We don't need startups, we need Digital-Mittelstand

Label it a cargo cult or something else, but countless nations strive to replicate the magic of Silicon Valley. The typical approach involves politicians designating a city and branding it as the “Silicon Valley of [Country Name].” They establish technology parks, offer financial incentives, and hope for the emergence of trillion-dollar enterprises. Yet, no country has succeeded in creating its own Silicon Valley. Why? Either these leaders fail to grasp the nuances of what made Silicon Valley what it is, or they lack a deep understanding of their own nation’s cultural fabric. From my perspective, after a decade of closely observing the tech industry and studying the success stories from the Valley, I can confidently state that Silicon Valley cannot be cloned elsewhere. The reason is simple: Silicon Valley isn’t merely a hub of companies, tax breaks, and venture capital—it’s a unique ecosystem driven by culture. It’s a magnet for individuals from diverse backgrounds united by one share ... Read full article.