That build things that actually have an impact on humans in America.” Lonsdale: “I work on a lot of healthcare companies and companies in biotech that have saved hundreds of lives and will save thousands of lives.” “Are there ridiculous things in tech? Were there monkey JPEGs? Yes. There's all sorts of ridiculous things. I think right now there's a lot of hate coming from people who think in terms of bumper stickers on the left and the right, tolling unwarranted.” Karp: “The thing that scares our adversaries the most— more than anything else— is the innovation in our American tech scene.” “Silicon Valley would do well to understand— we’re the bedrock of innovation in the world— why do most Americans not like us? Asking that simple but legitimate question is super important for our country.” “Silicon Valley once built things for the military and then exported it to everyday Americans. And all over the world. And de facto, that's what we've done.” Lonsdale: “There was definitely a bubble in tech.” “There were a lot of silly things going on that weren't focusing on the stuff that mattered, that Alex is talking about.” “You know, if Alex hadn't done what he'd done, he prevented tens of attacks on American soil. He saved the government billions of dollars.” Karp: “By the way— Joe is an incredible co-founder and a really courageous person.” Via FOX Business’ Liz Claman in March 2023.

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