As Managing Director of T2 Venture Capital, a Silicon Valley venture firm that helps build “innovation ecosystems” around the globe, Victor Hwang knows quite a lot about what it takes to create an environment where high-tech startups can grow and thrive.
In fact, it’s the subject of his new book - The Rainforest: The Secret to Building the Next Silicon Valley, with co-author Greg Horowitt. We asked Hwang to share some of those insights:
Q: What are the essential ingredients for an area hoping to become the next Silicon Valley?
Hwang: You need both the societal hardware and the human software. The hardware is the basic building blocks: talented people, professional organizations, market policies and good physical infrastructure. But lots of places have that hardware. The harder thing is the software, which is the cultural patterns of behavior. That software consists of diversity; motivations that are more than just “having a job”; trust between strangers; principles of fairness, collaboration and experimentation; and social feedback loops that penalize bad behavior and reward good behavior.
To read the full, original article click on this link: VC Victor Hwang: How To Create The Next Silicon Valley
