China just banned ICO fundraising. They did Silicon Valley and the U.S. a favor - now we get first dibs.
Silicon Valley tends to fall in love with the new new thing.
If you crave further confirmation that Silicon Valley is a magical place where magical thinking reigns, consider the tale of Roku, the video streaming company that filed to go public Friday, when alert people everywhere were headed out for a long weekend.
The institutions that we've built up over the years to protect our individual privacy rights from the government don't apply to the private sector. The Fourth Amendment doesn't apply to corporations. The Freedom of Information Act doesn't apply to Silicon Valley. And you can't impeach Google if it breaks its 'Don't be evil' campaign pledge.
I'm probably most proud of the fact that we are bootstrapped and that we are able to do not just the typical Silicon Valley startup thing. We are basically throwing away all the typical conventions of other startups.
When I was in high school and college, I'd always been into websites, and when you'd read about sites and the companies and people behind them, they were always in Silicon Valley. This one's in Mountain View, this one's in Palo Alto. They're all right here. I knew I wanted to move out here, whether it was to work at Google or some other company.
The amounts of money in Silicon Valley are staggering.
I have a feeling that life as a billionaire in Silicon Valley is very different than the life that you or I would lead. Unless you're a billionaire; I don't know your financial situation.