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Comment by snovv_crash | Hacker News Reader

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snovv_crash·

The most populous country in the world has invested more in startups than a small region of the US.

Honestly, why is this news?

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It also invested more than US+Canada

https://news.crunchbase.com/news/in-q2-2018-global-vc-scales...

Now this I consider news.

Because this wasn't the case before.

Because the USA have been screaming they are the best in the world for decades, while their leader have been making sure it won't last.

Now, we are at the tipping point where China is looking more and more like the world most powerful country.

Unless leaders was a typo and you meant leaders, as much as I disagree with our president, I don't think you can blame him for China overtaking us in VC

It's really just that China is doing an excellent job of developing itself, and they have 4x as many people. Once they reach a reasonable level of development - doesn't even need to be close to the US - of course they will have more VC, and be more powerful

It's a really limiting view to think your potus is your only leaders.

Also, you can only buy something if somebody has the will to sell it.

That small region of the US has been, for the last few decades, the global broker of capital and talent working in tech. Silicon Valley is a hub of international activity. The news here is that another place, China, has found ways of brokering the relationship between talent and capital without SV.

Sidenote: The Alipay deal is really more private equity than VC.

Because it includes the entire U.S.

>>China is driving ahead of Silicon Valley and the rest of the United States on venture capital dollars invested into startups

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