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The East Coast and Europe missed the Silicon Valley model due to a lack of the same frontier spirit and risk-taking culture.
The East Coast and Europe haven't replicated Silicon Valley's success due to a lack of high-trust environments and fear of missing out, which drive risk-taking.
The East Coast and Europe missed out on the Silicon Valley model due to a lack of frontier spirit and risk-taking culture.
The East Coast and Europe haven't replicated Silicon Valley's success due to a lack of 10,000x returns and a high trust ecosystem, which are driven by the fear of missing out.
Scott Galloway argues that America's ability to hire and fire easily contributes significantly to its innovation. He believes that the freedom to fail and take risks gives the US an edge over Europe.