TiEcon 2008, Day 2, Saturday, May 17, 2008

This blog post is about some of my thoughts on the 2nd day of TiEcon 2008. This is not intended to be complete by any means: there are other blog sites that may provide a complete version.
Mike Malone, who handled a fire side chat with Elon Musk today, characterized him as really Entrepreneur Extraordinaire. The discussion on Wikipedia itself is an ample illustration of that. Elon's versatility is quite self-evident. An individual who built several successful information technology companies has now gone on to build several more in other fields: SpaceX, Tesla Motors and SolarCity.

The presentation by Chamath of Facebook was another excellent one. The slides were not at all busy, but still made the points very eloquently. For networking professionals focused on actual plumbing, it is very thought-provoking because he introduced a "social stack", after discussing the OSI stack and the LAMP stack. It looks like Facebook is really a good platform for consumer-oriented social networking applications. Its applicability in the business world, however, is not all that obvious [to me].

Probably the most moving of all presentations was one by John Wood. After leaving Microsoft, he founded Room to Read, a non-profit organization focused on promoting education of under-privileged children in the world. To date, it has produced awesome quantitative results. With a few more John Woods, the world will be a much better place to live. The presentation brought tears to my eyes.

China, India and U.S. Immigration Policy

Globalization has been occurring briskly while the U.S. debates on immigration reforms. It seems to me that the U.S. lawmakers have not quite comprehended the magnitude and speed of the change that has occurred so far, and will continue to occur for the foreseeable future. There is a definite need within the U.S. to create an immigration policy that encourages talented minds to migrate to the United States; otherwise, America's competitiveness is going to be compromised. The future will be more and more influenced by the knowledge economy, and countries are going to need educated and talented minds to keep the economy vibrant and growing.

These thoughts are on my first visit to China; a travelogue can be found elsewhere. The hard work that I see occurring everywhere in China and the comparable benefits that are available to anyone that can afford it are signs that China can compete very effectively with U.S. and other multinational businesses worldwide. If English language is a handicap at all now for China, it is just a matter of time before the language arbitrage is reduced to nothing.

The good news is that all of this globalization is a way to unify humanity. After all, country demarcations are nothing but man-made devices to manage the population in some orderly manner.