Bali is indonesia's resort location,thats why its being pumped up as better then a over crowded misery box that is the bay area,Kids renting out closets for 1000$ a month,where the fuck is he getting 500$ a month from?
dominowasbala in other videos, CNBC said he's happened to be in those countries. He travels a lot and I think they shoot multiple videos at one locations
I did this a few years ago. I lived in Bali, then Phuket and also and George Town (Malaysia). It was a pain in the ass, honestly. Internet connection is stable, but slow. Everybody on your team is in a time zone completely different from yours. Also, you can only stay in most of these countries for 90 days, then you have to move. Also, it's a bit difficult to re-integrate back into US social circles after being gone for several years. But the beaches are nice.
@@tmit9992 We have problems too. Flint, Michigan, USA. All kinds of chemicals. Some in almost all the population. I used to kayak. I could see what was being dumped in a creek near my home.
What about Austin TX? Phoenix AZ? Portland OR? Offshoring has its downsides and the quality of developers isnt comparable. You're much more likely to find awesome developers in the US than Bali. China is great for Chinese/Americans but its not so welcoming to westerners.
The biggest concern I have with off-shoring is that only a quarter of Americans can speak a second language with any fluency, and only a fraction of _them_ have the capital and connections necessary to create a multinational business startup. What keeps the U.S. competitive despite that is its capacity to hold a lot of the means for development within itself education, location, resources, etc., but taxes for socialized programs can and will strangle those means out of existence, and when that happens, Americans will be forced into an international market they have no experience or understanding to remain competitive in. Tell the average graduate from a U.S. university to try and make a start-up in Rwanda, a completely foreign and alien country with a strong, growing economy, and tell me how far he gets.
It's a NASSCOM PR piece designed to drive work out of the US. These other countries are jealous of the US. NASSCOM regularly hires US PR firms to pump this kind of propaganda. indiaincblog.com
You can blame the transplant Tech billionaires who think THEY made the SF Bay Area what it is. It's so bad that it convinced an old blue blood silver spoon like Jed York to move the 49ers to Santa Clara while still calling them the San Francisco 49ers.
lol yea San Francisco Bay Area, key word, BAY, and silicon valley, key word, VALLEY lol silicon valley does kinda extend into south bay, but really only southwest bay towards palo alto, southeast bay has more industrial zones towards fremont. San Jose is the heart of silicon valley, San Fran is on the outskirts of it
CNBC seemed pretty uninformed, the cost of startup in Beijing is huge as well. The property value have skyrocketed there and is comparable to San Fran....they used Bali? WTH, that's random. Why not an obscure city in India or China? There are a lot of local talents that are highly educated at a fraction of the price
yeah they are tripping for sure, cost of having a startup in beijing or Shanghai is really high, I have witnessed many foreign startups fail in China because of the rising infrastructure cost.
@@Kaizen2011 Because they took them over. Better learn some history. Both companies were founded and built by white Americans. Tell me what year both were founded and what years the H-1B visa caps were raised so they could be taken over. Were you even alive in the 1990's?
So many other great cities outside of Silicon Valley (Chicago IL, Raleigh NC, Austin TX, Minneapolis, MN), that are much affordable for tech startups and for its employees. The cost of living in Silicon Valley has become ridiculous. A software engineer making six figure income can't even afford a 3 bedroom small family home. That's also not counting how crowded Silicon Valley has become. Tech companies need to start spreading out of Silicon Valley. This will help improve quality of life for its employees, by reducing the cost of living, and better commute experience in general.
This has already been happening. I work for a Silicon Valley startup with 6 figure salary, but live and work remotely where it's cheaper. The rest of my dept is spread out around the country and work remotely too.
Nope. Never outsource your whole team all around the world- I can safely bet that the person who came up with this video has 0 experience running a business. Efficiency goes down exponentially because no one is on the same working hours. It will take days to get the simplest tasks done. Probably the dumbest video I've seen.
Agreed. Not something to get into unless you really know what you're dealing with from previous years of top-level experience. Some intelligent but inexperienced schmuck will end up failing... hard.
this is true... even with some of my clients who are in different timezones, it is super unproductive to communicate because they are up when i am going to bed.
Well, I'm Indonesian and if there's a place with huge supply of talent with living cost much less than even Bali, it's Yogyakarta. Unfortunately, there is a strict rule about what kind of business you may build. It needs to have something related to creative industry, education, and culture.
hugo bosse They are Americans, what did you expect? In geography terms, they know Canada is to their north, and illegal emigrants to their south. Full stop.
Ok, I see some of you got the OP from the wrong angle. It's not about if France is objectively better or worse than Germany at designing, is that the fuctards of CNBC literally have marked France in the map instead of Germany. I guess all the budget for the report went into airtickets and hotels at Baly and Singapore.
hugo bosse and this video makes a statement that Bali is a random island in Indonesia. Duhhh, most of people know or have ever heard of Bali but I guarantee that many of them don't know what the fuck CNBC is.
The problem with Bali, from a Tech point of view, is that (from what I'm reading) the internet speeds are quite low. So if your tech startup has any sort of data transfer... yes your runway is longer, but you murder time with the length of time it takes you to move files around. Time = money. If it takes you a few hours to send a file in Bali, vs a few minutes in another place that's slightly more expensive.. can't that time be used viably to earn more monies?
Also, your "Robotics Company' example is based out of Beijing... Beijing is WAY further ahead in tech terms than your other low-priced examples. Show me a high tech company that's working out of Bali. Please. Everything I'm seeing online says that stable highspeed connections are impossible to find in Bali, and power blackouts can happen at random. So Bali seems like a bad idea for a high tech company.
This is a nonexistent problem. There is no job that requires the constant upload/download of large files. Most people may need to occasionally upload/download a large file, so yes, perhaps once or twice a week a 30s download may take 5m, but that's hardly something that is an issue. Also, as for the product itself, you would still run the servers in the USA, so the lack of internet speed is not a valid issue. It can be annoying from time to time for personal things like Netflix or TH-cam, but most people's day to day upload/downloading needs are small enough that it's not noticeable. For example pushing an update to github may take 5s instead of 0.5s. If you're super active you push 20 times a day, that's SUPER active. So you lose 1.5mins a day, hardly enough to offset the other savings.
Uhmm... the internet speed isn't as bad as you think. Take for example, Mailbird. It's one of the best if not the best mail client at the moment, and it's entirely developed and still maintained in Bali! The app is successful and it's a paid app!
I'm a startup founder live in Surabaya just 400 km from Bali. Meal cost is cheap here, but the housing is far from cheap. Legal hurdle is still hard to face here. Startup association also doesn't support that much. Bank and accelerator are too selective on their funding. We need more accelerators like Y Combinator here. Yes we have some unicorns i.e. Gojek, Grab, Tokopedia, or Ruang Guru. But, the startup ecosystem need to get more attention for the best performance.
Digital nomads choose bali because they need to comfort their self, enjoy and refreshing environmental., so they don’t get stressed while do their jobs.., bali offer nature and culture interest and also bali is cheaper compare to western country and internet access is good.., So it’s not just about the coconut., you can’t forcing someone to stay in some place for a long time but that they don’t feel comfort even if those place cheaper or more develop, hard to forcing someone to out from their comfort zone
The cost would be much lesser at Banglore, India and there is a thriving number of tech startups surrounding it, giving it a tech startup culture. For cost comparison, you can get Tea/coffee at 0.15 US Dollars while it is 1.5USD at Bali (10X?) or $5 at San Fransisco(32X) as shown in the video. There is also good low-cost internet infrastructure even offering 1Gbps plans. Also, it has started to become a good market.
It's not just cost of living. Of course there are places that are cheaper. It's also about quality of life. Bali was used as an example as it's quite a sought after destination for people. India not so much. As someone who has visited both places, I can tell you that India is not the sort of place that most people from SF might want to spend two years. The weather, the pollution, the poverty, the cleanliness, the food, the noise, local labor quality, etc. (I could go on) are all valid reasons to choice somewhere in SEA or East Asia over India. As my friend who lived in India for a year used to say: "Happiness in India is a dry fart". That's not to say that India has nothing to offer, quite the opposite. It's really quite a wonderful place to visit, but visiting and living are totally, totally, totally different things.
+Peter R You can't say that the weather, pollution, poverty, cleanliness, noise, etc is bad or even the same throughout the country. Food is subjective. Lots of people in the west love Indian food and that's why Indian restaurants do so well in the US (even mediocre ones that Indians avoid). If there were no quality programmers in India, major companies like MS, Google, Amazon, etc wouldn't be having dev centers in India (true dev centers, not production support, which thousands of companies rely on Indians for anyway).
Ehr, yeah. Except that in Bali, if you want to work for 2 years, you'd better take a very good look at the immigration laws I'm not saying it's not possible, but it might be hazardous. EDIT: The more I think about it, the more I think that CNBC are either naive or haven't done their research. Incorporating a foreign company in Indonesia costs north of a million dollars, the papers needed to work there legally take 6 month to a year to be issued, and it's strictly prohibited to work there without being employed by a company that has incorporated by the book. It's usually tolerated to go there for a studious holiday, or to take a couple of weeks to meet co-workers for a work retreat , you can even find decent co-working spaces. But advising to make Bali your base of operation is beyond me -unless you're 100% remote or a small and very low profile team. Yes there are outliers who do perfectly well there, and I wish them success and riches (why not?), but do stay informed and do prepare yourself before moving there.
Part of running a startup outside your home nation is something called a "visa run". Anyone who has done this knows the word all too well. Most countries in SEA will allow about 30-90 stay, after which you have to leave the country and re-enter. Thankfully the visa instantly resets you can you immediately return. Also, Bali is not the only choice, in fact it's not even the most popular choice. Many people do the same thing in Thailand, Vietnam, Malaysia, etc. It's certainly doable, and "hazardous" is not a word I would use to describe it.
you just do visa runs every 2 months... its kinda nice, just catch a flight to KL and back every two months... Costs about $100 return, you also need to extend your visa after a month... Theres no limit on back to back tourist visas
Because theres no way to raise the average IQ of Americans. It’s only the top 10% of any population that has the aptitude to be engineers. So to meet the demands of these high skill jobs, they need to take the top 10% of China or India which have populations of about 1.3billion each. Sorry the truth isn’t politically correct.
Taka Masuda Sadly, You are right. However, that can chance IF the government of the USA stops being so ultra conservative and ultra religious and shift towards a more progressive altitude to encouraging science and technologies. Until then, no chance
doody boy you agreed with me then followed it with a statement that’s the opposite of what I said lol. The government can’t raise the average IQ of the American people. You can’t throw money at this problem. IQ is IQ. Yes both nature and nurture determine someone’s success, but even if we max our nurture, we’ve already maxed out nature. I was a math tutor in HS so I know first hand.
come to Poland coworking desk is 125 usd/m, 300 Mbit lan is 15 usd/m, LTE in all major cities, office space in new buildings is 10-25 usd/sqm taxes are: 23% vat 15-20% cit 19% pit but if you sell worldwide you can setup your company in uk, ireland etc. most young people know English we have a ton of great devs weather is nothing like Bali or SV but much better that say UK :)
I have a plan for building a software company in Malaysia after completing my post graduation there. This video has inspired me to achieve my goal. Let's see what happens in the coming days.
Let's forget about the H1-B visa, which is mainly used to find cheaper engineers domestically, thereby trapping foreigners into a job that will never give them a raise. Instead, let's create a new visa for foreign founders, and encourage talent educated here to stay!
lol import more people so locals wont have jobs, right? encourage foreigners to stay while encourage locals to move out. why not investigate why the foreigners are doing better and apply that to the current system so the locals will be competitive. keep dumbing down your education system since foreigners are better. good plan!
Kiki Schirr "forcing" them into a "low-paying" job....riiiiiiight...Who is owning the homes in Silicon Valley? The Chinese population is skyrocketting. Most of those Chinese entrepreneurs are a bunch of spoiled rich fuerdai, who get coaching on how to be acceptable to the world instead of flaunting their wealth. Entrepreneur founders are mostly a designed lifestyle to keep rich kids having respect. Like deicide said: the locals need to have more opportunity to be competitive, instead of tech companies in-sourcing those outsourced jobs. Many wealthy Chinese are responsible for the housing bubble in the area: they are front-loading their life savings to pay for their spoiled kids' home: so they can illegally live in it when they retire (no wonder everyone in this area loves sanctuary cities....!!). Is this fair to the locals? Are the locals breaking the law and being spoiled, then complaining about Trump and Americans who have it "good?" What about the rural and middle-America people who want to work in Silicon Valley? The Bay Area respects immigrants more than it does Americans. Other countries need to create their own versions of Silicon Valley, as it is most Americans' dream to stay in their country instead of having to move to China to have a good life. The Chinese kids getting educated in the US and going back to China to start their business is no accident...They are basically stealing America's ideas and then out-competing us where the labor laws are less strict. The government even pays spies to get educated in the US and are forced to work for the government of China and improve China, or else their family in China will have all their properties confiscated, etc (go communism!). You all should watch China vs. USA: Empires at War. Most people are too naive to want to know what is really going on. By the way: global nomads and global citizens is basically a relationship of friends with no benefits...We all know how those turn out. Notice how all the third-world countries are upgrading to first-world countries, but not the other way around? The global standard of living is being equalized, which is hurting local Americans more than anyone else.
Dur3000Z C'mon mate, you must be joking. No Chinese international student is forced o return after the completion of their degrees these days, not after 1986 at least - even if they were funded by the government at the first place. My dad was funded by the government to study telecom engineering at UCB. After receiving his PhD, he worked in Huston for a couple of years before moving back to Shanghai to reunite with the rest of the family, and now we are living in Sydney. Just like many Chinese people think America is not a safe country, Americans still see China as an 'evil communist regime', which is completely inaccurate. The best way to learn a country is not through your biased media, propaganda, or some shitty posts on reddit. You need to experience the things yourself before making your own conclusions.
Seattle is one of the better places in America for Startups. And Amazon, Microsoft headquarters are there too. Plus Washington is a tax free state. Lot of Startup events.
The liberal NIMBY attitude is killing San Francisco. You cannot do anything in San Francisco without someone trying to get you to pay up to “help the community”
I have never paid for a 5 dollar cup of coffee in SF or anywhere else because I brew it myself. I buy a container for 6 dollars and it last for over a month.
California really needs high-speed rail as soon as possible to correct the regional jobs-housing imbalances and to enhance the agglomeration economies.
What ideas haven't been exhausted ?! There's food delivery , retail stuff delivery 📦, people moving, car 🚗 rental, grocery store delivery, online dating, online teaching, online housing, online shopping, online banking ! Where is the need to go to Vietnam 🇻🇳 to brainstorm?!
If you already have a committed team of great people and they all agree to move to Bali then good. However finding a team of like-minded, hugely talented, educated, committed, entrepreneurial staff in Bali would be near impossible. imo.
I hate to say this but it is time to slow Silicon Valley until they correct the issues that exists when it comes to housing, homelessness and out of control costs. The greed and lack of planning in the area is making it almost unbearable to live in the area.
You can't build elsewhere a profitable Start Up than in the USA. It has a lot to do with with bureaucracy, venture capitalists and the capitalist system that the new founders benefit from. Maybe Silicone Valley today went to expensive, but I do believe that there will be another location for Start Ups in the USA. Maybe it could become Detroit in 10-15 years.
This video fails to consider that staying in Silicon Valley is important for finding great developers. Great developers are easily more than 20x more valuable than okay developers. Even if funds might last you 4x longer in Bali - it is a bad idea because: 1. There are more distractions/things to do in Bali other than work 2. After 2 years, the market will have changed - and you might already have missed the timing 3. You will care less about making money/stay too comfortable. 4. The investors will have to wait longer to see if they get a return on their investment. 5. Internet sucks 6. Working across different time zones can be a mess. Simple tasks can take a long time to complete.
I survived 12 yrs in the Bay Area. It's the network, disruptive economy and anti government hands off that makes silicon valley. You can't replicate the networking aspect of silicon valley, you can go cheaper though.
I've been contracted by silicon valley startups since I was in high school back in 2009. I though it was normal. I lived in a crappy state with few to no tech jobs and so the only way was to work for a California company remotely.
500k a 6month runway pfft - not even close. Hell, your burn rate between staff and location alone will blast that to ... 2 months? Tops? Depending on upfront costs on leases in the Valley - that's a chunk. Staff are averaging nearly a quarter mill ea. thanks to insane COL, so 12 staff members means half your costs are gone in 30 days. And that's even before you equip the office and start your infrastructure expenditures. And as usual - you've totally skipped over Sand Hill Road VC requirements on location.
Here is one of the issues that I see with this. Sure you might have a 6 month deadline compared to a 2 year deadline but even than would you want to release the product later than you can anyways? If the extra time isn't worth a lot to you because you need something released relatively quickly, wouldn't you rather chose the area with the best engineers? There are also other issues with moving somewhere else. That place might not have nearly as fast internet as Silicon Valley nor would it be practical to stay up until 3 in the morning simply to talk to someone that lives across the world. Silicon Valley of course isn't the only place where you can start a startup company but it is still a very practical place. There is a reason as to why Silicon Valley became known as Silicon Valley.
Tech Culture has blemished San Francisco by labeling it Silicon Valley. None of SF's character and history that made it what is is has nothing to do with Silicon Valley.
Because the silicon valley is the worst possible place to have a start up. Youll end up spending most of your profits on housing for yourself and your startup. Not to mention the insane taxes in california.
Yea, you seem to leave out that SV has top tier engineers. In those cheaper place you'd end-up with B/C grade engineers that will take longer and put out a lower quality of work.
Why can't one just build stuff in their garage as Henry Ford, Walt Disney, Steve Jobs and Steve Wozniak did? Do you really need to fly to Bali or rent desk for $500/month in SF in order to sell stuff people need?
Wow. I've lived in silicon valley for decades (now retired) and all of a sudden San Francisco is there? I know the San Andreas is a major fault but from my experience working in high tech here San Francisco was never part of the Valley. Not physically and not culturally. Will wonders never cease.
Where's science, there's (tech) revolution. It took many decades of scientific and engineering research (+ heavy investment by government) to achieve present-day level of technology. It will take years of hard work and firm continuous investment to catch up for those societies that fell behind. Africa, Middle East and Mediterranean once held leadership in science and development, but somewhat fell behind for some reason over the centuries.
the problem is "less money vs no money". But, if it is "more money vs less money", I can help setup in great locations in India, not just metro cities 😊, nature , net and techies
They confuse starting a business with freelancing/digital nomad. If you start a serious tech company like the next Google, can you seriously build it in Bali and remotely so? CNBC you got to do better research than this on where can one actually find the best talent to work with while maintaining the costs outside USA. The immigrant hiring being the only problem you highlight correctly.
That's all good until the entrepreneurs in the countries these start ups move to realize that tech money is moving in, that $500 a month rent will turn into $2,000 a month
Why all technology have to be in California? Why not move to the other 49 states and you have plenty of opportunities to create a business in the area? Here in Ohio several tech companies are growing especially a solar panel manufacturing company.
Many small cities literally give you free office space, usually in a growing area that gives some serious physical asset to your business. You can run x4 companies for the cost of Silicone Valley. For simple things, it is the future, but for the cutting edge stuff, Silicone it must. For example, consultants and it have a large growth in the future, the basic ones coming up with marketing plans/Accounting for regional businesses. Also credit unions are way stronger than national banks, we will see the decentralization of capital and these guys fund the real economy, not some bank diversity bs loan, these guys are dead good at investing locally. The whole thing is, it all leads to growth in world capitals of service (Silicone Valley, Wall St, K Street, Detroit/Auto engineering, La Hollywood and a few others) due to increased economic production, a natural shift from Manu to serv and world economic growth. I ran a marketing consulting firm at 23, I was making $18 an hour usually. I had no expenses basically, no office. The waste is pitiful man many ways with companies getting space. It's an amazing boom to have free office space in many Southern cities now for small tech companies. My city Augusta is now the Cyber Capital of the World if we get all they are planning on building. Not to mention the Masters and the worlds Only nuke plant being built on earth.
With Zoom you can have a team working remotely now. Have you seen Huawei in Shenzhen. It’s a wicked and fun place to work. Silicon Valley is boring and like a prison. Nothing there to eat.
Life has taught me to always ask. What's the catch? If it sounds too good to be true. It probably is. There are probably drawbacks like infrastructure. Or lack of individual freedoms. Or corruption.
*We have learned the hard way (over the last 30 years) that this zero-supervision "global" model is more likely to result in failure than success with startups. Once small companies are established, this model works if implemented carefully, but during the startup phase, going to the midwest is a far better choice.* *As for the argument that "tech is dependent on immigration to get the best talent" - this is utter bullshit. Silicon Valley uses immigration to lower costs of talent, at the expense of the country of origin (the USA), and the entire HB system should be dismantled.*
The video starts by talking about doing startup in Bali etc because it's cheaper and perhaps has a better quality of life -- great! But when it came to an example it used a startup that decided to HQ in Beijing...which is even more expensive than SV. So what exactly is the point of this video? Also those people chose Beijing because they wanted to return home -- so now I'm even more confused about what the argument this video is trying to make for startups leaving SV.
how come no one has mentioned about the startups opening in Hong kong? or the tech boom in the greater bay area in Hong Kong-Zhuhai-Shenzhen-Macau-Guangzhou?
That's the whole point of being a digital nomad: to escape from harsh winters and McDonald's-Wendy's-Cosco culture --- though for non-Americans, it might be the reverse.
Dozens of startups are moving to Toronto. All these biggies are here, Google, Microsoft, Yahoo, Facebook, Alphabet and Apple Autonomous car development among others. Free medical after 90 days, all the U.S. TV channels are on basic cable, all the major sports teams, NHL, NBA and just 90 minute drive for the NFL in Buffalo, NY. The world's biggest and best film festival, TIFF, lots of great vacation spots 2 hours north of the city, hundreds of movies and TV series made in Toronto. See the summer TV series starting on July 12 on ABC, made in Toronto, home of Drake, Russell Peters and Beibs when he's in Canada, among others. Great airline connections via direct non-stop routes etc...Yada
There's nothing for you to "buy". Some people do it, it works for them. Other people don't do it, and that works for them too. It's not a requirement, just an option that can really benefit certain people/startups. If it's not for you, that's fine, but the concept itself is not flawed.
Yeah it's cheaper to go to cheap countries. But to be honest quality goes back. That's something that all companies see. They try to fill the gap of less qualified people with masses of people. That brings other problems too. Like people change companies for $5 dollar more money.
![⭐️( ลอยกระทง 2024 ) Ver. แดนซ์ Remix BY [ ดีเจกิต รีมิกซ์ ]](http://i.ytimg.com/vi/rMWOLhgXUHc/mqdefault.jpg)
Silicon Bali...
HAHAHAHAHAHAH
Bali dari Indonesia
Literally:
Bali is the Bengali translation of Silicon
Pindah bali ah buat startup.
(Padahal Jogja lebih terjangkau,akses juga mudah)
@@arnabghosh2544 lol
Coconut in Bali cost $1.5 ? WTF! Coconut in Bangalore costs $0.3, 20 INR. Move there.
If and only if, coconut is important for you.
Swanand Kulkarni coconut in Thailand was 50cents. Dude in Bali is getting the tourist rate lol.
Bali is near singapore, so many money there
The Solemn Nut Singapore is different country and Bali is part of different country . So don't add bullshit
Bali is indonesia's resort location,thats why its being pumped up as better then a over crowded misery box that is the bay area,Kids renting out closets for 1000$ a month,where the fuck is he getting 500$ a month from?
Swanand Kulkarni+ I think he is an Indian😂😂 .He probably know it's cheaper here
Does this guy actually travel to Singapore and Bali etc to shoot a 2 min clip?? I want his job!!!
dominowasbala in other videos, CNBC said he's happened to be in those countries. He travels a lot and I think they shoot multiple videos at one locations
@@AV-ll2wx yes, may be
nope.... he is live in Singapore, having Vacation in Bali & send the Video to CNBC
Ikr
I just shot out hershey squirts on the toilet while watching this video.
I did this a few years ago. I lived in Bali, then Phuket and also and George Town (Malaysia). It was a pain in the ass, honestly. Internet connection is stable, but slow. Everybody on your team is in a time zone completely different from yours. Also, you can only stay in most of these countries for 90 days, then you have to move. Also, it's a bit difficult to re-integrate back into US social circles after being gone for several years. But the beaches are nice.
Would appreciate knowing if the shower water is safe in Bali?
What about the bitches
@@SportsIncorporated hahaha no only US water is good, the rest if the world suck. US the best!!
@@tmit9992 We have problems too. Flint, Michigan, USA. All kinds of chemicals. Some in almost all the population. I used to kayak. I could see what was being dumped in a creek near my home.
Georgetown will not make you a pain in the ass :) trust me i know
What about Austin TX? Phoenix AZ? Portland OR? Offshoring has its downsides and the quality of developers isnt comparable. You're much more likely to find awesome developers in the US than Bali. China is great for Chinese/Americans but its not so welcoming to westerners.
are you out of your mind? Portland OR is a mini san fran. cost of living is so high
The biggest concern I have with off-shoring is that only a quarter of Americans can speak a second language with any fluency, and only a fraction of _them_ have the capital and connections necessary to create a multinational business startup. What keeps the U.S. competitive despite that is its capacity to hold a lot of the means for development within itself education, location, resources, etc., but taxes for socialized programs can and will strangle those means out of existence, and when that happens, Americans will be forced into an international market they have no experience or understanding to remain competitive in. Tell the average graduate from a U.S. university to try and make a start-up in Rwanda, a completely foreign and alien country with a strong, growing economy, and tell me how far he gets.
@@rl1271 How about Texas?
It's a NASSCOM PR piece designed to drive work out of the US. These other countries are jealous of the US. NASSCOM regularly hires US PR firms to pump this kind of propaganda. indiaincblog.com
Does CNBC know that Silicon Valley is more than just San Francisco...
Better yet does cnbc knows san Francisco is literally not silicon valley
Even better than that: CNBC knows Silicon Valley isn't made out of silicon.
You can blame the transplant Tech billionaires who think THEY made the SF Bay Area what it is. It's so bad that it convinced an old blue blood silver spoon like Jed York to move the 49ers to Santa Clara while still calling them the San Francisco 49ers.
lol yea San Francisco Bay Area, key word, BAY, and silicon valley, key word, VALLEY lol silicon valley does kinda extend into south bay, but really only southwest bay towards palo alto, southeast bay has more industrial zones towards fremont. San Jose is the heart of silicon valley, San Fran is on the outskirts of it
Why does no one seem to understand this... ?
San Fraansisco is not Silicon Valley!!! It’s San Jose.
Yes, San Jose is the capital of Silicon Valley, my garbage can says so.
Jofhj Furuf o
Not just San Jose, bruh! Can't overlook the beautiful Cupertino.
Actually today there are more tech companies in SF than in SJ. Just the big ones like Apple, Google, etc in SJ.
people know the SV is SF
CNBC seemed pretty uninformed, the cost of startup in Beijing is huge as well. The property value have skyrocketed there and is comparable to San Fran....they used Bali? WTH, that's random. Why not an obscure city in India or China? There are a lot of local talents that are highly educated at a fraction of the price
yeah they are tripping for sure, cost of having a startup in beijing or Shanghai is really high, I have witnessed many foreign startups fail in China because of the rising infrastructure cost.
Then why is there no Apple or Microsoft of India or China with all that "talent"?
@@tenminutetokyo2643 why are the CEO of Microsoft and google Indian?
@@Kaizen2011 Because they took them over. Better learn some history. Both companies were founded and built by white Americans. Tell me what year both were founded and what years the H-1B visa caps were raised so they could be taken over. Were you even alive in the 1990's?
@@Kaizen2011 Have you ever heard the names Bill Gates, Steve Ballmer, Larry Page or Sergei Brin?
So many other great cities outside of Silicon Valley (Chicago IL, Raleigh NC, Austin TX, Minneapolis, MN), that are much affordable for tech startups and for its employees.
The cost of living in Silicon Valley has become ridiculous. A software engineer making six figure income can't even afford a 3 bedroom small family home. That's also not counting how crowded Silicon Valley has become.
Tech companies need to start spreading out of Silicon Valley. This will help improve quality of life for its employees, by reducing the cost of living, and better commute experience in general.
This has already been happening. I work for a Silicon Valley startup with 6 figure salary, but live and work remotely where it's cheaper. The rest of my dept is spread out around the country and work remotely too.
Phrancis5
boy, are you rich! 😮
Armin Broubakarian Austin already has horrific traffic with the start ups already here. We couldn't handle it lol
but less so in Silicon Valley. It's all relative....
Hmm what about the visa issues? It still belongs to Trump zone.
Nope. Never outsource your whole team all around the world- I can safely bet that the person who came up with this video has 0 experience running a business. Efficiency goes down exponentially because no one is on the same working hours. It will take days to get the simplest tasks done. Probably the dumbest video I've seen.
Agreed. Not something to get into unless you really know what you're dealing with from previous years of top-level experience. Some intelligent but inexperienced schmuck will end up failing... hard.
this is true... even with some of my clients who are in different timezones, it is super unproductive to communicate because they are up when i am going to bed.
Well, I'm Indonesian and if there's a place with huge supply of talent with living cost much less than even Bali, it's Yogyakarta. Unfortunately, there is a strict rule about what kind of business you may build. It needs to have something related to creative industry, education, and culture.
hey, great video but you confused France with Germany for the designers location
maybe they already see those two countries merging
hugo bosse hm maybe because it's about tech and not clothes. BMW, Mercedes, Bosch, speidel.. the list goes on
hugo bosse
They are Americans, what did you expect? In geography terms, they know Canada is to their north, and illegal emigrants to their south. Full stop.
Ok, I see some of you got the OP from the wrong angle. It's not about if France is objectively better or worse than Germany at designing, is that the fuctards of CNBC literally have marked France in the map instead of Germany.
I guess all the budget for the report went into airtickets and hotels at Baly and Singapore.
hugo bosse and this video makes a statement that Bali is a random island in Indonesia. Duhhh, most of people know or have ever heard of Bali but I guarantee that many of them don't know what the fuck CNBC is.
San Francisco is not silicon valley and as an American If I wasn't to go to silicon valley I would go to somewhere else in the US
Well, obviously. Why would I, a native Finn, want to move to a separate country if a specific city doesn't fit my career choice?
If you want to go that route, just move to Kansas or North Dakota. Work out of your house instead of renting a desk and there you go.
Good luck hiring anyone who wants to work there.
move to Austin or Seattle. Both have no state income tax. California state tax is %13.3 and expensive as hell.
The problem with Bali, from a Tech point of view, is that (from what I'm reading) the internet speeds are quite low. So if your tech startup has any sort of data transfer... yes your runway is longer, but you murder time with the length of time it takes you to move files around. Time = money. If it takes you a few hours to send a file in Bali, vs a few minutes in another place that's slightly more expensive.. can't that time be used viably to earn more monies?
Also, your "Robotics Company' example is based out of Beijing... Beijing is WAY further ahead in tech terms than your other low-priced examples.
Show me a high tech company that's working out of Bali. Please. Everything I'm seeing online says that stable highspeed connections are impossible to find in Bali, and power blackouts can happen at random. So Bali seems like a bad idea for a high tech company.
This is a nonexistent problem. There is no job that requires the constant upload/download of large files. Most people may need to occasionally upload/download a large file, so yes, perhaps once or twice a week a 30s download may take 5m, but that's hardly something that is an issue. Also, as for the product itself, you would still run the servers in the USA, so the lack of internet speed is not a valid issue. It can be annoying from time to time for personal things like Netflix or TH-cam, but most people's day to day upload/downloading needs are small enough that it's not noticeable. For example pushing an update to github may take 5s instead of 0.5s. If you're super active you push 20 times a day, that's SUPER active. So you lose 1.5mins a day, hardly enough to offset the other savings.
Peter R provided that your startup doesn't require huge sized files to work with
Uhmm... the internet speed isn't as bad as you think. Take for example, Mailbird. It's one of the best if not the best mail client at the moment, and it's entirely developed and still maintained in Bali! The app is successful and it's a paid app!
hybby I could do it overnight
Dude Germany is labeled as France on the map 1:07. Even CNBC has to take geography class...you've got to be kidding me...
They outsouced the computer graphics to India.
You can go anywhere you want for start up but if your investors isn't there it won't get anywhere.
you should consider Lisbon, Portugal, also as cheap as bali, but in europe and its more near US
A coconut in India $0.5 .
How about Pune, Bangalore, Hyderabad. You will need the 100mbps net, cheap prices...
but do you have a paradise island there??
But you will be lynched by mob with political support for eating beef burger and the Indian roads are full of HOLY COWS and sewage.
Because nobody wants to live in India.
JavaScript Evangelist coconut is like 0.20$ Around 10 rupees
I'm a startup founder live in Surabaya just 400 km from Bali. Meal cost is cheap here, but the housing is far from cheap. Legal hurdle is still hard to face here. Startup association also doesn't support that much. Bank and accelerator are too selective on their funding. We need more accelerators like Y Combinator here. Yes we have some unicorns i.e. Gojek, Grab, Tokopedia, or Ruang Guru. But, the startup ecosystem need to get more attention for the best performance.
Digital nomads choose bali because they need to comfort their self, enjoy and refreshing environmental., so they don’t get stressed while do their jobs.., bali offer nature and culture interest and also bali is cheaper compare to western country and internet access is good..,
So it’s not just about the coconut., you can’t forcing someone to stay in some place for a long time but that they don’t feel comfort even if those place cheaper or more develop, hard to forcing someone to out from their comfort zone
The cost would be much lesser at Banglore, India and there is a thriving number of tech startups surrounding it, giving it a tech startup culture.
For cost comparison, you can get Tea/coffee at 0.15 US Dollars while it is 1.5USD at Bali (10X?) or $5 at San Fransisco(32X) as shown in the video.
There is also good low-cost internet infrastructure even offering 1Gbps plans. Also, it has started to become a good market.
It's not just cost of living. Of course there are places that are cheaper. It's also about quality of life. Bali was used as an example as it's quite a sought after destination for people. India not so much. As someone who has visited both places, I can tell you that India is not the sort of place that most people from SF might want to spend two years. The weather, the pollution, the poverty, the cleanliness, the food, the noise, local labor quality, etc. (I could go on) are all valid reasons to choice somewhere in SEA or East Asia over India. As my friend who lived in India for a year used to say: "Happiness in India is a dry fart". That's not to say that India has nothing to offer, quite the opposite. It's really quite a wonderful place to visit, but visiting and living are totally, totally, totally different things.
india is probably the worst place to live. it's a nightmare
+Peter R You can't say that the weather, pollution, poverty, cleanliness, noise, etc is bad or even the same throughout the country. Food is subjective. Lots of people in the west love Indian food and that's why Indian restaurants do so well in the US (even mediocre ones that Indians avoid). If there were no quality programmers in India, major companies like MS, Google, Amazon, etc wouldn't be having dev centers in India (true dev centers, not production support, which thousands of companies rely on Indians for anyway).
nepali hercules depends on the place where you live.Cant generalise a whole country.
probably right, but the major cities are so packed full of people. it's disgusting.
Ehr, yeah. Except that in Bali, if you want to work for 2 years, you'd better take a very good look at the immigration laws
I'm not saying it's not possible, but it might be hazardous.
EDIT: The more I think about it, the more I think that CNBC are either naive or haven't done their research. Incorporating a foreign company in Indonesia costs north of a million dollars, the papers needed to work there legally take 6 month to a year to be issued, and it's strictly prohibited to work there without being employed by a company that has incorporated by the book.
It's usually tolerated to go there for a studious holiday, or to take a couple of weeks to meet co-workers for a work retreat , you can even find decent co-working spaces. But advising to make Bali your base of operation is beyond me -unless you're 100% remote or a small and very low profile team.
Yes there are outliers who do perfectly well there, and I wish them success and riches (why not?), but do stay informed and do prepare yourself before moving there.
and you think US immigration is easy
Google "KITAS", and see what happens. Sit down though, might take a while to digest :)
Part of running a startup outside your home nation is something called a "visa run". Anyone who has done this knows the word all too well. Most countries in SEA will allow about 30-90 stay, after which you have to leave the country and re-enter. Thankfully the visa instantly resets you can you immediately return. Also, Bali is not the only choice, in fact it's not even the most popular choice. Many people do the same thing in Thailand, Vietnam, Malaysia, etc. It's certainly doable, and "hazardous" is not a word I would use to describe it.
you just do visa runs every 2 months... its kinda nice, just catch a flight to KL and back every two months... Costs about $100 return, you also need to extend your visa after a month... Theres no limit on back to back tourist visas
Hope it works for you :)
I am pretty sure it would be completely free in war zones. Now the runway is forever long.
Why not educate American Kids by make college affordable!!! Instead always depending on India or China ?
TheRasta25
Totally agree.
Because theres no way to raise the average IQ of Americans. It’s only the top 10% of any population that has the aptitude to be engineers.
So to meet the demands of these high skill jobs, they need to take the top 10% of China or India which have populations of about 1.3billion each.
Sorry the truth isn’t politically correct.
Taka Masuda
Sadly, You are right.
However, that can chance IF the government of the USA stops being so ultra conservative and ultra religious and shift towards a more progressive altitude to encouraging science and technologies.
Until then, no chance
More people are enrolling in college than in the past, and the government makes it easy by providing them loans.
doody boy you agreed with me then followed it with a statement that’s the opposite of what I said lol.
The government can’t raise the average IQ of the American people. You can’t throw money at this problem. IQ is IQ. Yes both nature and nurture determine someone’s success, but even if we max our nurture, we’ve already maxed out nature.
I was a math tutor in HS so I know first hand.
come to Poland
coworking desk is 125 usd/m,
300 Mbit lan is 15 usd/m,
LTE in all major cities,
office space in new buildings is 10-25 usd/sqm
taxes are:
23% vat
15-20% cit
19% pit
but if you sell worldwide you can setup your company in uk, ireland etc.
most young people know English
we have a ton of great devs
weather is nothing like Bali or SV but much better that say UK :)
oh. and most devs earn 7-25usd/h
I have a plan for building a software company in Malaysia after completing my post graduation there. This video has inspired me to achieve my goal. Let's see what happens in the coming days.
Come in India in Gujarat or Hyderabad, you feel like millionaire with that money. You can do all things in fraction of cost.
Let's forget about the H1-B visa, which is mainly used to find cheaper engineers domestically, thereby trapping foreigners into a job that will never give them a raise. Instead, let's create a new visa for foreign founders, and encourage talent educated here to stay!
Kiki FYI 😂😂🤣😂
But you don´t produce that many people who are needed in startups.
lol import more people so locals wont have jobs, right? encourage foreigners to stay while encourage locals to move out. why not investigate why the foreigners are doing better and apply that to the current system so the locals will be competitive. keep dumbing down your education system since foreigners are better. good plan!
Kiki Schirr "forcing" them into a "low-paying" job....riiiiiiight...Who is owning the homes in Silicon Valley? The Chinese population is skyrocketting. Most of those Chinese entrepreneurs are a bunch of spoiled rich fuerdai, who get coaching on how to be acceptable to the world instead of flaunting their wealth. Entrepreneur founders are mostly a designed lifestyle to keep rich kids having respect. Like deicide said: the locals need to have more opportunity to be competitive, instead of tech companies in-sourcing those outsourced jobs. Many wealthy Chinese are responsible for the housing bubble in the area: they are front-loading their life savings to pay for their spoiled kids' home: so they can illegally live in it when they retire (no wonder everyone in this area loves sanctuary cities....!!). Is this fair to the locals? Are the locals breaking the law and being spoiled, then complaining about Trump and Americans who have it "good?" What about the rural and middle-America people who want to work in Silicon Valley? The Bay Area respects immigrants more than it does Americans. Other countries need to create their own versions of Silicon Valley, as it is most Americans' dream to stay in their country instead of having to move to China to have a good life.
The Chinese kids getting educated in the US and going back to China to start their business is no accident...They are basically stealing America's ideas and then out-competing us where the labor laws are less strict. The government even pays spies to get educated in the US and are forced to work for the government of China and improve China, or else their family in China will have all their properties confiscated, etc (go communism!). You all should watch China vs. USA: Empires at War. Most people are too naive to want to know what is really going on.
By the way: global nomads and global citizens is basically a relationship of friends with no benefits...We all know how those turn out. Notice how all the third-world countries are upgrading to first-world countries, but not the other way around? The global standard of living is being equalized, which is hurting local Americans more than anyone else.
Dur3000Z C'mon mate, you must be joking. No Chinese international student is forced o return after the completion of their degrees these days, not after 1986 at least - even if they were funded by the government at the first place. My dad was funded by the government to study telecom engineering at UCB. After receiving his PhD, he worked in Huston for a couple of years before moving back to Shanghai to reunite with the rest of the family, and now we are living in Sydney.
Just like many Chinese people think America is not a safe country, Americans still see China as an 'evil communist regime', which is completely inaccurate. The best way to learn a country is not through your biased media, propaganda, or some shitty posts on reddit. You need to experience the things yourself before making your own conclusions.
Seattle is one of the better places in America for Startups. And Amazon, Microsoft headquarters are there too. Plus Washington is a tax free state. Lot of Startup events.
A lot of people forget that Silicon Valley is not the only technology center in the US. Austin, Raleigh, Virginia......so many more.
bali has a slow internet?? ever you heard about fiber optic network infrastructure spread almost all location in bali?? especially in denpasar
Vihari N ahaha thats true btw, i even havent mind that xD
Its so slow. The only good place I found with fast internet was the starbucks in Ubud.
The liberal NIMBY attitude is killing San Francisco. You cannot do anything in San Francisco without someone trying to get you to pay up to “help the community”
Using stock videos shows the level of research and analysis on your part
I left because I was doing 99% of the work and not receiving proper compensation. I can manage myself. I don't need assistance.
I have never paid for a 5 dollar cup of coffee in SF or anywhere else because I brew it myself. I buy a container for 6 dollars and it last for over a month.
You don't need a PhD to figure out that you should stay in the Bay Area. Wake UP start ups. And by the way keep it here in the USA.
come to Bangalore or other places in India, You will get talented skilled developers and very easy to live
Abhishek Tripathi but it's stinky
Bombardier a l'eau+ Yeah some places are ,I will not deny that but slowly we are cleaning our country. It will take 1 or 2 years more .
The rent is too damn high!
California really needs high-speed rail as soon as possible to correct the regional jobs-housing imbalances and to enhance the agglomeration economies.
I saw the thumbnail and title and literally screamed, “Gee I wonder fucking why!!!”
What ideas haven't been exhausted ?! There's food delivery , retail stuff delivery 📦, people moving, car 🚗 rental, grocery store delivery, online dating, online teaching, online housing, online shopping, online banking ! Where is the need to go to Vietnam 🇻🇳 to brainstorm?!
Confusing France with Germany is the most American thing ever
If you already have a committed team of great people and they all agree to move to Bali then good. However finding a team of like-minded, hugely talented, educated, committed, entrepreneurial staff in Bali would be near impossible. imo.
I hate to say this but it is time to slow Silicon Valley until they correct the issues that exists when it comes to housing, homelessness and out of control costs. The greed and lack of planning in the area is making it almost unbearable to live in the area.
You can't build elsewhere a profitable Start Up than in the USA. It has a lot to do with with bureaucracy, venture capitalists and the capitalist system that the new founders benefit from.
Maybe Silicone Valley today went to expensive, but I do believe that there will be another location for Start Ups in the USA. Maybe it could become Detroit in 10-15 years.
This video fails to consider that staying in Silicon Valley is important for finding great developers. Great developers are easily more than 20x more valuable than okay developers.
Even if funds might last you 4x longer in Bali - it is a bad idea because:
1. There are more distractions/things to do in Bali other than work
2. After 2 years, the market will have changed - and you might already have missed the timing
3. You will care less about making money/stay too comfortable.
4. The investors will have to wait longer to see if they get a return on their investment.
5. Internet sucks
6. Working across different time zones can be a mess. Simple tasks can take a long time to complete.
I survived 12 yrs in the Bay Area. It's the network, disruptive economy and anti government hands off that makes silicon valley. You can't replicate the networking aspect of silicon valley, you can go cheaper though.
I've been contracted by silicon valley startups since I was in high school back in 2009. I though it was normal. I lived in a crappy state with few to no tech jobs and so the only way was to work for a California company remotely.
500k a 6month runway pfft - not even close. Hell, your burn rate between staff and location alone will blast that to ... 2 months? Tops? Depending on upfront costs on leases in the Valley - that's a chunk. Staff are averaging nearly a quarter mill ea. thanks to insane COL, so 12 staff members means half your costs are gone in 30 days. And that's even before you equip the office and start your infrastructure expenditures. And as usual - you've totally skipped over Sand Hill Road VC requirements on location.
Here is one of the issues that I see with this. Sure you might have a 6 month deadline compared to a 2 year deadline but even than would you want to release the product later than you can anyways? If the extra time isn't worth a lot to you because you need something released relatively quickly, wouldn't you rather chose the area with the best engineers? There are also other issues with moving somewhere else. That place might not have nearly as fast internet as Silicon Valley nor would it be practical to stay up until 3 in the morning simply to talk to someone that lives across the world. Silicon Valley of course isn't the only place where you can start a startup company but it is still a very practical place. There is a reason as to why Silicon Valley became known as Silicon Valley.
the money you save to do that will help you to improve your security in the case you got hacked so no money has been saved
Did anyone notice when he said designer in Germany it was pointing to France?
Tech Culture has blemished San Francisco by labeling it Silicon Valley. None of SF's character and history that made it what is is has nothing to do with Silicon Valley.
Surrounding yourself with big people makes you big... so thats why you should choose Silicon Valley
The digital democracy...
The digital empowerment.
The digital economy
Because the silicon valley is the worst possible place to have a start up. Youll end up spending most of your profits on housing for yourself and your startup. Not to mention the insane taxes in california.
Yea, you seem to leave out that SV has top tier engineers. In those cheaper place you'd end-up with B/C grade engineers that will take longer and put out a lower quality of work.
Hey, my suggestion for a topic will be: What Jobs will be leaving us in 2030? Kinda feature trends and facts to back the lost or shift in jobs .
Why can't one just build stuff in their garage as Henry Ford, Walt Disney, Steve Jobs and Steve Wozniak did? Do you really need to fly to Bali or rent desk for $500/month in SF in order to sell stuff people need?
Wow. I've lived in silicon valley for decades (now retired) and all of a sudden San Francisco is there? I know the San Andreas is a major fault but from my experience working in high tech here San Francisco was never part of the Valley. Not physically and not culturally. Will wonders never cease.
It is unfortunate there is not that many stories in the tech revolution happening in Africa
Where's science, there's (tech) revolution. It took many decades of scientific and engineering research (+ heavy investment by government) to achieve present-day level of technology. It will take years of hard work and firm continuous investment to catch up for those societies that fell behind. Africa, Middle East and Mediterranean once held leadership in science and development, but somewhat fell behind for some reason over the centuries.
the problem is "less money vs no money". But, if it is "more money vs less money", I can help setup in great locations in India, not just metro cities 😊, nature , net and techies
it is much cheaper in Ukraine. strong middle developer 2500-3000 usd. lunch 5 usd, but IT investments=0,00...
They confuse starting a business with freelancing/digital nomad. If you start a serious tech company like the next Google, can you seriously build it in Bali and remotely so? CNBC you got to do better research than this on where can one actually find the best talent to work with while maintaining the costs outside USA. The immigrant hiring being the only problem you highlight correctly.
If everything can be done with a laptop why rent an office? Just use a virtual office when your company still poor.
Thank you for promoting Indonesia's tourism!!~
That's all good until the entrepreneurs in the countries these start ups move to realize that tech money is moving in, that $500 a month rent will turn into $2,000 a month
Why all technology have to be in California? Why not move to the other 49 states and you have plenty of opportunities to create a business in the area? Here in Ohio several tech companies are growing especially a solar panel manufacturing company.
Many small cities literally give you free office space, usually in a growing area that gives some serious physical asset to your business. You can run x4 companies for the cost of Silicone Valley.
For simple things, it is the future, but for the cutting edge stuff, Silicone it must.
For example, consultants and it have a large growth in the future, the basic ones coming up with marketing plans/Accounting for regional businesses.
Also credit unions are way stronger than national banks, we will see the decentralization of capital and these guys fund the real economy, not some bank diversity bs loan, these guys are dead good at investing locally.
The whole thing is, it all leads to growth in world capitals of service (Silicone Valley, Wall St, K Street, Detroit/Auto engineering, La Hollywood and a few others) due to increased economic production, a natural shift from Manu to serv and world economic growth.
I ran a marketing consulting firm at 23, I was making $18 an hour usually. I had no expenses basically, no office. The waste is pitiful man many ways with companies getting space.
It's an amazing boom to have free office space in many Southern cities now for small tech companies. My city Augusta is now the Cyber Capital of the World if we get all they are planning on building. Not to mention the Masters and the worlds Only nuke plant being built on earth.
U can have Desk space in Ahmedabad India with all Facilities at even less than 100$....👍👍😀
Detroit is still very economical!
Would rather be in Detroit to run a business than in Bali.
With Zoom you can have a team working remotely now. Have you seen Huawei in Shenzhen. It’s a wicked and fun place to work. Silicon Valley is boring and like a prison. Nothing there to eat.
You're not going to get the Google bus to pick you up at your front door in Bali
Cool! Thanks for the video!
200usd per month for a coworkingspace lol. What a ripoff. Thats more than the avg national monthly income
Can build startup anywhere literally use a free Starbucks or capital one cafe free no rent free internet outsource everything
So expensive
And I thought Florida is definitely a better place
No income tax
Good weather
All year not cold
And way way cheap
Bali is cozy place for work and hangout.
Life has taught me to always ask. What's the catch? If it sounds too good to be true. It probably is. There are probably drawbacks like infrastructure. Or lack of individual freedoms. Or corruption.
I'd be very interested to see a peek into Singapore's tech culture since they're a tech hub in Asia!
:)
So CNBC didn't do its homework. The new Silicon Valley is not in Asia is in Mexico. In Jalisco.
Good internet is expensive in SE Asia, i live here i can proove it to everybody 😂
*We have learned the hard way (over the last 30 years) that this zero-supervision "global" model is more likely to result in failure than success with startups. Once small companies are established, this model works if implemented carefully, but during the startup phase, going to the midwest is a far better choice.*
*As for the argument that "tech is dependent on immigration to get the best talent" - this is utter bullshit. Silicon Valley uses immigration to lower costs of talent, at the expense of the country of origin (the USA), and the entire HB system should be dismantled.*
Singapore sounds more reasonable. Indonesia's internet not as good as Singapore,but the rent are cheaper.
for 100mbps (as they offer) it cost about 160 bucks a month
wow Chinese scientists went to school overseas and now have the headquarters of their business in Beijing, that is nuts :P
The video starts by talking about doing startup in Bali etc because it's cheaper and perhaps has a better quality of life -- great! But when it came to an example it used a startup that decided to HQ in Beijing...which is even more expensive than SV. So what exactly is the point of this video?
Also those people chose Beijing because they wanted to return home -- so now I'm even more confused about what the argument this video is trying to make for startups leaving SV.
how come no one has mentioned about the startups opening in Hong kong? or the tech boom in the greater bay area in Hong Kong-Zhuhai-Shenzhen-Macau-Guangzhou?
wont it be more convenient to work form ur home in usa? with laptop rather then bali.
That's the whole point of being a digital nomad: to escape from harsh winters and McDonald's-Wendy's-Cosco culture --- though for non-Americans, it might be the reverse.
There are other states in the US with half the cost of Cali to go to as well.
Working remotely sounds plausible, but in reality it sucks even with today's technology. Engineers communicate much better in person.
Dozens of startups are moving to Toronto. All these biggies are here, Google, Microsoft, Yahoo, Facebook, Alphabet and Apple Autonomous car development among others. Free medical after 90 days, all the U.S. TV channels are on basic cable, all the major sports teams, NHL, NBA and just 90 minute drive for the NFL in Buffalo, NY. The world's biggest and best film festival, TIFF, lots of great vacation spots 2 hours north of the city, hundreds of movies and TV series made in Toronto. See the summer TV series starting on July 12 on ABC, made in Toronto, home of Drake, Russell Peters and Beibs when he's in Canada, among others. Great airline connections via direct non-stop routes etc...Yada
I really don't buy the whole nomad thing, altho yes San Francisco is over hyped.
There's nothing for you to "buy". Some people do it, it works for them. Other people don't do it, and that works for them too. It's not a requirement, just an option that can really benefit certain people/startups. If it's not for you, that's fine, but the concept itself is not flawed.
Let's see, anywhere outside CA? Lower taxes and no atni-business regulations.
Yeah it's cheaper to go to cheap countries. But to be honest quality goes back. That's something that all companies see. They try to fill the gap of less qualified people with masses of people. That brings other problems too. Like people change companies for $5 dollar more money.
K Y typical yank response ! You seem to think only the USA has quality lol ! Ignorance is bliss !
Why not just have a startup in a random Middle-American city, like Tulsa or Omaha or some shit?
Why go to Singapore or Bali, Malaysia is cheaper with good infrastructure to make your business happen
If workplace is that independent then why not staying at your parents house instead moving to Asia?
Where is the designer, in Germany or in France?