Entrepreneurs in Silicon Valley are moving quicker and quicker as time goes on. Ray Kurzweil, Google’s Futurist, calls this acceleration of technology over time speeding up the Law of Accelerating Returns.
Silicon Valley, and other technology hubs that enable a more advanced society, have the ability to progress at a faster rate than other societies. 19th century entrepreneurs knew more and had better technology than 15th century business owners, so it’s no surprise that society was far more advanced in the 19th century than the 15th century. This Law of Accelerating Returns works on the small scale particularly in Silicon Valley, as self-driving cars become a reality.
Silicon Valley is the Mecca for entrepreneurs because everyone knows this is where the action is. Just as if you are an actor you move to Hollywood, if you are an entrepreneur you move to the Silicon Valley. This is true of the automotive industry. Companies like Ford are opening innovation and research centers dedicated to autonomous vehicles. It is no surprise to see self-driving cars roaming the Silicon Valley roads, as they are being tested.