"lack of real content"....It's hard to say things without it sounding negative. I think many countries have talented engineers, but I will try.
When the whole world asks if they can compete with SV, they ask it for a reason. SV is in fact - exceptional. There is no other SV. That is why the world asks "Can we compete?".
Can you imagine the reverse? There are no groups of people attending a talk in SV asking "can we compete with Paris?".
That doesn't mean that Paris, or any other city, doesn't have smart people at work on great things. I am sure they do.
But to imply there are no advantages in SV is a bit hard to believe. After all, the people in the video gathered to hear the SV expert :)