DATA: CB INSIGHTS
Bloomberg Businessweek | Sooner Than YouThink June 10, 2019ofwhatothers deemimpossible isinfectiousand
spreading. There are plenty of reasons to be fright-
ened by this but, I think, many more reasons to be
optimistic. It’s cliché now in the Bay Area for everyone
with an app or online store to claim they’re changing
the world for the better. Elsewhere, though, this belief
carries real meaning. It certainly does in the labs in
Jerusalem making artificial organs, and for the engi-
neers in the Atacama Desert producing devices that
pull clean water from the air, and for the scientists in
Siberia working to generate clean energy from fusion.
People who were once limited by geographic isolation
and poverty now aspire to sell products and services
to the world. The tolerance for risk, nurtured and per-
fected in the Valley, has made its way to new homes.
If fantastic riches got Silicon Valley off track, there’s
a chance the rest of the world can shove it back. New
voicescanrisealongsidenewideas,andpeoplecan
forma newrelationship withtechnology.Tothink
otherwise is to believe far too much in the power of
the algorithm over human agency and creativity. <BW>UnicornIndustries
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Private companies valued at more than $1 billion
as of May 9, by industry
47