Also, there/are were other tech centers that proved just as if not more attractive than Silicon Valley.
Over 10 years ago, I had a coworker who remarked that all her classmates who stayed in China had become rich. She said that it was because it was an open field.
All you had to do was take a proven American concept and apply it to China. Since there was no existing infrastructure or competition, you had the whole market to yourself.
This wasn't just applicable to tech. People were doing things like opening coffee shops (queue the Luckin Coffee fraud 10 years later).
Also, look at Spotify, JetBrains, WhatsApp, and Shopify.
Over 10 years ago, I had a coworker who remarked that all her classmates who stayed in China had become rich. She said that it was because it was an open field.
All you had to do was take a proven American concept and apply it to China. Since there was no existing infrastructure or competition, you had the whole market to yourself.
This wasn't just applicable to tech. People were doing things like opening coffee shops (queue the Luckin Coffee fraud 10 years later).
Also, look at Spotify, JetBrains, WhatsApp, and Shopify.