| Uber has had so much bad news over a month. Add to to this they still got a funding round at 40 Billion valuation, they have been frivolent about their practices and unethical about their devices. The BD attitude is prevalent of Wall street (Read Pokers Liar and other Michal Lewis) Consider Infosys an IT company built in India 33 years ago having a market cap of USD 75 bil and employing 200,00 ppl http://finance.yahoo.com/q?s=INFY Infy is decried and 'defamed' as a company which does just 'services' while all innovation happens in valley. OK, agreed What has happened in valley recently is that arrogance and growth (at unprofitable means ) value more than creating successful businesses which are sustainable but which whip up media frenzy, Groupon, Zynga. Businesses like Infosys, TCS have created more shareholder value by being humble than all of these so called hot Silicon Valley (flip to the greater fool) companies. You would have heard about Andrew Mason, Marc Pincus but many surely don't know NRN, Nandan Nilekani, Ramadorai,Vineet Nayyar, CP Gurnani, Chandra and Azim Premji. Someone do an analysis how much shareholder value these guys created over a period of time Ex Alumni of these disciplined companies are starting to build the new generation of product companies (no services BTW sorry folks) and we/they thing big while maintaining financial discipline and efficiency. With this kind of financial discipline, long term approach, and growth over a long period of time these companies will beat this culture of hubris and arrogance in SV which is prevailing right now. How is Groupon doing, someone please put a graph of there mentions in press over the past 5 years. Same with Zynga, and I predict Uber Lets revisit after 5 years. Let the SV valley VCs on Sand Hill road remain, while the world is disrupted with tech they cannot understand yet. Joseph Schumpeter said creative Destruction. SV and Sand Hill road is gonna get disrupted very soon. |