Why Mark Cuban avoids Silicon Valley: 'Tech bros’ are ‘pretentious’ and overrated (via CNBCMakeIt)
His second company, internet radio platform Broadcast.com, was also based in DallasToday, Cuban doesn't deny the success of Bay Area tech companies like Apple, Meta, Alphabet and PayPal. Rather, he considers the allure of Silicon Valley — and the attitude that comes with it — overrated.
"There's a lot of capital there, so people follow the money," Cuban said. "But the pretentiousness and the attitude and the expectations and the arrogance — like, it's just a business. You can be good anywhere in the world." Cuban's viewpoint isn't new: In a 2019 episode of the "Recode Decode" podcast, he argued that it's actually beneficial for entrepreneurs to build tech companies outside of Silicon Valley, so they don't have to compete for resources.
He isn't only billionaire who wants new tech outside of the Bay Area, either. Melinda French Gates, for example, wants to use her investment firm Pivotal Ventures specifically to help women start businesses that can thrive independently from Silicon Valley, she told"To re-create Silicon Valley or to change it would be incredibly hard," said French Gates, who has a net worth of $6.
. "But when you're starting fresh and new, if you start with a model in this perspective, then I don't think you'll replicate the old one we had in Silicon Valley."
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