2 min read · Jul 16th · Silicon Valley may be the world’s prominent tech hub. These global cities show why its grip on superiority is gradually slipping away.
Around the world, tech hubs, modeled after Silicon Valley, are emerging. Talent in California is exorbitantly expensive, venture capitalists on Sand Hill Road are increasingly willing to look beyond an 80-kilometer circle for investments, and visa regulations are forcing companies to rethink their operations.
What they all do carry is a measure of the Silicon Valley myth: The idea that, if you want to make it in tech, you need to be there.
Lagos is home to Jumia, the continent’s largest e-commerce company. But the city’s most prominent startups are in fintech