Silicon Valley was not built in a day. Nor was London’s tech scene. And while a single government is not solely responsible for its growth, it can certainly benefit or hinder it.
The tech world moves slower than it is portrayed. Venture capitalists (VCs) often tell their investors (LPs) that the returns take between five and seven years. In private, they all know it’s closer to 15. But the best VCs and LPs (and governments) invest for the long term and reap huge rewards in doing so.
