As someone from the Detroit area, I’d rather not see more clusters. Detroit was SV before SV existed and the economy is still very one dimensional because of it. Cities need to diversify as much as possible.
Yes but "tech" companies today are pretty diversified - to the point lots of people argue some of them aren't really tech companies. Is Airbnb really a tech company? Idk but I guess their business rely more on the travel & tourism than the tech market.
Detroit didnt diversify enough, toydays tech companies have their hands in almost all global markets. Add to that, Detroit sprawled out of control and its infrastructure declined. If you want a decent cluster for companies, build solid public infrastructure using metros trams and trains
I mean, at this point, technology is not the Wild West it once was. The technology, to me, doesn’t seem as groundbreaking. Like, what was the BIG technology thing last year? Zoom. Which is just FaceTime for a lot more people. So yeah, regional hubs to do specific things with technology? Yeah, that can help keep and expand on jobs. But what’s the key? INVESTING IN YOUR CURRENT POSITION. Stanford university created that research park and allowed whoever wanted to start a business the incubation needed to do so. Sure, taxes matter, but so does labor force. And California will always have the climate and atmosphere people want to go to.
@@heydude4193 - Cities have flooded since the dawn of civilization. Human ingenuity solves problems. It's what we do. The earth is not a friendly place; we have had to alter it to suit our needs. Miami does not flood as frequently as it did a hundred years ago. We are fine, but as I have told others on this comment section: please continue to tell people how terrible it is in Miami, maybe they will stay home or move somewhere else and real estate prices can go back to being affordable.
Ding ding. They are one hurricane away from insurance not doing shit for people and everyone coming up to Atlanta. Yes I said it. Lived in Miami for 5 years and came back home to Atlanta. Microsoft doing a 90 acre campus here and Airbnb just announce they coming too. Capital of South has always been Atlanta.
Zero chance. The Silicon Valley companies have all embraced far left woke identity politics. Míamí is as anti-woke as it gets. You really think Míamí will embrace tech soyboy dweebs who go around saying things like “men can get pregnant” and “math is white supremacy”? Lol
@@sheevpalpatine8628 Sounds like the reason rightoids call Sweden a "failed state". They actually make their crime records wide open; they still actually believe in governmental/police openness.
With the rise of remote work, I question whether anywhere will be "the next Silicon Valley". Sure, companies will still have offices that are grouped together, but tech employees will have the luxury of choosing where they want to live more than ever before.
Yeah, other cities are definitely capitalizing on that. In Sacramento there are quite a few "co-working" facilities where tech folks can go and rent a desk or office. Many of them work for Silicon Valley companies, but live in Sacramento for the lower housing costs.
Cities are probably still going to pay big money to get the big tech in their town even if they're going to make even less money out of their presence...
Considering all the major tech companies have launched sizeable projects since the pandemic started, I question that. It's definitely better to do things in person, I don't deny that, but post-pandemic that need can be handled via business travel for the few times it's necessary. There isn't as big a need for Facebook and Google to have offices next to each other if their engineers will be remote for the majority of the time (and many of their internal polls are showing that a majority of their workforce wants to be).
Silicon valley was also built on contracts from the US Army. Stanford kept close ties with the DoD and was one of the few nodes of the Darpanet for a reason. The resulting long-term and highly-profitable government contract brought a lot of money to the valley.
Ames over in Mtn View was also one of the main defense wind tunnel testing sites after WW2. With aerospace research during the Cold War there was a demand for computational fluid dynamics research, which created a demand for computer programmers and computer scientists. Stanford of course was in the middle of all this as well.
The main problem with these Valley wannabes is their only competitive advantage is a "race to the bottom" of tax give-aways. But if cost is the only advantage, a company can move as easily from Bay to Bangalore as it can Bay to Boise. A strong research base and iconoclastic culture are the main prerequisites.
Spot on. Anyone talking about places like Dallas or Miami becoming tech hubs are extremely disconnected from what drives innovation in tech. Money is really the least significant problem to tech of almost any problem, I mean have these people seen the market caps? Cultural fit is #1 by miles with no compromise.
@@treyshaffer watch 8-bit guy series of videos on Texas technology. a lot of computer manufacturers (even Dell and AST) started off there. Not to mention TI, and quite a few tech related companies that dominated the 90s.
@@83hjf Well Austin likely has a strong future going for it. And I don't mean to say that all cities that don't make sense culturally have *zero* future in tech, just that it's unlikely they'd becoming tech hubs. Dallas, Houston, San Antonio, and other Texan cities will have software engineering opportunities because they are big cities so that comes along naturally, but I don't think the tech presence will become a dominant industry of any city in Texas excluding Austin, largely because of cultural fit.
@@83hjf How about Massachusetts, for that matter? Ever heard of the '80s Massachusetts Miracle that birthed Digital and Wang (obviously long-forgotten now, but major players in the first computer revolution)? Harvard and MIT are there as well. Yeah, I know, "the climate"; well, Californians are about as scared of Florida's heat and humidity (and hurricanes) as they are Massachusetts's winter cold and blizzards.
This is what people do not get. Oracle and HPE get a lot of press for moving to Austin, but their biggest dev centers are in India. Austin is just a pitstop to outsourcing all jobs. If the only reason you are moving is to save money then you are perpetually in a race to the bottom to move to the cheapest city. Innovative companies like Amazon, Apple and Google move to where the talent is. Amazon for example opens dev centers in the Bay Area and in NY both of which are much more expensive than Seattle.
@@notahuman2671 - Miami is fine, it will not go underwater at least not in the next thousand years. There are pictures of areas with watermarks from the 1920s that are the same today. No difference. You know what, on second thought, yeah, Miami is totally going to get destroyed. It's best if you and every other Climate alarmist just stayed away.
@@JohnPrepuce is your last name actually prepuce? as an aside for anyone else reading who may be wondering about prepuce's point, sea level change in the past 100 years has been slowed by fresh water impoundment in the mid-20th century (i.e. the mass construction of dams) and due to the compounding nature of GHG accumulation and the exponential increase of their generation, most of the increases in sea level expected to occur will occur in the next century. So, looking at the past century as a gauge without considering the aforementioned factors is really faulty thinking. (See: sealevel.nasa.gov/news/191/nasa-led-study-reveals-the-causes-of-sea-level-rise-since-1900 , www.climate.gov/news-features/understanding-climate/climate-change-global-sea-level)
Florida first needs to get rid of their non compete enforcement. Silicon valley is created with the idea that people should be able to jump ship to a competitor or start their own business that's better than their current employer without worrying about getting sued. California doesn't allow non competes.
I would also say that Florida has a big tool they can lean into; Location. Florida has easy access to two large bodies of water, the Atlantic and the Gulf. Imagine large industries dedicated to coastline management that can make sea level rise just a small concern, instead of a life-threatening force?
Its not enforceable it is just not explicitly and clearly against the law. It the IP laws are the issues. In CA any IP done outside of work hours property is yours. In Florida they allow a firm to claim all your IP if its related to your Job regardless of the whose money and time was spent on it. That has a huge negative consequences for start-ups.
@@shanekeenaNYC You don't understand tech. The reason they are worth so much is they can scale with not much extra workers. Same software can be sold many many times over, with the same cost, vs just 1. You cannot do that with manufacturing based company and you cannot make money off coastline management.
It's not just Stanford. Heck, UC Berkeley, UC Santa Cruz, San Jose State, UCSF, USF, Santa Clara University and more. Venture capitalist firms are centered in and around Silicon Valley, in part because the area is brimming with a bunch of genius minds straight out of the multitude of world-renowned universities in the area, so with that there's plenty of VC firms willing to finance the next big idea.
This makes sense only if you understand that modern tech IPOs are just money laundering for the underwriters, VCs, series A investors, and top execs. The employees who built the company usually get nothing due to a 6 month lockout from selling which the others don't have to suffer under. Tech needs talent. Miami doesn't have it.
Miami has plenty of talent but not technology talent. More like criminal talent. People with some kind of scam/hustle. Guess which area of the US is #1 in Medicare fraud?
Not exactly, they may get something if they are worth keeping or they will leave. On the other hand you get paid handsomely if you work for FANG and not having to deal with IPO.
Fairchild itself was a spinoff of Shockley Semiconductor. The so-called "traitorous eight" who refused to put up with William Shockley's abrasive personality eventually left and founded Fairchild. Eventually Shockley Semiconductor was purchased by another company which attempted to move it to -- guess where -- Florida. That wound up being the fatal blow to the pioneering semiconductor firm.
Being a current resident and having been raised here and seeing how politicians have for decades used taxpayer money to jump on fad after fad, my answer to your question in the title is: HA HA HA HA HAAA HA HAAAAA!!
Just to add my two cents in this: Replace "Silicon Valley / the Tech sector" with any other name of popular and trendy sectors that can generate a ton of revenue for a given city, and it can be a perfect storm of sustained innovation, opportunity, and revenue streams if a given sector's growth can be controlled with housing and infrastructure being able to keep up or come close to it. On the other side of the coin, as we have seen with places such as major cities in California, where growth has increased year over year, is not able to mitigate the obstacles of building affordable housing and reducing wealth inequalities for other people in other sectors that don't pay as well, neighborhoods and eventually communities start to deteriorate. A community is not without the people, and I mean people at every level of wealth and socioeconomic status. Any politician that only sees dollar signs when it comes to attracting not just Silicon Valley but any major industry without thinking about the important negative consequences that come with hosting them and not have housing and infrastructure scale to meet current and future demand before they arrive are gonna end up with a deteriorated quality of life for everyone, not just for the locals that have lived there for a long time, but for the new comers that arrive.
Yup, as a Bay Area native I despise Silicon Valley. Unless you’re rich, a homeowner, or work in computing, the arrival of the tech industry has had a massive negative impact on our quality of life due to the massive increase in housing prices, turning the Bay Area into a rich person’s playground while displacing us regular folk into ever-shrinking low income neighborhoods, the valley, or out of state. And on top of that a huge amount of $ doesn’t even go to California via taxes due to all the out of state tech workers (kinda ironic other states whine about Californians moving there when they’re the reason we had to move lol) so we don’t even see the benefits of economic “prosperity”
@@JoeTheBroken It would have all been okay had the native homeowners not gone overboard with Prop 13, NIMBYism and historical preservation of random single-family homes. The outsiders would have been perfectly fine with building 3-5 story apartment buildings across the Bay Area but the native homeowners wanted to live in the late 20th century forever so they said no.
One issue with housing is that the Valley is basically just one big suburb (excluding San Fran). Prices would probably be more reasonable if there were some mid and high rises
Im guessing you're a swede. Hej fra Danmark. Can you tell if the gothenburg tower is still scheduled? I am talking about the square one with twisting corners.
At least Gothenburg had the best cluster of all time... the Gothenburg melodic death metal cluster \m/ Which essentially is why so many 2000s metalcore bands sounded the way they did.
Absolutely. Miami has an elevation of 6ft. Even some of the most serious scenarios of climate change have sea levels rising only about 1 and a half feet by 2050. Miami will go underwater. It’ll just be later than a lot of people think.
You mentioned it briefly but I think a big factor is education. Silicon Valley, Austin, and Dallas all have great university computer science and electrical engineering programs (as well as in related fields such as business). Does Florida? With all due respect, are there any good academic programs in Florida? I think maybe The U has a good law school... maybe? I worked at a software company in South Dakota and the only reason they were able to thrive there was the relatively good computer science program at SDSU. Granted with remote work, this could change but salaries would have to match too. I don’t see too many UC Berkeley computer science grads leaving six figure salaries out of undergrad to take a pay cut in Miami, regardless of the tropical weather.
I didnt know they had any software companies in South Dakota and besides miami is catching on the tech start. Up scense but its Nashville thats becoming the next silicon valley if not just the silison valley of the south its not just Cowboys country music and farms down there is no more that place do much many california are flocking there
Pretty much. It’s simply not feasible for every worker not earning a 6 figure salary to commute from Modesto, until automation kicks off it’s gonna be harder and harder to find lower level workers (something I think is playing into the lack of employees for companies- housing prices in most large cities are completely unaffordable for the wages they offer). Eventually something’s gotta give.
finally a video on my hometown :D actually, a cool history fact, some people consider it starting with the industrial area to the north of silicon valley, where there were a lot of factories helping with the american war effort. after the war was over, they didn't really have anything to make, so moved to hi-tech instead.
@@mattahmann Elon and his boot lockers can say “it’s being done” all they want, doesn’t change the fact that the Boring company is a complete failure at achieving what it claims to and never will. It’s just Elon trying to reinvent the subway, but make it really shitty
@@Ragon_Reel so Miami should dig miles down into bedrock so that they can create a...pseudo-subway? You do realize how stupid your comparison sounds right?
@@ClementinesmWTF I like the idea of a hyperloop, I think the naysayers who call it glorified high speed rail are ignoring how much faster it is compared to even planes, as well as being much more energy-efficient then any train. Idk how feasible it is in the near term but I do think it’s the future of ground-based transportation, maybe even more-so then automated vehicles
Interesting to see the role of education played down a bit. I’m not sure if UMiami or FAU has the same built in tech advantages as Stanford or Berkeley, though I’m sure they breed other benefits for the region they can tap into, as you said
I'm Irish and I never heard of the Silicon Bog in Limerick. My city Cork is home to many pharmaceuticals as well as Apple's European headquarters. Dublin is trying to become a global financial centre with the IFSC.
Yeah, I highlighted Limerick because I hadn't heard of that one either and it proves the point that just about everywhere thinks they are going to be the next Silicon Valley. I also highlighted it because Ireland is one of my favorite countries!
@@CityBeautiful limerick has been getting huge investments lately from all sectors of labour so i wouldnt be suprised if it does get a bit more popular in the next few years
There’s also the Silicon Hills of Central Texas. It’s the second most successful of the “Silicon” regions only behind the Valley, and it’s quickly becoming the new hot spot. All the largest Silicon Valley tech firms are either creating co-headquarters there or just straight up moving their headquarters to Austin. Plus the plethora of start-up and access to UT, there’s no way Miami will be able to wedge its way into the competition among already great tech cities.
I find it interesting you argue towards the end that government policy efforts don't help create clusters of industry. I'm no expert like you but Montrèal, Québec has become a video game development hub. Companies like Warner Brothers, Ubisoft, Bethesda, EA, Eidos/Square Enix, Epic Games and more all have studios in Montréal. Part of that is definitely due to the amount of universities in the city but from my understanding once a lot of the industries that used to dominate the city of Montréal started lagging or leaving (due to separatism) the provincial government started subsidizing new media greatly. Eventually Ubisoft (a French company) founded an office there and found great success. This snowballed into a development hub still spurred on by high levels of provincial subsidies. I think this could be an example of government policies/efforts helping create an industry cluster and boom.
Maybe not exactly the same idea but Atlanta has become a major hub for the movie industry in the last decade. They followed similar policies to what Miami proposed and while Atlanta will never topple Hollywood as the movie capitol of the world, it has become a secondary hub and given the city an economic boost. Maybe Miami can be a similar story as a regional Tech hub and bring itself an economic boost even if it never becomes the next Silicon Valley.
Atlanta makes a lot more sense as a tech hub than Miami. It even has a top 10 university in Compsci. I see Miami as taking a bite of finance and hedge funds, but it stretches the imagination that they'll ever become a tech hub
Did you know that in the 1920s Hollywood executives tried and built a city in Miami only dedicated to movie making? The idea was that it would be an alternative to Hollywood but after a hurricane it was destroyed and never tried again even though it was a project that was built and even in the first stages of working. Was just bad luck and the incoming Great Depression.
A good look at industry clusters! Also looking forward to a video about Detroit when you do one! And you're right about how durable some clusters can be. Minneapolis (where I am) was _major_ cluster of flour milling in the late 19th and early 20th centuries, and major food and grain companies like General Mills and Cargill are still here as a legacy of it. (International Multifoods was too, until they got bought by Smucker's. As was Pillsbury before the company was dismembered.)
I second a video about Detroit! Metro Detroit is easily one of the most overlooked regions in the country (at least, in popular media, youtube, etc.) Although the city saw a decline in population, the CSA has a population of ~5.3 million.
The mayor has been doing a great job pushing Miami to be a tech hub. He’s also a proponent of Bitcoin and, I believe, has put some of their treasury into it (à la Tesla). 7:21 “Silicon Slopes” is a term for the Salt Lake City area. Many large tech companies have been opening offices out there.
I wonder if it also helps that Silicon Valley is on the West Coast, with easier trade access to Asian countries, as well as faster transportation for business purposes. Miami by comparison seems kind of like it’s in the middle of nowhere.
Miami's closest areas include the Caribbean, Latin America, West Africa and southern Europe. These regions of the world are more suited for other industries, as it's proven with its intense tourism, and Latin American media and cultural exchange hub status. California does get the big advantage of the huge and cheap labor force of the Asia-Pacific region, but that also means it's been nurturing actual genuine rivals. Places like South Korea, Japan, Taiwan and the Pearl River Delta area of China are actual tech hubs focused on hardware.
miami by no means is in the middle of nowhere, it’s often called the capital of latin america because of its importance to LA finance, it already has a good base and source of cheap labor with central/south american immigrants, it just needs the education firms to catch up in the tech sector
Another factor is human capital. California has lots of great engineers due to the research universities there as well as the fact that tech companies are already agglomerated there, meaning that there is a pool of experienced engineers as well. Some other places are making strides though, like Austin TX. However, Austin has some advantages including an educated populace and the University of Texas that’s there.
The road to IT hub: 1. Build a University. 2. Make it one of the top 3 IT universities in the World. 3. Help a couple of IT giants to open really large R&D centers nearby. 4. Profit. You are the next Silicon Valley.
Love your videos! Btw, not sure if this has ever been mentioned to you but THANK YOU for not picking a background song for the vid. Most of us have our own tracks we listen to in the background and prefer to lsiten to those as we watch your vids. So yeah, keep up the incredible content!
As someone who works at a well known Bay Area / Silicon Valley tech company, I have two thoughts on why tech is so successful here. The talent here is really top-notch. It sounds arrogant, but each time someone leaves the Bay and moves to Seattle, Austin, or Boulder because they can't afford a house, car, or whatever...it's usually because they couldn't cut it at the top tech companies, or lost their ambition and getting replaced with young blood. I might end up like them one day too, but it is what it is. Another really good reason is because there is reduced risk here to start a new company, or jump into a tiny startup with some crazy founder who has no idea what they are doing but seems pretty smart. You know that if it fails, you can walk next door and find another job that probably pays you even more. You don't have to pack your family up and move to another city to find a well paying job. If you're a talented engineer, you can probably find a job in a week so you don't think twice about swinging for the fences and trying to join that startup. And if it works, you become a millionaire or billionaire. If you fail, you'll still be fine.
Eh, as someone working in tech but living in one of those other tech cities you mention, SF wasn't even a contender. SF pay is like 30% more, but housing is 200%+ more (was more like 500% more back when I bought), so why on earth would I take that deal? And now that WFH is a thing, if I wanted I could just take a SF job but have non-SF CoL. Sounds like a good deal to me.
Anytime someone calls a city that isn't silicon valley silicon valley investors start popping up out of nowhere help i have an investor infestation aaaaa
No. LOL. I had a friend of a friend who was a doctor live in Miami for a few years. He and his wife had to flee. They both needed intellectual stimulation with bookstores and nerdy friends. Both were very, very difficult to find in the Miami area. They were relieved when they settled in Chicago and found what they were looking for. Then I had a friend who got a master's from Cambridge University. She fruitlessly searched for a bookish friend in Miami for a year, and finally found one in a porn star. The porn star read dense books, my friend loved geeking about dense books, so they became fast friends. Again, she fled Miami for the more intellectually-friendly climes of the Pacific Northwest. She hated how she had to constantly dumb herself down to be taken seriously. If Miami can't attract and keep nerds of all types, then it can't sustain a Silicon Anything. End of story.
Good video as usual. I like that you talked about Stanford because that was a very big deal. Here some additional information. Lee DeForest had a big deal to do with the early stages of Silicon Valley because of vacuum tubes. The picture you showed of Moore is a picture of a group that left Shockley known as the “infamous eight”. They were some of the early groups that started the trend to leave their company to make a new one. They left because of Shockley’s toxic attitude. Before the eight left it was tradition to stick with one company until retirement. Texas was known as the silicon ranch and I think Massachusetts had a nickname as well because of IBM and ATT.
Spinoffs are important. In California, non compete clauses are not enforceable. Which means I can work at google, leave and start my own search company. This is at the heart of why workers in silicon valley are excited about starting up companies. Until other states acknowledge this creating an environment where each and every employee can be a future entrepreneur will not be a realistic possibility. This is also why you see clusters of similar companies start up in the Bay, Yahoo and Google, Lyft and Uber, Cruise and Embark etc. Companies get to compete for the same rich pool of workers. Because of this workers in the Bay area also share knowledge. There is also a strong sense of community, with one company succeeds usually the founders and the early employees (who have made millions) will then invest in the next generation of companies thus keeping the money circulating. This is a unique phenomena that I have yet to see elsewhere. Most other places once founders make it rich will buy islands or stuff to enjoy themselves. In silicon valley the goal is not to make it rich, but to be a part of the next revolution. Even if you do not have money, senior engineers will frequently join small startups to help the smaller company.
Ok but the question I have: Is it actually good to be/have a cluster? Like, for the city/area? Or is it better to have a large variety of industries, so if one of them declines you don't end up with suddenly half the population out of a job, and/or corpoate taxes plummeting?
No clue what Miami in particular is like, I was wondering whether clusters are a good thing for cities in general (in the long run). But yeha, I guess if you have an existing city with a variety of businesses and then one industry just gets more successful there, it's probably less problematic than having a city/area completely built around one industry, possibly lacking any other options to fall back on.
@@thzene4967 Berkeley and Stanford aren't Ivy League. And the difference isn't in the lectures. It's in the networks and research that the unis pump out that students can leverage which makes a tremendous difference. I also used to think there was nothing special about the top Unis, until I got to experience being in a top uni vs. one that wasn't. The difference in resources is tremendous, as is the quality of the students and professors that come out of there.
@@thzene4967 The branding helps reinforce the network effects, but the branding was earned through the sheet amount of quality research and resources that top unis can provide. Branding as a differentiating factor is a signifier of fundamental aspects of a uni. No amount of networking by unis that have less quality research and resources can overcome that advantage. What universities in Miami have an advantage in is research and quality in the medical field, but their engineering and CS programs, research, professors, and courses are severely lacking. Thus, they are unable to create the network effects and branding that allow a tech ecosystem to thrive like UTAustin can.
@@thzene4967 I've worked with universities in florida, and even though there are plenty of bright minded students that come from UF, FSU, and USF, the research and resources provided there aren't anywhere close to any of the top universities, let alone the public universities (excluding UMiami Med). None of them have engineering, economic, robotics, CS program research, courses, expertise, faculty, and quality of students the way that top universities do. They just don't. They have improved, but so have the top universities. The unis that have made great strides like UGeorgia and UTAustin aren't in Florida and coincidentally, those are where tech companies are recruiting.
@@thzene4967 Moreover, young talented individuals in CS and engineering typically end up leaving the Florida because the opportunities in tech are paltry compared to Texas, the west coast, and the northeast where professionals can grow much faster and receive much higher pay. This ends up compounding the network effect because not only does Florida lack the top university and programs to educate people in tech, but many of the talented people end up leaving the state for better opportunities elsewhere, making it harder for techs and startups to scale in Florida. If a startup or big tech is looking for a cheap place to setup outside of the coastal cities, they're going to Texas, not Florida.
@@thzene4967 The fact that it is tax friendly travel friendly and good for business is not enough. Florida is competing with plenty of other places to be a place as a destination for tech companies and the fact that they aren't migrating to Florida and that young talent is regularly leaving the state for search of better opportunities in other states is a testament to that. The challenges that the universities in Florida have is not static, but they aren't even close to moving in the right direction and being able to attract the talent that other universities are able to move towards. Chronically underfunded schools and universities, a lack of talent in the state's tech workforce, pathetically low wages, and a stagnant tech scene that has shown no signs of improvement relative to other up-and-coming areas pretty much seals the deal. No software engineer or data scientist from Florida that was worth their weight in salt ends up staying and for good reason. As long as that continues, UF USF and FSU will never be able to produce a small tech hub outside of CA the way that Austin, NY, and Boston can. I don't say that to diss on Florida. It's just facts. And if the state was actually changing direction or moving faster relative to its competitors, then I would give it credit but it just isn't and at the rate it's going, it won't be able to catch up.
No possibility. It doesn't have the education base or university system to support high tech. There is no UC Berkeley, Stanford, Carnegie Mellon or MIT to support the workforce and ingenuity. Also the infrastructure is aweful in the area. The weather is unfavorable much of the year, and it is extremely expensive vs. wages.
I've heard the coastal areas of SoCal be called silicon beach due to large concentrations of tech companies like snap, Netflix, etc. Miami probably will be underwater by the time they grow
thats because the service economy is becoming a bigger proportion to the US economy overall as time goes on, so no metro-area is really gonna be the next silicon valley so much as having their own diversified service sector
I always cringe whenever some local pol takes it into their head to make themselves the next "X", where X is usually but not always some variant of silicon valley. You just want to gently take them aside and ask, "you know that's not how it works, right?"
@@rdormer you overestimate how much companies care about a week-long tragedy. Either way, it’s a fixable problem that-given the amount of national and international attention it received-will get at least partially fixed. Austin’s Silicon Hills aren’t going to completely and immediately collapse because of just one event...
@@ClementinesmWTF I think you overestimate how quickly and easily something as large as a power grid can be fixed. But the power grid isn't even the real problem - it's just a symptom of it. The free market worshipping, libertarian my rights uber alles ideology that built that isolated grid is the problem, and that is definitely *not* going to go away any time soon, *especially* not with a massive influx of it's core adherent demographic.
I'm personally glad this video came up regarding potential of other silicon valley hubs. I've long been on the side of Texas looking to do niche work rather than replicate another SV (here we have silicon prairie [Dallas] and silicon hills [Austin]). Its literally not possible since the would has modernized. Texas has huge potential to nurture clean energy industry on account of its huge investment in wind & solar already via subsidy and land, being the headquarters of almost every energy company in the country that are already starting to wonder where to invest next, and its decades long business friendly climate to such companies. My fear is the latest crop of conservatives that run this state went from being non interventionists when it comes to energy to potentially fighting culture wars over it. Texas might very well slit the throat of the goose that might give it the golden egg.
Will you do a video on Baltimore one day. Its decline and future. Maybe something to do with the rust belt cities. Or maybe the northeast megalopolis?? Just an idea I'd like to see a video on. Love the channel 💪
What are people in Miami already good at? As someone from the region, I genuinely don't know... Vacations? Being an international hub??? There's some amazing art and culture.???
@@andym417 some of the better schools in the state. FIU apparently has a great med program or something? I didn't go there because as a teen I was pretentious and wanted to go to a prestigious out of state program.
Great video again @CityBeautiful. I would like to add that Bangalore (Bengaluru), India is a huge tech hub in Asia for software (maybe alongside Shenzhen in China which is famous for Electronics/Robotics). There are a lot of Indian tech companies with a market cap of a few billion dollars (and will likely increase as India grows) headquartered right here. Bangalore also benefited historically due to the history of tech innovation and outsourcing coupled with great weather (once up a time lol) that led to its meteoric rise. A counterpart city, Hyderabad saw a lot of US tech companies set up shop there rather than Blore due to cheaper rents and more space (Bangalore is notorious for traffic jams). However, Blore is still king for startups due to a historically stronger entrepreneurial and collaborative culture coupled with an educated workforce. However, rising prices and choking infrastructure threaten Bangalore's position as a haven for startups. Personally, having visited Florida a few months ago, I wish that more tech companies do set up shop in the Magic City. Cal is drop dead gorgeous but nothing beats the warm sea breeze :)
"silicon kashba in istanbul" I'm from istanbul and Ive heard of the "silicon valley in istanbul" but i have never heard anyone calling it "kashba". Couldnt find any sources calling it that too. Kashba is not even a turkish word.
@@andyjay729 Safest part of America and everyone in North Hartford is very educated and working towards great goals in technology! They only carjack cars with built in GPS right now.
@@quantumhelium Well, it is true that "North Hartford" has one more Ivy League university than Miami does. And that more computer companies have been founded in Massachusetts than in Floriduh.
I think Dallas and Austin are far ahead of Miami in the race to become the next Silicon anything. They even already have nicknames (Silicon Prairie and Silicon Hills respectively).
@@MirzaAhmed89 It’s a book that was made into a movie in 2018 called “Ready Player One” about a teenager in the year 2040 who lives in Columbus, Ohio & finds a hidden egg in a virtual video game that the whole world plays to escape a depressing reality & whoever wins the game gets to own the virtual video game company & the whole world is competing to win the prize
Moved to Detroit from the west cost for a tech job (sounds like it should be the opposite, right??) and had to go on nebula just to watch the bit on Detroit! Can't wait to see an in-depth Detroit video. You could do a whole series on the city/metro region. I think with the rapid technologization(word?) of the auto-industry, you are going to continue to see a rapid rise in white collar workers in the area. Detroit already has some of the wealthiest suburbs in the nation. Its low key a potential boom town for tech work over the next couple decades. Excited for Detroit's future, and current trends towards embracing Urbanism.
When I think of Miami, I think of silcone breasts , fitness and fashionable people. Tech could fit into a bilingual multicultural city by Biscayne Bay.
Off the top of my head, for anything 'tech-y' in Miami (and FL) there's CCSFS and KSC where they launch rockets to space... The rockets themselves aren't built there though, they just get assembled there before launch.
@@curburfosho Given the proximity to another country I honestly have doubts that they'd continue to use the site however. It sure is a lot more to the south than any point in FL but I have questions for whether they could put the same enforcement that they currently do for CCSFS and KSC.
@@mukrifachri That's what SpaceX has maintained the past 3 years, including when the plan was stated again in a March press release. All logistical current version SpaceX rockets already in full operation have been launching out of their 2 FL sites and those sites will continue to handle those launches, however, the # of these flights for this rocket version is expected to draw down over the next few years while the # of launches occurring at the 2 launch sites located within the newly named township of "Starbase, TX" (next to the existing town of Boca Chica, TX) are expected to ratchet up and take a larger & larger share of SpaceX's launches per year. All future next/newer version rocket test launches, as well as all subsequent future logistical & (eventually) commercial SpaceX launches are currently slated to take place in TX. I can understand the doubt, but you can look up the press releases themselves. This makes a lot more sense when also given the fact that SpaceX has setup large office locations in Austin and in/near Starbase, TX where they currently are under going large scale hiring runs in order to quickly help ramp their TX operations up.
5:17 Hollywood does this too, especially in animation. From Looney Tunes to Dreamworks, pissed Disney workers have been the best source of crude and inventive animation.
It's relative. Shenzhen's contributions to innovation are minimal: basically the ESP8266/ESP32 microcontrollers (an affordable wi-fi enabled microcontroller), and the WS28xx addressable RGB LEDs (the reason for colorful "GAMING" PCs). Other than shiny colorful lights, nothing revolutionary has come out of shenzhen. That's the problem with China's "copycat culture", and their mentality of "we must be the factory of the world": they just produce stuff that's invented elswehere. Once we start seeing a stream of innovative products from China, we can call it "the next silicon valley". Meanwhile, they're just low cost, high tech labor.
I think what you said about how the city should identify and boost its current advantages makes a lot of sense. The city is already the agreed upon capital of Latin America, and we are now seeing a major boom in the entertainment industry, specifically spanish speaking media. There is now an entire section of Little Haiti that used to be abandoned warehouses and is now a hub of small studios. Add that to Univision’s and Telemundo’s multiple studios and offices and the city could really become spanish speaking Hollywood if it wanted to.
The biggest concern I'd have with IT in MIA is the infrastructure. Although Miami has access to extremely fast networking, generally stable power grids and other primary utilities required to run a massive tech cluster, the outskirts of the city does not. This would not be a problem if there was space in the city to field these massive tech firms and their respective facilities; however, there is most certainly not enough space for some of the larger networking installations, whether that be networking capacity, electrical capacity or physical capacity. You can only build so high before the scale of projects requires more lateral real estate and the only locations that would allow for this expansion would be in those outskirts, where networking and electrical supply is nowhere near as robust as necessary for these firms. Major infrastructure revitalization would need to be executed by either the city, the state, the enterprises or a combination of the three, potentially taking over a decade to complete with an early time window being 3-5 years.
No mention of the tech manufacturing cluster capital Shenzhen (not a hub for semiconductors). Only odd because a less successful artificial tech cluster Akademgorodsc is mentioned
As someone from the Detroit area, I’d rather not see more clusters. Detroit was SV before SV existed and the economy is still very one dimensional because of it. Cities need to diversify as much as possible.
Yes but "tech" companies today are pretty diversified - to the point lots of people argue some of them aren't really tech companies. Is Airbnb really a tech company? Idk but I guess their business rely more on the travel & tourism than the tech market.
@@windskm great point.
@@windskm most of them call themselves tech companies to gain investors and excuse losing money
Detroit didnt diversify enough, toydays tech companies have their hands in almost all global markets. Add to that, Detroit sprawled out of control and its infrastructure declined.
If you want a decent cluster for companies, build solid public infrastructure using metros trams and trains
I mean, at this point, technology is not the Wild West it once was. The technology, to me, doesn’t seem as groundbreaking.
Like, what was the BIG technology thing last year? Zoom. Which is just FaceTime for a lot more people.
So yeah, regional hubs to do specific things with technology? Yeah, that can help keep and expand on jobs. But what’s the key? INVESTING IN YOUR CURRENT POSITION.
Stanford university created that research park and allowed whoever wanted to start a business the incubation needed to do so. Sure, taxes matter, but so does labor force. And California will always have the climate and atmosphere people want to go to.
It's already a laboratory for aquatic cities so yeah it will be a perfect place to test out technologies for living underwater
Well miami may not have much of a choice if they want to live underwater...
@@electric_eel - not going to happen. Sea level rise is a myth. Look at pictures from the 20s and 30s. Nearly the exact same water lines.
@@JohnPrepuce Sure bud
@@heydude4193 - Cities have flooded since the dawn of civilization. Human ingenuity solves problems. It's what we do. The earth is not a friendly place; we have had to alter it to suit our needs. Miami does not flood as frequently as it did a hundred years ago. We are fine, but as I have told others on this comment section: please continue to tell people how terrible it is in Miami, maybe they will stay home or move somewhere else and real estate prices can go back to being affordable.
Didn't bioshock already warn us
Miami needs to spend tens of billions of dollars to reinforce itself against sea-level rise and ground-subsistence.
Not really
@@dutchbakery2195 Won’t happen.
@@dutchbakery2195 I think Microsoft actually experimented with underwater servers, so you actually can.
Ding ding. They are one hurricane away from insurance not doing shit for people and everyone coming up to Atlanta. Yes I said it. Lived in Miami for 5 years and came back home to Atlanta. Microsoft doing a 90 acre campus here and Airbnb just announce they coming too. Capital of South has always been Atlanta.
@@lebronsinclair8012 So you couldn’t hack it, got it.
Miami is already "Silly-Con Volley" for their top notch public criminal records.
Zero chance. The Silicon Valley companies have all embraced far left woke identity politics. Míamí is as anti-woke as it gets. You really think Míamí will embrace tech soyboy dweebs who go around saying things like “men can get pregnant” and “math is white supremacy”? Lol
top argument against Miami becoming a tech hub: imagine a Florida Man with a trillion dollars
Sounds like a good presidential candidate, he gets my vote
@@sheevpalpatine8628 they say that, but having been raised there, I question that explanation
@@sheevpalpatine8628 Sounds like the reason rightoids call Sweden a "failed state". They actually make their crime records wide open; they still actually believe in governmental/police openness.
HE IS INEVITABLE.
Two words paradise shift is what it is silicon beach is already Santa monica
With the rise of remote work, I question whether anywhere will be "the next Silicon Valley". Sure, companies will still have offices that are grouped together, but tech employees will have the luxury of choosing where they want to live more than ever before.
Yeah, other cities are definitely capitalizing on that. In Sacramento there are quite a few "co-working" facilities where tech folks can go and rent a desk or office. Many of them work for Silicon Valley companies, but live in Sacramento for the lower housing costs.
Cities are probably still going to pay big money to get the big tech in their town even if they're going to make even less money out of their presence...
You cannot hold a war room in remote work like you do in real person. War room is make or break at the last mile / minute of any project.
Considering all the major tech companies have launched sizeable projects since the pandemic started, I question that.
It's definitely better to do things in person, I don't deny that, but post-pandemic that need can be handled via business travel for the few times it's necessary. There isn't as big a need for Facebook and Google to have offices next to each other if their engineers will be remote for the majority of the time (and many of their internal polls are showing that a majority of their workforce wants to be).
Silicon valley was also built on contracts from the US Army. Stanford kept close ties with the DoD and was one of the few nodes of the Darpanet for a reason.
The resulting long-term and highly-profitable government contract brought a lot of money to the valley.
Ames over in Mtn View was also one of the main defense wind tunnel testing sites after WW2. With aerospace research during the Cold War there was a demand for computational fluid dynamics research, which created a demand for computer programmers and computer scientists. Stanford of course was in the middle of all this as well.
Me: looks at title
Also me: thinks of AUSTIN, TX!
exactly what i was thinking
Same here
Silicon Hills
Yup, I don't see how Miami could compete against many places in Texas for being the next tech hub.
Elon musk say Austin TX is future city bomb
The main problem with these Valley wannabes is their only competitive advantage is a "race to the bottom" of tax give-aways. But if cost is the only advantage, a company can move as easily from Bay to Bangalore as it can Bay to Boise. A strong research base and iconoclastic culture are the main prerequisites.
Spot on. Anyone talking about places like Dallas or Miami becoming tech hubs are extremely disconnected from what drives innovation in tech. Money is really the least significant problem to tech of almost any problem, I mean have these people seen the market caps? Cultural fit is #1 by miles with no compromise.
@@treyshaffer watch 8-bit guy series of videos on Texas technology. a lot of computer manufacturers (even Dell and AST) started off there. Not to mention TI, and quite a few tech related companies that dominated the 90s.
@@83hjf Well Austin likely has a strong future going for it. And I don't mean to say that all cities that don't make sense culturally have *zero* future in tech, just that it's unlikely they'd becoming tech hubs. Dallas, Houston, San Antonio, and other Texan cities will have software engineering opportunities because they are big cities so that comes along naturally, but I don't think the tech presence will become a dominant industry of any city in Texas excluding Austin, largely because of cultural fit.
@@83hjf How about Massachusetts, for that matter? Ever heard of the '80s Massachusetts Miracle that birthed Digital and Wang (obviously long-forgotten now, but major players in the first computer revolution)? Harvard and MIT are there as well. Yeah, I know, "the climate"; well, Californians are about as scared of Florida's heat and humidity (and hurricanes) as they are Massachusetts's winter cold and blizzards.
This is what people do not get. Oracle and HPE get a lot of press for moving to Austin, but their biggest dev centers are in India. Austin is just a pitstop to outsourcing all jobs. If the only reason you are moving is to save money then you are perpetually in a race to the bottom to move to the cheapest city.
Innovative companies like Amazon, Apple and Google move to where the talent is. Amazon for example opens dev centers in the Bay Area and in NY both of which are much more expensive than Seattle.
“Miami, the magic city”
On drugs it’s magical.
Probably not since it will go underwater before that ever happens
You listen to too much AOC.
@@RFJersey u sound like a climate changer denier so I don’t think anyone is going to listen to u
@@RFJersey climate change real = aoc socialist communist
@@notahuman2671 - Miami is fine, it will not go underwater at least not in the next thousand years. There are pictures of areas with watermarks from the 1920s that are the same today. No difference. You know what, on second thought, yeah, Miami is totally going to get destroyed. It's best if you and every other Climate alarmist just stayed away.
@@JohnPrepuce is your last name actually prepuce? as an aside for anyone else reading who may be wondering about prepuce's point, sea level change in the past 100 years has been slowed by fresh water impoundment in the mid-20th century (i.e. the mass construction of dams) and due to the compounding nature of GHG accumulation and the exponential increase of their generation, most of the increases in sea level expected to occur will occur in the next century. So, looking at the past century as a gauge without considering the aforementioned factors is really faulty thinking. (See: sealevel.nasa.gov/news/191/nasa-led-study-reveals-the-causes-of-sea-level-rise-since-1900 , www.climate.gov/news-features/understanding-climate/climate-change-global-sea-level)
Florida first needs to get rid of their non compete enforcement. Silicon valley is created with the idea that people should be able to jump ship to a competitor or start their own business that's better than their current employer without worrying about getting sued. California doesn't allow non competes.
I would also say that Florida has a big tool they can lean into; Location. Florida has easy access to two large bodies of water, the Atlantic and the Gulf. Imagine large industries dedicated to coastline management that can make sea level rise just a small concern, instead of a life-threatening force?
Its not enforceable it is just not explicitly and clearly against the law. It the IP laws are the issues. In CA any IP done outside of work hours property is yours. In Florida they allow a firm to claim all your IP if its related to your Job regardless of the whose money and time was spent on it. That has a huge negative consequences for start-ups.
@@shanekeenaNYC You don't understand tech. The reason they are worth so much is they can scale with not much extra workers. Same software can be sold many many times over, with the same cost, vs just 1. You cannot do that with manufacturing based company and you cannot make money off coastline management.
@@shanekeenaNYC Lol, SF can't even keep their own coastline from falling into the water, yet you expect they'd somehow be able to do it in Miami?
Can University of Miami compete with Stanford at providing a talented pool of engineers?
It's not just Stanford. Heck, UC Berkeley, UC Santa Cruz, San Jose State, UCSF, USF, Santa Clara University and more. Venture capitalist firms are centered in and around Silicon Valley, in part because the area is brimming with a bunch of genius minds straight out of the multitude of world-renowned universities in the area, so with that there's plenty of VC firms willing to finance the next big idea.
@@FreewayBrent
Plus! It's 70 years of networking to provide the labor supply to Silicon Valley.
Yes!
@@FreewayBrent Yup, I mean SJSU is sort of a joke but even still, compare to any Florida university it is a real engineering school.
Nope.
This makes sense only if you understand that modern tech IPOs are just money laundering for the underwriters, VCs, series A investors, and top execs. The employees who built the company usually get nothing due to a 6 month lockout from selling which the others don't have to suffer under.
Tech needs talent. Miami doesn't have it.
absolutely true
You're berry berry smart.
Miami has plenty of talent but not technology talent. More like criminal talent. People with some kind of scam/hustle. Guess which area of the US is #1 in Medicare fraud?
@@stevec8522 You berry berry smart.
Not exactly, they may get something if they are worth keeping or they will leave. On the other hand you get paid handsomely if you work for FANG and not having to deal with IPO.
Fairchild itself was a spinoff of Shockley Semiconductor. The so-called "traitorous eight" who refused to put up with William Shockley's abrasive personality eventually left and founded Fairchild. Eventually Shockley Semiconductor was purchased by another company which attempted to move it to -- guess where -- Florida. That wound up being the fatal blow to the pioneering semiconductor firm.
Being a current resident and having been raised here and seeing how politicians have for decades used taxpayer money to jump on fad after fad, my answer to your question in the title is: HA HA HA HA HAAA HA HAAAAA!!
"we'll get right on that 'east coast silicon valley' thing once we get this 'Hollywood of the east coast' thing to take off"
@@MarcillaSmith Lol
@@MarcillaSmith Miami is a Hollywood of sorts... for porn.
Just to add my two cents in this:
Replace "Silicon Valley / the Tech sector" with any other name of popular and trendy sectors that can generate a ton of revenue for a given city, and it can be a perfect storm of sustained innovation, opportunity, and revenue streams if a given sector's growth can be controlled with housing and infrastructure being able to keep up or come close to it.
On the other side of the coin, as we have seen with places such as major cities in California, where growth has increased year over year, is not able to mitigate the obstacles of building affordable housing and reducing wealth inequalities for other people in other sectors that don't pay as well, neighborhoods and eventually communities start to deteriorate.
A community is not without the people, and I mean people at every level of wealth and socioeconomic status. Any politician that only sees dollar signs when it comes to attracting not just Silicon Valley but any major industry without thinking about the important negative consequences that come with hosting them and not have housing and infrastructure scale to meet current and future demand before they arrive are gonna end up with a deteriorated quality of life for everyone, not just for the locals that have lived there for a long time, but for the new comers that arrive.
Yes
Miami doesn’t care about wealth inequality anyways
Yup, as a Bay Area native I despise Silicon Valley. Unless you’re rich, a homeowner, or work in computing, the arrival of the tech industry has had a massive negative impact on our quality of life due to the massive increase in housing prices, turning the Bay Area into a rich person’s playground while displacing us regular folk into ever-shrinking low income neighborhoods, the valley, or out of state. And on top of that a huge amount of $ doesn’t even go to California via taxes due to all the out of state tech workers (kinda ironic other states whine about Californians moving there when they’re the reason we had to move lol) so we don’t even see the benefits of economic “prosperity”
@@JoeTheBroken It would have all been okay had the native homeowners not gone overboard with Prop 13, NIMBYism and historical preservation of random single-family homes. The outsiders would have been perfectly fine with building 3-5 story apartment buildings across the Bay Area but the native homeowners wanted to live in the late 20th century forever so they said no.
One issue with housing is that the Valley is basically just one big suburb (excluding San Fran). Prices would probably be more reasonable if there were some mid and high rises
Gothenburg, Sweden tries to make a "Silicon Harbour" out of Hising Island. Doesn't go very well and everyone goes to Stockholm anyway.
Im guessing you're a swede. Hej fra Danmark.
Can you tell if the gothenburg tower is still scheduled?
I am talking about the square one with twisting corners.
Because people want to live there. People want to live in Miami. Crazy party atmosphere, beaches, and beautiful people that California used to be.
@@luism5514 Lots of crime in Miami, terrible public transportation, crumbling infrastructure, and Jimmy Butler really didn't pay off for them :-)
Sweden isn’t america lmao
At least Gothenburg had the best cluster of all time... the Gothenburg melodic death metal cluster \m/
Which essentially is why so many 2000s metalcore bands sounded the way they did.
Last time I was this early, streetcars were still a thing in LA.
Oof
welp, now we have cars on streets 😅 "streets" is subjective depending on what part of LA... shocks and bushings become as regular as oil changes 😆😅
In 10 or 20 years, would Miami still be above water though?
Absolutely. Miami has an elevation of 6ft. Even some of the most serious scenarios of climate change have sea levels rising only about 1 and a half feet by 2050. Miami will go underwater. It’ll just be later than a lot of people think.
That's the big problem
@@EvsEntps Nope, just Miami
if they, and the other places that share their misery like jakarta, pay for buoyant shield (blimps) over glaciers.
then f yeah!
You mentioned it briefly but I think a big factor is education. Silicon Valley, Austin, and Dallas all have great university computer science and electrical engineering programs (as well as in related fields such as business). Does Florida? With all due respect, are there any good academic programs in Florida? I think maybe The U has a good law school... maybe? I worked at a software company in South Dakota and the only reason they were able to thrive there was the relatively good computer science program at SDSU. Granted with remote work, this could change but salaries would have to match too. I don’t see too many UC Berkeley computer science grads leaving six figure salaries out of undergrad to take a pay cut in Miami, regardless of the tropical weather.
I didnt know they had any software companies in South Dakota and besides miami is catching on the tech start. Up scense but its Nashville thats becoming the next silicon valley if not just the silison valley of the south its not just Cowboys country music and farms down there is no more that place do much many california are flocking there
You and Wendover have me THIS close to subscribing to Nebula.
Don't bother. There's nothing good on it.
@@MirzaAhmed89 well, subscribed. First time I've supported something like this but there are way too many good creators to at least not give it a try
This video was really insightful! Great job on the research 👍
I think any downfall of silicon valley will be due to high cost of living and costs of doing business more than anything
Pretty much. It’s simply not feasible for every worker not earning a 6 figure salary to commute from Modesto, until automation kicks off it’s gonna be harder and harder to find lower level workers (something I think is playing into the lack of employees for companies- housing prices in most large cities are completely unaffordable for the wages they offer). Eventually something’s gotta give.
Yeah those guys who says low cost or lax covid restrictions don't know jack about tech world.
finally a video on my hometown :D
actually, a cool history fact, some people consider it starting with the industrial area to the north of silicon valley, where there were a lot of factories helping with the american war effort. after the war was over, they didn't really have anything to make, so moved to hi-tech instead.
A tunneling system. In Miami. This man didn't know shit about the topography and geology of the land he rules.
Could they achieve this the same way the Channel Tunnel ( Eng-Fra) did
Except it literally can be done and it's being done you idiot
@@mattahmann Elon and his boot lockers can say “it’s being done” all they want, doesn’t change the fact that the Boring company is a complete failure at achieving what it claims to and never will. It’s just Elon trying to reinvent the subway, but make it really shitty
@@Ragon_Reel so Miami should dig miles down into bedrock so that they can create a...pseudo-subway? You do realize how stupid your comparison sounds right?
@@ClementinesmWTF I like the idea of a hyperloop, I think the naysayers who call it glorified high speed rail are ignoring how much faster it is compared to even planes, as well as being much more energy-efficient then any train. Idk how feasible it is in the near term but I do think it’s the future of ground-based transportation, maybe even more-so then automated vehicles
Interesting to see the role of education played down a bit. I’m not sure if UMiami or FAU has the same built in tech advantages as Stanford or Berkeley, though I’m sure they breed other benefits for the region they can tap into, as you said
"Silicon Bog in Limerick" haha, dont think that ones ever going to explode in popularity when we already have the Silicon Docks in Dublin
I'm Irish and I never heard of the Silicon Bog in Limerick. My city Cork is home to many pharmaceuticals as well as Apple's European headquarters. Dublin is trying to become a global financial centre with the IFSC.
Yeah, I highlighted Limerick because I hadn't heard of that one either and it proves the point that just about everywhere thinks they are going to be the next Silicon Valley. I also highlighted it because Ireland is one of my favorite countries!
@@CityBeautiful limerick has been getting huge investments lately from all sectors of labour so i wouldnt be suprised if it does get a bit more popular in the next few years
There’s also the Silicon Hills of Central Texas. It’s the second most successful of the “Silicon” regions only behind the Valley, and it’s quickly becoming the new hot spot. All the largest Silicon Valley tech firms are either creating co-headquarters there or just straight up moving their headquarters to Austin. Plus the plethora of start-up and access to UT, there’s no way Miami will be able to wedge its way into the competition among already great tech cities.
I find it interesting you argue towards the end that government policy efforts don't help create clusters of industry. I'm no expert like you but Montrèal, Québec has become a video game development hub. Companies like Warner Brothers, Ubisoft, Bethesda, EA, Eidos/Square Enix, Epic Games and more all have studios in Montréal. Part of that is definitely due to the amount of universities in the city but from my understanding once a lot of the industries that used to dominate the city of Montréal started lagging or leaving (due to separatism) the provincial government started subsidizing new media greatly. Eventually Ubisoft (a French company) founded an office there and found great success. This snowballed into a development hub still spurred on by high levels of provincial subsidies. I think this could be an example of government policies/efforts helping create an industry cluster and boom.
Clusters are great. Especially when the industry they specialize in stumbles.
Maybe not exactly the same idea but Atlanta has become a major hub for the movie industry in the last decade. They followed similar policies to what Miami proposed and while Atlanta will never topple Hollywood as the movie capitol of the world, it has become a secondary hub and given the city an economic boost. Maybe Miami can be a similar story as a regional Tech hub and bring itself an economic boost even if it never becomes the next Silicon Valley.
Yeh, not just Atlanta but Georgia in general has become a good spot for films. And Atlanta is a great place for tech too.
Atlanta makes a lot more sense as a tech hub than Miami. It even has a top 10 university in Compsci. I see Miami as taking a bite of finance and hedge funds, but it stretches the imagination that they'll ever become a tech hub
Did you know that in the 1920s Hollywood executives tried and built a city in Miami only dedicated to movie making?
The idea was that it would be an alternative to Hollywood but after a hurricane it was destroyed and never tried again even though it was a project that was built and even in the first stages of working.
Was just bad luck and the incoming Great Depression.
Miami doesn't have universities nearly as good as UGA or Georgia Tech though.
A good look at industry clusters! Also looking forward to a video about Detroit when you do one!
And you're right about how durable some clusters can be. Minneapolis (where I am) was _major_ cluster of flour milling in the late 19th and early 20th centuries, and major food and grain companies like General Mills and Cargill are still here as a legacy of it. (International Multifoods was too, until they got bought by Smucker's. As was Pillsbury before the company was dismembered.)
I second a video about Detroit! Metro Detroit is easily one of the most overlooked regions in the country (at least, in popular media, youtube, etc.) Although the city saw a decline in population, the CSA has a population of ~5.3 million.
The mayor has been doing a great job pushing Miami to be a tech hub. He’s also a proponent of Bitcoin and, I believe, has put some of their treasury into it (à la Tesla).
7:21 “Silicon Slopes” is a term for the Salt Lake City area. Many large tech companies have been opening offices out there.
I wonder if it also helps that Silicon Valley is on the West Coast, with easier trade access to Asian countries, as well as faster transportation for business purposes. Miami by comparison seems kind of like it’s in the middle of nowhere.
Miami's closest areas include the Caribbean, Latin America, West Africa and southern Europe. These regions of the world are more suited for other industries, as it's proven with its intense tourism, and Latin American media and cultural exchange hub status.
California does get the big advantage of the huge and cheap labor force of the Asia-Pacific region, but that also means it's been nurturing actual genuine rivals. Places like South Korea, Japan, Taiwan and the Pearl River Delta area of China are actual tech hubs focused on hardware.
@@LucarioBoricua "Huge and cheap labor force" ? So California gets its labor from APAC? Interesting!
miami by no means is in the middle of nowhere, it’s often called the capital of latin america because of its importance to LA finance, it already has a good base and source of cheap labor with central/south american immigrants, it just needs the education firms to catch up in the tech sector
@@shiny_teddiursa You're going to use cheap labor from Central America to work in the tech sector? Nice.
@@quantumhelium is everyone going to work in tech if this even happens? no. Room temperature IQ take.
Another factor is human capital. California has lots of great engineers due to the research universities there as well as the fact that tech companies are already agglomerated there, meaning that there is a pool of experienced engineers as well. Some other places are making strides though, like Austin TX. However, Austin has some advantages including an educated populace and the University of Texas that’s there.
The road to IT hub:
1. Build a University.
2. Make it one of the top 3 IT universities in the World.
3. Help a couple of IT giants to open really large R&D centers nearby.
4. Profit. You are the next Silicon Valley.
Well, step 2 and 3 are easier said than done
Love your videos! Btw, not sure if this has ever been mentioned to you but THANK YOU for not picking a background song for the vid. Most of us have our own tracks we listen to in the background and prefer to lsiten to those as we watch your vids. So yeah, keep up the incredible content!
As someone who works at a well known Bay Area / Silicon Valley tech company, I have two thoughts on why tech is so successful here. The talent here is really top-notch. It sounds arrogant, but each time someone leaves the Bay and moves to Seattle, Austin, or Boulder because they can't afford a house, car, or whatever...it's usually because they couldn't cut it at the top tech companies, or lost their ambition and getting replaced with young blood. I might end up like them one day too, but it is what it is. Another really good reason is because there is reduced risk here to start a new company, or jump into a tiny startup with some crazy founder who has no idea what they are doing but seems pretty smart. You know that if it fails, you can walk next door and find another job that probably pays you even more. You don't have to pack your family up and move to another city to find a well paying job. If you're a talented engineer, you can probably find a job in a week so you don't think twice about swinging for the fences and trying to join that startup. And if it works, you become a millionaire or billionaire. If you fail, you'll still be fine.
Eh, as someone working in tech but living in one of those other tech cities you mention, SF wasn't even a contender. SF pay is like 30% more, but housing is 200%+ more (was more like 500% more back when I bought), so why on earth would I take that deal? And now that WFH is a thing, if I wanted I could just take a SF job but have non-SF CoL. Sounds like a good deal to me.
Miami needs an extended rail system and walkable cities , before then my city won’t get anywhere fast
There's the 'Silicon Valley of the North' in Kanata - a suburb of Ottawa, too!
Anytime someone calls a city that isn't silicon valley silicon valley investors start popping up out of nowhere help i have an investor infestation aaaaa
No. LOL. I had a friend of a friend who was a doctor live in Miami for a few years. He and his wife had to flee. They both needed intellectual stimulation with bookstores and nerdy friends. Both were very, very difficult to find in the Miami area. They were relieved when they settled in Chicago and found what they were looking for. Then I had a friend who got a master's from Cambridge University. She fruitlessly searched for a bookish friend in Miami for a year, and finally found one in a porn star. The porn star read dense books, my friend loved geeking about dense books, so they became fast friends. Again, she fled Miami for the more intellectually-friendly climes of the Pacific Northwest. She hated how she had to constantly dumb herself down to be taken seriously. If Miami can't attract and keep nerds of all types, then it can't sustain a Silicon Anything. End of story.
Weather in Miami is nothing like San Francisco. Lived down here over 20 years.
again, a high quality video from City Beautiful. Always a pleasure seeing it pop up in my recommendations :)
Good video as usual. I like that you talked about Stanford because that was a very big deal. Here some additional information.
Lee DeForest had a big deal to do with the early stages of Silicon Valley because of vacuum tubes.
The picture you showed of Moore is a picture of a group that left Shockley known as the “infamous eight”. They were some of the early groups that started the trend to leave their company to make a new one. They left because of Shockley’s toxic attitude. Before the eight left it was tradition to stick with one company until retirement.
Texas was known as the silicon ranch and I think Massachusetts had a nickname as well because of IBM and ATT.
Spinoffs are important. In California, non compete clauses are not enforceable. Which means I can work at google, leave and start my own search company. This is at the heart of why workers in silicon valley are excited about starting up companies. Until other states acknowledge this creating an environment where each and every employee can be a future entrepreneur will not be a realistic possibility. This is also why you see clusters of similar companies start up in the Bay, Yahoo and Google, Lyft and Uber, Cruise and Embark etc. Companies get to compete for the same rich pool of workers.
Because of this workers in the Bay area also share knowledge. There is also a strong sense of community, with one company succeeds usually the founders and the early employees (who have made millions) will then invest in the next generation of companies thus keeping the money circulating. This is a unique phenomena that I have yet to see elsewhere. Most other places once founders make it rich will buy islands or stuff to enjoy themselves. In silicon valley the goal is not to make it rich, but to be a part of the next revolution. Even if you do not have money, senior engineers will frequently join small startups to help the smaller company.
I'm kind of disappointed that Shenzhen was not mentioned in this at all.
Ok but the question I have: Is it actually good to be/have a cluster? Like, for the city/area? Or is it better to have a large variety of industries, so if one of them declines you don't end up with suddenly half the population out of a job, and/or corpoate taxes plummeting?
Miami is diverse enough don't you think?
No clue what Miami in particular is like, I was wondering whether clusters are a good thing for cities in general (in the long run).
But yeha, I guess if you have an existing city with a variety of businesses and then one industry just gets more successful there, it's probably less problematic than having a city/area completely built around one industry, possibly lacking any other options to fall back on.
@@KarolaTea yupp..
The answer is No, it cannot be. Miami's universities are nowhere near as good as Berkeley and Stanford.
@@thzene4967 Berkeley and Stanford aren't Ivy League. And the difference isn't in the lectures. It's in the networks and research that the unis pump out that students can leverage which makes a tremendous difference. I also used to think there was nothing special about the top Unis, until I got to experience being in a top uni vs. one that wasn't. The difference in resources is tremendous, as is the quality of the students and professors that come out of there.
@@thzene4967 The branding helps reinforce the network effects, but the branding was earned through the sheet amount of quality research and resources that top unis can provide. Branding as a differentiating factor is a signifier of fundamental aspects of a uni. No amount of networking by unis that have less quality research and resources can overcome that advantage. What universities in Miami have an advantage in is research and quality in the medical field, but their engineering and CS programs, research, professors, and courses are severely lacking. Thus, they are unable to create the network effects and branding that allow a tech ecosystem to thrive like UTAustin can.
@@thzene4967 I've worked with universities in florida, and even though there are plenty of bright minded students that come from UF, FSU, and USF, the research and resources provided there aren't anywhere close to any of the top universities, let alone the public universities (excluding UMiami Med). None of them have engineering, economic, robotics, CS program research, courses, expertise, faculty, and quality of students the way that top universities do. They just don't. They have improved, but so have the top universities. The unis that have made great strides like UGeorgia and UTAustin aren't in Florida and coincidentally, those are where tech companies are recruiting.
@@thzene4967 Moreover, young talented individuals in CS and engineering typically end up leaving the Florida because the opportunities in tech are paltry compared to Texas, the west coast, and the northeast where professionals can grow much faster and receive much higher pay. This ends up compounding the network effect because not only does Florida lack the top university and programs to educate people in tech, but many of the talented people end up leaving the state for better opportunities elsewhere, making it harder for techs and startups to scale in Florida. If a startup or big tech is looking for a cheap place to setup outside of the coastal cities, they're going to Texas, not Florida.
@@thzene4967 The fact that it is tax friendly travel friendly and good for business is not enough. Florida is competing with plenty of other places to be a place as a destination for tech companies and the fact that they aren't migrating to Florida and that young talent is regularly leaving the state for search of better opportunities in other states is a testament to that.
The challenges that the universities in Florida have is not static, but they aren't even close to moving in the right direction and being able to attract the talent that other universities are able to move towards. Chronically underfunded schools and universities, a lack of talent in the state's tech workforce, pathetically low wages, and a stagnant tech scene that has shown no signs of improvement relative to other up-and-coming areas pretty much seals the deal. No software engineer or data scientist from Florida that was worth their weight in salt ends up staying and for good reason. As long as that continues, UF USF and FSU will never be able to produce a small tech hub outside of CA the way that Austin, NY, and Boston can.
I don't say that to diss on Florida. It's just facts. And if the state was actually changing direction or moving faster relative to its competitors, then I would give it credit but it just isn't and at the rate it's going, it won't be able to catch up.
No possibility. It doesn't have the education base or university system to support high tech. There is no UC Berkeley, Stanford, Carnegie Mellon or MIT to support the workforce and ingenuity. Also the infrastructure is aweful in the area. The weather is unfavorable much of the year, and it is extremely expensive vs. wages.
Silicon Forest, Silicon Alley, Silicon Bog and Silicon Kashba but no Silicon Wadi the second largest tech hub?
I love your channel though
I've heard the coastal areas of SoCal be called silicon beach due to large concentrations of tech companies like snap, Netflix, etc. Miami probably will be underwater by the time they grow
Miami being the "Silicon Valley of Florida..." = *LMFAO* 🤣😂
Luckily enough it seems like everywhere is having a tech boom even the Midwest
I've read that more tech companies are actually moving to Wisconsin than Miami.
thats because the service economy is becoming a bigger proportion to the US economy overall as time goes on, so no metro-area is really gonna be the next silicon valley so much as having their own diversified service sector
@@nathanlewis42 miami has never been a tech hub. maybe for latin america, but not for the US.
Triumph of the Nerds is a fantastic documentary (albeit dated). I watched it in its original 90s run on PBS and still vividly remember it.
7:32 Ah yes, my favorite mountainous region, the void
your video on nebula does not seem to be up yet, just has the video about city fresh water.
I always cringe whenever some local pol takes it into their head to make themselves the next "X", where X is usually but not always some variant of silicon valley. You just want to gently take them aside and ask, "you know that's not how it works, right?"
@Moon Shine I think a lot of those recent converts to the wonders of Texas may be rethinking their decision in light of recent events....
@@rdormer you overestimate how much companies care about a week-long tragedy. Either way, it’s a fixable problem that-given the amount of national and international attention it received-will get at least partially fixed. Austin’s Silicon Hills aren’t going to completely and immediately collapse because of just one event...
@@ClementinesmWTF I think you overestimate how quickly and easily something as large as a power grid can be fixed. But the power grid isn't even the real problem - it's just a symptom of it. The free market worshipping, libertarian my rights uber alles ideology that built that isolated grid is the problem, and that is definitely *not* going to go away any time soon, *especially* not with a massive influx of it's core adherent demographic.
I'm personally glad this video came up regarding potential of other silicon valley hubs. I've long been on the side of Texas looking to do niche work rather than replicate another SV (here we have silicon prairie [Dallas] and silicon hills [Austin]). Its literally not possible since the would has modernized. Texas has huge potential to nurture clean energy industry on account of its huge investment in wind & solar already via subsidy and land, being the headquarters of almost every energy company in the country that are already starting to wonder where to invest next, and its decades long business friendly climate to such companies. My fear is the latest crop of conservatives that run this state went from being non interventionists when it comes to energy to potentially fighting culture wars over it. Texas might very well slit the throat of the goose that might give it the golden egg.
You should make a video about pontevedra, galicia, spain
You forgot about silicone ice-cube tray in my freezer.
Silicone has better uses ;-)
Shenzen is the new Silicon Valley and it has been for a few years now
Can you do a video on sprawl repair?
Good topic idea! I'm sure I will do one on that topic, hopefully this year.
In the bonus clips, do you explain why Detroit is the map in your outro background?
Will you do a video on Baltimore one day. Its decline and future. Maybe something to do with the rust belt cities. Or maybe the northeast megalopolis?? Just an idea I'd like to see a video on. Love the channel 💪
What are people in Miami already good at?
As someone from the region, I genuinely don't know... Vacations? Being an international hub??? There's some amazing art and culture.???
@Ian Brennan Fair.
@Ian Brennan Number one in Medicare fraud.
Are there any good universities in Miami ? What do you think about UM or FIU?
@@andym417 some of the better schools in the state. FIU apparently has a great med program or something? I didn't go there because as a teen I was pretentious and wanted to go to a prestigious out of state program.
@@romywhite290 Thank you so much, im looking for a good finance/business school and heard that FIU is a good one
Always waiting for your videos...
Great video again @CityBeautiful. I would like to add that Bangalore (Bengaluru), India is a huge tech hub in Asia for software (maybe alongside Shenzhen in China which is famous for Electronics/Robotics). There are a lot of Indian tech companies with a market cap of a few billion dollars (and will likely increase as India grows) headquartered right here. Bangalore also benefited historically due to the history of tech innovation and outsourcing coupled with great weather (once up a time lol) that led to its meteoric rise. A counterpart city, Hyderabad saw a lot of US tech companies set up shop there rather than Blore due to cheaper rents and more space (Bangalore is notorious for traffic jams). However, Blore is still king for startups due to a historically stronger entrepreneurial and collaborative culture coupled with an educated workforce. However, rising prices and choking infrastructure threaten Bangalore's position as a haven for startups. Personally, having visited Florida a few months ago, I wish that more tech companies do set up shop in the Magic City. Cal is drop dead gorgeous but nothing beats the warm sea breeze :)
"silicon kashba in istanbul"
I'm from istanbul and Ive heard of the "silicon valley in istanbul" but i have never heard anyone calling it "kashba". Couldnt find any sources calling it that too. Kashba is not even a turkish word.
Isn't it called Constantinople?
Rest of the world calls it Istanbul. Theres even a song about it lol
@@Emre-tf8hp Ra-Ra-Rasputin!
@@quantumhelium some say that song is inspired by a folk song from istanbul -- "Üsküdara gider iken". Check it out!
@@Emre-tf8hp Wow! I like Iskender Kebab. Bursa looks so clean.
Cambridge, MA: "Am I a joke to you?"
North Hartford.
@@quantumhelium ???
@Moon Shine How so? How isn't Cambridge equipped to be a tech hub?
@@andyjay729 Safest part of America and everyone in North Hartford is very educated and working towards great goals in technology! They only carjack cars with built in GPS right now.
@@quantumhelium Well, it is true that "North Hartford" has one more Ivy League university than Miami does. And that more computer companies have been founded in Massachusetts than in Floriduh.
I think Dallas and Austin are far ahead of Miami in the race to become the next Silicon anything. They even already have nicknames (Silicon Prairie and Silicon Hills respectively).
This video has me really wanting to research RTP in Raleigh/Durham and learn how it started up
It takes one studio (Marvel) to make Atlanta the future of movie studios, it’ll take just one or two companies to change things for miami
We all know Columbus will become the top in tech by 2040 when the Oasis is invented.
Such an underrated comment. Unfortunately I don’t see many people “getting” it.
I don't get it? Ohio?
@@MirzaAhmed89 It’s a book that was made into a movie in 2018 called “Ready Player One” about a teenager in the year 2040 who lives in Columbus, Ohio & finds a hidden egg in a virtual video game that the whole world plays to escape a depressing reality & whoever wins the game gets to own the virtual video game company & the whole world is competing to win the prize
Hey Dave, what’s that cool LED display up on the shelf?
7:32 is that a mistake or an intentional cover up to not get involved in the crimea situation?
Moved to Detroit from the west cost for a tech job (sounds like it should be the opposite, right??) and had to go on nebula just to watch the bit on Detroit! Can't wait to see an in-depth Detroit video. You could do a whole series on the city/metro region. I think with the rapid technologization(word?) of the auto-industry, you are going to continue to see a rapid rise in white collar workers in the area. Detroit already has some of the wealthiest suburbs in the nation. Its low key a potential boom town for tech work over the next couple decades. Excited for Detroit's future, and current trends towards embracing Urbanism.
1:54 I was gonna say urban decay, rust, and bankruptcy. “Cars” didn’t even cross my mind
When I think of Miami, I think of silcone breasts , fitness and fashionable people. Tech could fit into a bilingual multicultural city by Biscayne Bay.
Yeah it is a beautiful location
i always see miami as a tech and entertainment distributor for latin america.
Nothing about Shenzen?
Paper?
Off the top of my head, for anything 'tech-y' in Miami (and FL) there's CCSFS and KSC where they launch rockets to space... The rockets themselves aren't built there though, they just get assembled there before launch.
SpaceX plans all future rocket model launches from Texas though; they're phasing out heavy use of their FL launch sites.
@@curburfosho Given the proximity to another country I honestly have doubts that they'd continue to use the site however. It sure is a lot more to the south than any point in FL but I have questions for whether they could put the same enforcement that they currently do for CCSFS and KSC.
@@mukrifachri That's what SpaceX has maintained the past 3 years, including when the plan was stated again in a March press release. All logistical current version SpaceX rockets already in full operation have been launching out of their 2 FL sites and those sites will continue to handle those launches, however, the # of these flights for this rocket version is expected to draw down over the next few years while the # of launches occurring at the 2 launch sites located within the newly named township of "Starbase, TX" (next to the existing town of Boca Chica, TX) are expected to ratchet up and take a larger & larger share of SpaceX's launches per year. All future next/newer version rocket test launches, as well as all subsequent future logistical & (eventually) commercial SpaceX launches are currently slated to take place in TX. I can understand the doubt, but you can look up the press releases themselves. This makes a lot more sense when also given the fact that SpaceX has setup large office locations in Austin and in/near Starbase, TX where they currently are under going large scale hiring runs in order to quickly help ramp their TX operations up.
@@curburfosho You're right, yeah. Their EIS for Boca Chica back in 2014 included plans for FH/F9 launch pads as well.
What about Austin? Or Waterloo-Toronto?
Whats that cool electronic metro map behind you??
is the picture at 3:00 also from the 50s??? half of campus is missing-the entire engineering quad appears to be a field!
5:53 someone literally took a photo of a 'no photos' sign
5:17 Hollywood does this too, especially in animation. From Looney Tunes to Dreamworks, pissed Disney workers have been the best source of crude and inventive animation.
I have a question to others who watch this video. Did you learn about industry clusters in high school or not?
I know I didn't in my FL high school 🕺
@@UserofRUclips2 same
No, but I went to high school outside the US. However, that doesn't mean I didn't know about Wall Street, Silicon Valley, or Detroit.
Would you consider New York an industry cluster for the arts?
Replicating Silicon Valley won't succeed?
Shenzhen says hello.
It's relative. Shenzhen's contributions to innovation are minimal: basically the ESP8266/ESP32 microcontrollers (an affordable wi-fi enabled microcontroller), and the WS28xx addressable RGB LEDs (the reason for colorful "GAMING" PCs). Other than shiny colorful lights, nothing revolutionary has come out of shenzhen. That's the problem with China's "copycat culture", and their mentality of "we must be the factory of the world": they just produce stuff that's invented elswehere. Once we start seeing a stream of innovative products from China, we can call it "the next silicon valley". Meanwhile, they're just low cost, high tech labor.
Shenzen îs a dump.
Different country different results
Isn't Southern Florida doomed to be under water in 50-100 years?
I think what you said about how the city should identify and boost its current advantages makes a lot of sense. The city is already the agreed upon capital of Latin America, and we are now seeing a major boom in the entertainment industry, specifically spanish speaking media. There is now an entire section of Little Haiti that used to be abandoned warehouses and is now a hub of small studios. Add that to Univision’s and Telemundo’s multiple studios and offices and the city could really become spanish speaking Hollywood if it wanted to.
TRS-80 Mod IV in the thumbnail- w00t!
Can you do a video on can Miami become the next wall street?
Don't let the tech people make Miami worse please...
The biggest concern I'd have with IT in MIA is the infrastructure. Although Miami has access to extremely fast networking, generally stable power grids and other primary utilities required to run a massive tech cluster, the outskirts of the city does not. This would not be a problem if there was space in the city to field these massive tech firms and their respective facilities; however, there is most certainly not enough space for some of the larger networking installations, whether that be networking capacity, electrical capacity or physical capacity. You can only build so high before the scale of projects requires more lateral real estate and the only locations that would allow for this expansion would be in those outskirts, where networking and electrical supply is nowhere near as robust as necessary for these firms. Major infrastructure revitalization would need to be executed by either the city, the state, the enterprises or a combination of the three, potentially taking over a decade to complete with an early time window being 3-5 years.
No mention of the tech manufacturing cluster capital Shenzhen (not a hub for semiconductors). Only odd because a less successful artificial tech cluster Akademgorodsc is mentioned
Speaking of somebody who was born, raised and grew up in Miami all of this shit will evaporate the minute something like hurricane Andrew happens.