Periodic table of tech in Indonesia. Apple in health care. International unicorns.
Since we started CB Insights, there have been two questions people have consistently been fascinated with:
Are we in a bubble?
Where’s the next Silicon Valley?
To answer the question about whether we are in a bubble — we’ve been asked this since 2010 — we’ve learned that it’s always a good time to call it a bubble. Always.
It’s a surefire way to sound smart and contrarian. You know — when others zig, you zag. You crazy tech bubble prognosticating rebel you.
As Dan Gardner details in his great article for Slate (see The Blurb), the Pundit Industrial Complex has realized that the key to making good predictions is to make a lot of them, as people forget when you’re wrong. Heck, there are entire multi-billion dollar asset classes built on this same thesis.
In other words, keep predicting the demise of everything and then write a Medium post about “how you saw it” when one finally hits, and nicely ignore all your misses.
Note that this strategy works with predicting M&A too. Apple should buy Tesla. Google should buy Snapchat. You get it. Whip up every permutation. Publish them all. Get 1 of 100 right, and watch the media interview requests come flying in as you were the one who saw it before everyone else.
The other big question is about where the next Silicon Valley is.
We’ll dig into that below, but first, some data.
The who’s who of tech in Indonesia
We outlined the key players in Indonesia’s startup ecosystem in our periodic table of tech in Indonesia. It highlights startups, investors, and notable exits from recent years.
The next Silicon Valley
Building a tech hub outside of Silicon Valley is a good aspiration. It’s a good thing for governments and communities to want, given that tech is where the world is going.
As medical devices start becoming more enabled by software, Apple’s competency in bundling software and hardware is a major advantage. The company is bolstering its software offering as a whole through a number of recent acquisitions of artificial intelligence companies, seen below.
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