Rep. Marsha Blackburn (R-TN), a longtime advocate of Internet freedom, said she’s undaunted by the Federal Communications Commission’s decision to adopt net neutrality rules. Instead, she thinks the FCC’s action will be a catalyst for renewed commitment on the issue in the 112th Congress.
“What we will do is first use this as a way to show how we’re going to keep that Pledge to America,” she said yesterday at The Heritage Foundation. “We said in the Pledge that any rule or regulation that had more than $100 million impact on our nation’s economy would be subject to review. … This is an area where we can keep that Pledge. We can go ahead and start congressional review and move forward on getting this off the books.”
Blackburn was speaking at The Bloggers Briefing as the FCC debated the net neutrality rules. When the 112th Congress convenes on Jan. 5, Blackburn said she will reintroduce her bill to block the FCC from implementing the regulations and force the issue back to Congress.
“We’ve had bipartisan agreement on this, that the FCC should not take this action, that we, as members of Congress, should be the ones that are there to take that action or any action that should be done,” she said.
Of course, in this case, that “action” might be no action at all. After all, discontent with Internet service providers has not exactly been widespread. On the contrary, Blackburn said: Most people have been pleased with the access they’ve received from providers like AT&T, Verizon and Comcast.
“Our action is to make sure that the Internet remains unencumbered and does not have the FCC with a chokehold on it,” she said. “We are moving from an industrial, manufacturing, technology-based economy to a creative economy … and the creative economy depends on an unencumbered Internet.”
FCC intrusion would mean just the opposite — an Internet of interference and obstacles.
“What the FCC would do today is to implement the Fairness Doctrine for the Internet and force people to come to them,” Blackburn said. “They would have the determination of what could be innovated. They would have the determination of what should be the priority and value assigned to all the content that is traveling. So, we’re watching it very closely. We’re going to continue to do so as they go through the rule-making process and, then, come Jan. 5, you’re going to see us vigorously opposing this.”
That vigorous opposition will include a lack of funding if necessary, Blackburn said.
“That goes without saying,” she said. “We’re going to have numerous amendments to defund plenty of things in the House to keep money from going where they would like for money to be going, whether it is health care, whether it is the FCC, whether it is the EPA implementing cap-and-trade under the Clean Air Act. You’re going to see a series of amendments that would defund those activities that we view as being harmful to free enterprise and the American people.”
There are probably 10 events equivalent or larger than Le Web throughout the year, as well as smaller events every day. We regularly ran into Robert Scoble and other major blogs, and they were very keen on listening to us. Local event organizers were even eager to help make a Finnish Angry Birds event happen and to introduce us to hundreds of people!
Readjustment of Expectations
These elements fit with each other and form the ground for growth business to happen. The old continent often looks up to the Valley as a sort of Eldorado of IT. Countries such as the UK, Russia and Finland are trying to replicate its ecosystem, to stimulate their local industries. Silicon Valley is a hub. Its value lies in two generations of people with unique know-how that are given all the tools necessary to create growth. No amount of EU or taxpayer money is going to recreate this perfect storm.
Not Businessmen, Entrepreneurs
We Europeans think of entrepreneurs as businessmen. This might be valid for lifestyle, predictable businesses, but the job of a startup entrepreneur is different: to test assumptions, to learn, and to create something new.
A trader on Wall St. can make money circulate without ever creating anything of value. In contrast with a startup such as Kiva, the drive to fix real problems, make and impact and give to the community makes traditional business feel vain, and startups all the more inspiring.
Down to Earth
Hearing and meeting thought leaders such as Eric Schmidt, Paul Buchheit or Steve Blank gave me a lot of food for thought. I have yet to see a Nokia executive at a startup event; these people on the other hand were approachable, down to earth, and relaxed. The pursuit of quality people makes this a meritocracy. Quite the contrast with our local successes who tend to behave like suits. Talent takes precedence over nationality or title, which would explain why Loic Le Meur and Om Malik are so well integrated, and Carol Bartz isn’t.
Cultural Edge
We received better customer service from Taco Bell and the police department than from Stockmann, the top tier department store in Finland! One time, a bus driver was more comfortable at speaking than most startups I’ve heard pitching. It seems they are more comfortable with small talk with the customer.
This tendency to be more outspoken could also be seen in networking and pitching, where there was much less awkwardness than with Europeans. Though it rarely feels genuine, it certainly is more effective.
Bigger is Better
More events, money and startups, means more competition, making it all the more necessary to stand out by hiring outstanding people, being more ambitious, more risk-taking. Unsurprisingly, this seems to weed out the less passionate people, while encouraging others to put in sweat equity in their own ideas.
This is something I feel we Europeans aren’t very good at. It’s compelling to start in your home country rather than aiming big, because it feels safer. The last thing you want when you launch is to tailor to several languages, cultural differences, distribution channels and small blogs and other media. You can easily get complacent when you succeed in your own country, but if we mitigate risk, we place the odds against us from the start.
Access to Finance
The most striking difference was to see a fully fleshed out capital market, where hobbyist and professional angels, superangels, top tier VCs and smaller firms compete for the more attractive deals. This makes for a more fluid deal flow, with more standardized and competitive terms, with more contacts and experience on top.
It wouldn’t surprise me if there were more angels and VCs in the region than on the entire European continent. In 2009, business angels invested 160 times more than their counterparts in continental Europe. It is also unclear whether we have any superangels (e.g. we don’t). Like our startups, our VCs tend to aim locally or regionally. Many of them aren’t reviewed on TheFunded, so there is little track record to refer to. With major exits being few and far between, the amounts of money reinvested as well at the experience offered is less.
Still Insular
At times, the Valley feels like a bubble, its inhabitants sheltered from the real world. Foreign markets seem to be an afterthought, space for local startups and copycats. It is unclear whether foreign companies can realistically raise money from where they're at: though Accel invested in the Lithuanian company GetJar, and more recently Esther Dyson invested in Finnish Valkee, I was also told that some VCs would only invest in startups within a short drive.
U.S. legislation is not on the foreign entrepreneur’s side. For some odd reason, it is easier to get a visa by being hired, than by establishing a U.S. company and creating jobs. Hopefully, the Startup Visa can correct this in the near future. This process should be streamlined, as I believe many European startups have a lot to offer.
3 Choices
Silicon Valley is an unfair advantage for startups. Its ecosystem serves as an accelerator for world-class growth business. In comparison with Europe, lesser teams with lesser technology have access to more resources and will get further, faster. Ambitious European entrepreneurs face three choices: should we aim smaller and within our comfort zone, take greater risks in the Valley, or try the hard way in the old continent?
Photo by luigig
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