Talent, money, innovation moving off shore

Newsweek has an important short on globalization featuring IBM.  My friend Rob Wuebker, a recently PhD specializing in the internationalization of venture capital, pointed out the article.  Think about the implications of these three quotes:

The fact that IBM is headquartered in Armonk, New York, matters much less than it did, but it still contributes. The company employs more than 100,000 people in America, close to 30 percent of its workforce, though that is down from 35 percent two years ago.

This is the new world of global business, one in which the U.S. becomes simply a market among markets, and not even the most interesting one. IBM is one of the multinationals that propelled America to the apex of its power, and it is now emblematic of the process of creative destruction pushing America to a new, less dominant, and less comfortable position.

Money and talent follows opportunity.  It’s increasingly global.
It will come down to 1) where are young people are prepared to innovate and execute, 2) what contexts are most hospitable to developing and scaling innovation.

Tom Vander Ark

Tom Vander Ark is the CEO of Getting Smart. He has written or co-authored more than 50 books and papers including Getting Smart, Smart Cities, Smart Parents, Better Together, The Power of Place and Difference Making. He served as a public school superintendent and the first Executive Director of Education for the Bill & Melinda Gates Foundation.

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