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      "text": "Do you really think the people who run Apple want to live in south Dakota? I get you right wingers live in a complete fantasy of California being run down, but in fact, it’s a nice state and where Apple is located is a nice area. You have beautiful mountains and beaches all within a reasonable drive, not to mention the food options and the great weather.\nThe SF Bay Area is an incredible place, with two storied MLB teams, a storied NFL team, a storied NBA team, and an NHL team not far down the road. World class dining, world class entertainment, all kinds of fishing, boating, surfing, hiking, etc… it offers a fairly high quality of life. And the talent pool… world class talent that doesn’t want to live in South Dakota because it likes all the aforementioned things(and more, I only touched on the more popular things).\nThen there is the demographics… it turns out people exceptional at tech generally don’t want to live near freaks who think their ancient goat herder scripture should dictate the laws.\nDo people really pay more to have a higher quality of life and not live under the thumb of religious busybody control freaks? People do.",
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        "title": "Why do companies like Apple stay in California (8.8% corporate tax) instead of moving their HQ to a state with 0% tax (S. Dakota)? Couldn't they just move their HQ in a low-tax state and have R&D offices in Silicon Valley?",
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      "link": "https://www.quora.com/Given-that-Bell-Labs-invented-the-transistor-why-did-the-East-Coast-not-become-the-seat-of-technology-instead-of-Silicon-Valley/answer/SepiaGlyphs",
      "text": "The transistor was invented in New Jersey, but California captured the trillion-dollar tech boom for two unlikely reasons: an inventor's aging mother and an obscure 1872 employment law.\nWilliam Shockley, one of the transistor’s co-inventors at Bell Labs, left the East Coast in 1956 to commercialize the technology himself. He set up Shockley Semiconductor Laboratory in Mountain View, California, largely because his mother lived nearby in Palo Alto.\nShockley brought silicon manufacturing to the West Coast, but his notoriously paranoid and abrasive management style drove away his best talent. In 1957, eight of his top researchers—including Gordon Moore and Robert Noyce—quit en masse to found Fairchild Semiconductor. Shockley dubbed them the 'Traitorous Eight.'\nThis mass defection exposed the critical difference between California and the East Coast tech hubs of Route 128 and New Jersey: Section 16600 of the California Business and Professions Code. Dating back to 1872, this law banned non-compete clauses in employment contracts.\nOn the East Coast, vertically integrated giants like IBM and AT&T strictly enforced non-competes. If an engineer left an East Coast lab to start a rival company, they faced immediate, ruinous litigation. In California, engineers could quit on a Friday and legally launch a competing firm across the street on Monday.\nThe lack of non-competes catalyzed an ecosystem of rapid innovation and cross-pollination. When employees inevitably left Fairchild Semiconductor, they were free to start their own companies. Over 60 spinoffs—famously dubbed the 'Fairchildren,' including Intel and AMD—sprang out of Fairchild alone, establishing the job-hopping, high-risk startup culture that defines Silicon Valley today.\nStanford University’s Dean of Engineering, Frederick Terman, accelerated this growth by leasing campus land to these young companies in the new Stanford Industrial Park, encouraging his graduates to build businesses locally. East Coast universities historically funneled their engineering graduates straight into closed-door corporate monoliths or defense contractors, cementing their region's reliance on established giants.",
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        "title": "Given that Bell Labs invented the transistor, why did the East Coast not become the seat of technology instead of Silicon Valley?",
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      "link": "https://www.quora.com/Why-do-companies-like-Apple-stay-in-California-8-8-corporate-tax-instead-of-moving-their-HQ-to-a-state-with-0-tax-S-Dakota-Couldnt-they-just-move-their-HQ-in-a-low-tax-state-and-have-R-D-offices-in-Silicon-Valley/answer/Mats-Andersson-16",
      "text": "Having run a business, I’ll be happy to inform you that the corporate tax level is quite a bit down on the list of desirable characteristics of a business location.\nClose to the top are e.g. access to a well educated workforce, where I imagine North Dakota scores a bit lower than California.\nAlso very important is proximity to customers. Yes, even today with email and Zoom.\nGenerally good infrastructure.\nWell, the list goes on. Tax is absolutely on the list, but it’s not going to trump having a good choice of candidates for vacant positions.",
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      "link": "https://www.quora.com/What-company-has-had-a-massive-fall-from-grace/answer/Srinath-Nalluri",
      "text": "This was the coverpage of Forbes in 2007\n\nCoincidentally, that was also the year Apple introduced iPhone, popularising the smartphone revolution.\nAnd the result\nIn less than a decade, Nokia lost the one billion customers and was out of business.\nWhen Nokia was acquired by Microsoft in 2016, the CEO had tears and ended his speech saying this “We didn't do anything wrong, but somehow, we lost”\nSometimes, not doing anything and going with the flow costs you a lot. It could be your success, your future, your growth or even your life as well.",
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      "link": "https://www.quora.com/How-did-Biden-contribute-to-the-collapse-of-Silicon-Valley-Bank-Is-he-to-blame/answer/Sherry-Jones-70",
      "text": "How nuts is it to immediately believe Biden has something to do with it?",
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        "name": "Sherry Jones",
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        "title": "How did Biden contribute to the collapse of Silicon Valley Bank? Is he to blame?",
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      "link": "https://www.quora.com/Why-does-the-Bay-Area-have-so-many-companies-if-its-liberal/answer/Benjamin-Muller-6",
      "text": "Because liberal does not mean what you think it means.\nAnd get it right… we don’t just have a lot of companies, we have and even birthed world class behemoths. Apple, Alphabet(Google & Youtube), Intel, Netflix, and many more.\nAlmost like the complete bullshit right wingers say about Liberals being communist and anti-business is complete bullshit.\nCertainly republican darling Florida ain’t shit compared to us when it comes to business. They’re not even tall enough to teabag our businesses, that’s Texas’ job.",
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      "link": "https://www.quora.com/Who-is-Peter-Thiel-and-why-do-people-dislike-him/answer/Robert-Rossney",
      "text": "For one, he’s a monarchist. He has said, pretty openly, that he thinks democracy is not the way forward, and that what needs to happen is that the world be run by, well, by people like him. He’s a big supporter of Curtis Yarvin. (If you don’t know who Curtis Yarvin is and what ideas he espouses, I encourage you to investigate further. He also goes by the name “Mencius Moldbug.”)\nBefore he struck it rich with PayPal, he was a securities lawyer at Sullivan & Cromwell. (Look up the history of Sullivan & Cromwell, the Dulles brothers, and Guatemala next time you have a free afternoon.). He was a speechwriter for William Bennett, Reagan’s Secretary of Education and a key figure in the War On Certain Drugs.\nHe also founded (and is chairman of) Palantir, a company that supplies surveillance technology to governments and law enforcement agencies. It also provides big-data analytics tools to extremely large corporations and extremely wealthy financial firms. When a police department is using a facial-recognition system, they’re using Palantir.\nHe has also been supporting and grooming JD Vance for many years. Thiel’s support is the only reason Vance became a prominent national figure. Vance’s personal loyalty to Peter Thiel far exceeds any loyalty he has to the United States, and when Donald Trump dies, he’ll be President.\nSure, a lot of that is just “guy with a ton of money who’s cozied up to the right.” But his core belief system is fundamentally un-American, and that’s kind of important. He wants his class, which is the small group of technocrats who have hit the jackpot at some point in their careers, to be the ones who control the country. You and me and everyone else who works for a living? He has the utmost contempt for our wants and needs. Your future doesn’t matter to Peter Thiel, because you don’t matter.\nHe’s also gay, which wouldn’t be of the slightest interest were it not for how deeply involved he is with right-wing politics. But you can bet that none of the curtailment of gay peoples’ liberties that the American right is bent on is going to apply to people with enough money.",
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      "link": "https://www.quora.com/The-Silicon-Valley-Bank-collapsed-and-so-did-Signature-Bank-Why-has-Biden-destroyed-a-great-economy-and-stock-market-that-he-inherited-from-Trump/answer/Pamela-Bruce-6",
      "text": "Two banks have failed under Biden. Sixteen failed under Trump. The stock market is higher than it ever was under Trump. Is math really that complicated for right wingers?",
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        "title": "The Silicon Valley Bank collapsed and so did Signature Bank. Why has Biden destroyed a great economy and stock market that he inherited from Trump?",
        "link": "https://www.quora.com/The-Silicon-Valley-Bank-collapsed-and-so-did-Signature-Bank-Why-has-Biden-destroyed-a-great-economy-and-stock-market-that-he-inherited-from-Trump",
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      "text": "Are you an idiot, or do you just play one on Quora?",
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        "title": "How did Biden contribute to the collapse of Silicon Valley Bank? Is he to blame?",
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      "link": "https://www.quora.com/Is-it-possible-that-Peter-Thiel-will-profit-from-triggering-the-collapse-of-Silicon-Valley-Bank/answer/Joshua-Gross-8",
      "text": "Possible? Yes. Likely? No. If he had shorted the stock before the collapse, then he would have already made a lot of money, but…\nWe do know that Thiel’s VC firm encouraged their portfolio companies to pull their deposits. He states that he had $50 million in deposits when the bank closed and that he did not believe it would collapse. That says nothing about ownership, and a quick check could not find any evidence that Thiel held stock or had options (I didn’t bother to check their IRS filings b/c I have better things to do with my life).\n\nI dislike… more than dislike Peter Thiel, enough that I initially accepted the fact of his pretty clearly helping the run happen to imply that he might have had a stake in its demise. I later realized I was wrong and removed comments to that effect.\nAs much as I dislike Thiel, I cannot imagine him being so stupid that he would short a stock and then orchestrate a run on a major bank. That’s both illegal and a great way to make money that will be incredibly visible to forensic auditors at the SEC, etc.. Thiel has made billions by being a wise investor (and all-around not-nice guy). SVB will be scrutinized end-to-end by the FDIC and the SEC.",
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}