0:00:00.000,0:00:01.595
The Silicon Valley that we see today

0:00:01.595,0:00:05.151
has been completely corrupted by Venture Capital

0:00:05.151,0:00:07.773
and the Technology Tabloids, as I call them,

0:00:07.773,0:00:10.319
people who read TechCrunch and Business Insider

0:00:10.319,0:00:12.867
instead of actually working on real innovation

0:00:12.867,0:00:15.652
all real innovation that has happened in history

0:00:15.652,0:00:17.661
has taken place at the margins

0:00:17.661,0:00:20.320
with people trying to solve problems

0:00:20.320,0:00:22.934
who didn't have enough resources to solve them

0:00:23.224,0:00:25.063
people who were really challenged

0:00:25.063,0:00:26.680
by resource constraints,

0:00:26.680,0:00:29.117
and who usually had a lot to loose

0:00:29.117,0:00:32.018
if they failed in solving their problems