Today, the largest companies coming out of Silicon Valley no longer exclusively target greenfield territory. Take some of the highest valuation companies from the past year, such as Airbnb and Uber. These companies are not operating in empty space, but rather against significant entrenched non-technology businesses. This is a first for Silicon Valley, and it is the start of something fundamental – we are not just creating whole new categories, but reconfiguring non-technology ones as well.
Examination of sources of the increasing resentment towards Silicon Valley that goes beyond the most apparent reason: growing gap between the wealth of Valley’s elite and the rest of the American society.