WEBVTT 00:00:00.000 --> 00:00:01.595 The Silicon Valley that we see today 00:00:01.595 --> 00:00:05.151 has been completely corrupted by Venture Capital 00:00:05.151 --> 00:00:07.773 and the Technology Tabloids, as I call them, 00:00:07.773 --> 00:00:10.319 people who read TechCrunch and Business Insider 00:00:10.319 --> 00:00:12.867 instead of actually working on real innovation 00:00:12.867 --> 00:00:15.652 all real innovation that has happened in history 00:00:15.652 --> 00:00:17.661 has taken place at the margins 00:00:17.661 --> 00:00:20.320 with people trying to solve problems 00:00:20.320 --> 00:00:22.934 who didn't have enough resources to solve them 00:00:23.224 --> 00:00:25.063 people who were really challenged 00:00:25.063 --> 00:00:26.680 by resource constraints, 00:00:26.680 --> 00:00:29.117 and who usually had a lot to loose 00:00:29.117 --> 00:00:32.018 if they failed in solving their problems