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The State of California took an unprecedented move today [June 14] by uniformly restricting water supplies across the entire state. Farms will be most affected, although food prices aren't anticipated to rise in any hurry: imports from out of state continue apace. It's notable that this is a problem Silicon Valley hasn't been helping to solve.
Will this move force some much-needed modernization upon the infrastructure supporting the state's 38 million residents? Or will things continue to be corn, corn, corn for the time being?
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California Orders its Largest Water Cuts in History
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Anyone can make an omelet with eggs. The trick is to make one with none.
(Score: 1, Insightful) by Anonymous Coward on Sunday June 14 2015, @10:43PM
Why didn't the cable industry invest more? Or Pepsi? Or Disney or the MPAA? Or Edison or the water and gas company or car companies like Ford. What about oil companies and casinos. While we're at it lets include furniture companies and hair salons. After all most of the economy is small business, why didn't they invest. Why do they get a pass and not silicon valley.
(Score: 3, Insightful) by kaszz on Sunday June 14 2015, @11:25PM
Because Silicon Valley is supposed to have brains and money. Not something you would accuse the other industries of :P
(Score: 2) by VLM on Tuesday June 16 2015, @11:35AM
Technically they have virtually all the VC funds. GE Capital Inc has more money than anyone knows what to do with, literally, but they're too bean counter to risk it, for one of many examples.
The VCs are used to investing millions into sock puppets and dog food delivery because one time in a hundred it pays off by a factor of a thousand, well, optimistically, industry wide average, etc.
IF someone, probably VC funded, invented a miracle, then someone funded by GE Capital or equivalent would step in and provide the funding for boring megacorp inc to provide the liquidity event to make the VCs rich.
Basically you're asking why the late stage funders aren't investing in early stage funding and why are we blaming SV, and the answer is due to the social bubble or web 2.0 bubble or WTF it'll end up being called, all the early stage funding, like ALL, is being soaked up into mobile web 2.0 platforms to leverage the synergy of social media based couch surfing or WTF and none is going into water.
After the bubble runs its course there will be money for water, depending on how badly the bubble pops.
(Score: 2) by kaszz on Tuesday June 16 2015, @07:11PM
When VCs get thirsty there will be money for out of the box solutions.
(Got to keep that pool and lawn shiny for the next pool party while cleaning the sports car..)