Will Oremus, senior technology writer at Slate, reports that, “Silicon Valley Has Officially Run Out of Ideas.” Because the recent TechCrunch Disrupt conference in San Francisco, awarded Alfred, the top prize in its competition for startups.
They spend the whole day with the same group of people – riding buses together, eating together, etc.
There is lots of data showing that novelty comes from the friction and interaction between ideas. Hard to be novel when everyone knows everyone else.
Epistemic closure is the result and we seem to see the same $18 billion being traded around by venture capitalists.
Where will the new ideas come from?