A VC who’s lived in Silicon Valley her whole life says the things that used to set it apart from Los Angeles and New York are changing fast
Silicon Valley has undergone many changes since it first became the hub of the tech world decades ago.
Minal Hasan, the co-founder of a Silicon Valley venture capital firm, has lived in the region her whole life.
The biggest change she’s seen is that Silicon Valley residents today are more materialistic and more likely to show off their wealth than in the old days.
Silicon Valley has been the center of the computing world for decades.
But the region is a lot different today than it was 20 or 30 years ago, says one native who’s witnessed the changes firsthand.
Minal Hasan is the 35-year-old cofounder of the venture capital firm K2 Global. Her parents emigrated from India to Cupertino, California, where Hasan was born and raised. Her mother founded a semiconductor company and her father was an angel investor.
“I really kind of grew up in the startup space, where I was a baby crawling around under the board table at board meetings,” Hasan told Business Insider.
Hasan’s resume includes stints as a lawyer for notable Silicon Valley startups including Twitter, Square, and Uber. She even spent a year as a columnist for her local paper, the San Jose Mercury News.
For Hasan, the biggest change she’s noticed in her years in Silicon Valley is that people are much more public about their spending than they were in the old days.
“There’s definitely a lot more wealth on display than there was in the past,” she told Business Insider. “I feel like Silicon Valley is becoming more culturally like New York or Los Angeles, not that that’s a bad thing, just in terms of the displays of wealth.”
Although Silicon Valley had its fair share of ultra-rich residents in the ’80s and ’90s, when Hasan was growing up, she said it was harder to tell who …read more
Source:: Business Insider