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Attracting corporate dinosaurs like Exxon and HP isn't the foundation for innovation.
Agree, but do you think it will change?
Few things I've seen:
-There's very little capital in Texas, except dinosaur money that doesn't get innovation. So you have to go to NY, Boston, SF, maybe LA or Chicago. That's where all the large venture funds are.
-Valuations are much lower as a result of the above. The few startups that are there can't raise as much money or at the same price as ones in California.
-Too much focus on incubators, subsidizing lab space, and artificially trying to prod the startup sector. Lots of other places with light startup activity do this, so there's tons of competition and California doesn't need these gimmicks to sustain its startup community.
-Too much rule following. A lot of Texans are taught to follow rules, not break them. This is a big problem throughout the South, but the overriding corporate cultures, especially outside Austin, have too many old school people who wear ties and follow rules of "proper attire" and "proper behavior". This type of attitude does more to kill innovation than Gavin Newsom's nonsensical regulations ever could.
18Montclair, you were off topic. Doing you a favor, I'm starting a thread on COVID rates in the California forum so we can have that discussion there.
Meanwhile, the question of how does Texas become more innovative, and attract more VC, is one I think would be interesting to hear more views on.
Nope, you responded to my post about umemployment rates and you introduced covid into the conversation specifically calling out the governor-and the question of state governance in CA is totally pertinent to this thread.
Seattle is at least tied with Boston in tech. Or stated another way, putting Seattle as Tier 2.5 and SLC and Raleigh-Durham as Tier 3 is greatly flattering SLC and Raleigh-Durham.
There's varying takes regarding the man, definitely. But one thing's for sure, it would be interesting to see the stark contrast of this sci fi visionary with the practical old oil barrons that have traditionally held wealth in Texas.
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And Texas cannot reform, they are incredibly resistant to change.
It can pull it off if there's enough alternative viewpoints being cultivated in the big cities. Not just Austin, but also Dallas, Houston, and San Antonio - they're large enough cities, I'm sure at the grass roots something is there.
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They won't even establish a rail line.
There's a high speed railway project planned between Dallas and Houston. There has been opposition, but last I've heard, the company behind the project stated that construction would start somewhere by Q1-Q2 of 2021.
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The biggest problem Texas faces is it's people.
No argument there.
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Attracting corporate dinosaurs like Exxon and HP isn't the foundation for innovation.
No, but it could potentially be crafted as leverage, if one is savvy enough.
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Originally Posted by TheseGoTo11
Agree, but do you think it will change?
Few things I've seen:
-There's very little capital in Texas, except dinosaur money that doesn't get innovation. So you have to go to NY, Boston, SF, maybe LA or Chicago. That's where all the large venture funds are.
-Valuations are much lower as a result of the above. The few startups that are there can't raise as much money or at the same price as ones in California.
-Too much focus on incubators, subsidizing lab space, and artificially trying to prod the startup sector. Lots of other places with light startup activity do this, so there's tons of competition and California doesn't need these gimmicks to sustain its startup community.
No argument here.
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-Too much rule following. A lot of Texans are taught to follow rules, not break them. This is a big problem throughout the South, but the overriding corporate cultures, especially outside Austin, have too many old school people who wear ties and follow rules of "proper attire" and "proper behavior". This type of attitude does more to kill innovation than Gavin Newsom's nonsensical regulations ever could.
Not sure that I agree with this take. If anything, from a popular standpoint, Texans seem to really hate rules - many are willing to "cut corners," and want regulations as loose as possible when it concerns business activity and government activity (and also guns). Not to mention that, throughout the state's history, the "Wild West," and the independent ethos within, was always epitomized - in contrasted to the prim and proper genteel cultures seen in the Old South.
Such spirit shows when you see cities like Houston that don't even have zoning laws. It's true that there's a lot of conservatism within mindsets of many in the state, whether in political affiliations, as well as within corporate and other customary roles - but does feature a more Libertarian bent.
Last edited by kemahkami; 01-07-2021 at 05:57 PM..
Such spirit shows when you see cities like Houston that don't even have zoning laws. It's true that there's a lot of conservatism within mindsets of many in the state, whether in political affiliations, as well as within corporate and other customary roles - but does feature a more Libertarian bent.
Yes, this is true.
I have family in Huston, and even east Texas is not so much like the old confederacy.
They are very libertarian, with a slant towards harsh police punishment.
Not very traditional people in my opinion, nor do they have a paternal relationship with the rich or poor (the big businesses seem to be more everyone for themselves).
The people are patriotic, but that can only get you so far.
There's a common form of patriotism that ends at the wallet, and considers government "they" not "us." This seems to be common among self-identified patriots, but doesn't seem very patriotic to me.
There's a common form of patriotism that ends at the wallet, and considers government "they" not "us." This seems to be common among self-identified patriots, but doesn't seem very patriotic to me.
I personally never liked Texas, but the people there see it differently.
To them, Texan patriotism is the right to not care about anyone else.
That is why most Texans don't care about preserving history or traditions, but rather keeping their property untouched.
I personally never liked Texas, but the people there see it differently.
To them, Texan patriotism is the right to not care about anyone else.
That is why most Texans don't care about preserving history or traditions, but rather keeping their property untouched.
That’s why there is very little public lands and parks in Texas, the entire state is almost all private property. Billboards everywhere and the same retail chains and big boxes every mile and half on infinite loop. Someone in previous pages said “Texas is the future.” Well that future looks pretty dystopic to me even though the growth rates and economy is good. Kinda like China.
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