BLOOMBERG - 2015
Billionaire venture capitalist Jim Breyer is heading to the Swiss Alps this year with an upbeat message.
"This is a magical time," says Breyer, founder and CEO of Breyer Capital and a partner at Accel Partners.
"Innovation is happening in centers of excellence around the world faster than ever before." His optimism
contrasts with the trouble-ahead warnings that business and government leaders will hear this week at the
annual meeting of the World Economic Forum in Davos, Switzerland. Japan and Europe are expected to grow
only about 1 percent this year, and one-time dynamos like Brazil, China, and Russia are losing speed.
The best antidote to stagnation is innovation, the creation of products and services that make life
better—whether it's air conditioning, vaccines, or text messaging. Every country wants to foster a culture
of innovation, but it's not easy to do. "I've had dozens of meetings over the years with leaders from
around the world who asked how they can build their own Silicon Valley," says Breyer. "It never works."
He has his own theory about what does work, though it's not exactly scientific: There's a magic.
There's a love for entrepreneurship and experimentation that must be there.
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