"The controversial genius developer/writer/entertainer Paul Graham writes an insightful piece on Why Startups Condense in America. Here's the skinny: "The US allows immigration, it is a rich country, it is not (yet) a police state, the universities are better, you can fire people, work is less identified with employment, it is not too fussy, it has a large domestic market, it has venture funding, and it has dynamic typing for careers. Inquire for details within."
Given that New Zealand's future prosperity lies in capturing a healthy slice of the technology and finance wave, how do we compare on the above factors? Should we be trying to capture the innovation of small startup firms, or looking to lure larger more established players? Or do you disagree entirely and see New Zealand's GDP growing from other areas - if so what?
Tags: nz, new zealand, venture, entrepreneurship, finance, technology
Tuesday, June 13, 2006
An important question for New Zealand to ask itself