16:30

Balaji Srinivasan at Startup School 2013

Name: Balaji Srinivasan at Startup School 2013
Uploaded: 2014-07-23T21:48:08.640Z
Duration: 16 min 30 s
Description: Balaji Srinivasan argues that the concept of "exit" (forking, founding a startup, emigration) is a necessary complement to "voice" (voting, internal reform) for preserving minority rights and driving change. He applies this to the tension between Silicon Valley and the "Paper Belt" (Boston, NYC, LA, DC), predicting the Paper Belt will backlash.

From Y Combinator · Published Jul 23, 2014 · Watch on YouTube

TL;DR

Balaji Srinivasan argues that the concept of "exit" (forking, founding a startup, emigration) is a necessary complement to "voice" (voting, internal reform) for preserving minority rights and driving change. He applies this to the tension between Silicon Valley and the "Paper Belt" (Boston, NYC, LA, DC), predicting the Paper Belt will backlash.

Key insights

Exit amplifies voice: when people leave in droves, internal dissent gains attention (e.g., a bug causing a fork, a policy causing emigration).
The USA is like an old, obfuscated codebase (230-year-old constitution); reform from within (joining as employee #26000) is ineffective — starting a new company (exit) forced Microsoft to imitate Goog
Silicon Valley is unknowingly "putting a horsehead in all the beds" of the Paper Belt (NYC: advertising/publishing, LA: entertainment, Boston: education, DC: regulation) via companies like Netflix, Ub

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