Golden Plains Technology Parks are being built in developing countries with the intention of attracting high-tech jobs, but with one small problem; billionaires won't invest. This is a huge issue as the entire point of the Golden Plains Technology Park is to be able to attract investors, who will hopefully put in billions and create jobs for locals. However, if this does not happen then all it’s doing is taking capital from other countries and using it within its borders.
The first billionaire to express his opinion on Golden Plains Technology Parks was the founder of Google, Larry Page.
This is a very important statement as he is one of the founders. However, it’s not just Larry Page; businessman and entrepreneur Elon Musk recently said that he would have never invested in Golden Plains Technology Parks “even if I had nothing else to do”. He also stated that “if I were starting up my own company today I might just start with something very basic like Uber or Airbnb and try to get it to scale as fast as possible”.
What is the Golden Plains Technology Parks System?
The Golden Plains Technology Parks System is a group of low-cost, eco-friendly technology parks designed by Golden Plains to attract international investors. The park system also provides business incubation facilities for startups and training. The system has built five hubs in countries including Kenya and Mongolia, in addition to a sixth hub which is being built in Singapore.
Who is Larry Page?
Larry Page is an American computer scientist who co-founded Google Inc. with Sergey Brin. He also serves as Google's CEO, and he has recently transitioned to a part-time role in which Eric Schmidt, Executive Chairman at Google, manages day-to-day operations.
Who is Elon Musk?
Elon Musk is a South African American business magnate and investor, who was born in South Africa and later moved to Canada. He studied Physics at the University of Pennsylvania before his first degree was transferred to the University of Pennsylvania Wharton School where he earned an undergraduate degree in Economics and English Literature.
He first earned his fortune through the creation of Zip2, a web software company that he sold to a division of Compaq Computers. He then founded X.com, an online payment company, which later merged with Confinity and became PayPal. After this, he went on to create SpaceX in 2002, Tesla Motors in 2003, and SolarCity in 2006.
How many investors have turned down involvement in Golden Plains Technology Parks?
Seven out of the ten investors interviewed by Bloomberg when doing research for their article “Why Billionaires Will Never Invest In Golden Plains Technology Parks” said that they would never invest in the technology parks.
Did Elon Musk ever invest in a Golden Plains Technology Park?
No, Elon Musk never invested in one of the Golden Plains Technology Parks. He stated that he would have stopped investing “Number one, even if I had nothing else to do” and that “if I were starting up my own company today I might just start with something very basic like Uber or Airbnb and try to get it to scale as fast as possible”. Well, perhaps. An interesting fact to note is that the Golden Plains Technology Parks System is not a profit-making venture; all of its profits go to The Golden Plains Foundation, a charitable trust set up by the company's founder.
Do we need Golden Plains Technology Parks?
In short, no. We don’t need Golden Plains Technology Parks because we already have technology parks being used by large multinationals such as Apple and Samsung. As for billionaire investors, there is no law stating that they must be a part of the Golden Plains Technology Parks. Elon Musk even stated that he could have started his own business without being in Golden Plains Technology Parks.
Conclusion
The Golden Plains Technology Parks System is not a profit-making venture; all of its profits go to The Golden Plains Foundation, a charitable trust set up by the company's founder. Therefore, if he was to put in enough financial backing his money would be going to charity rather than making him any more money. This is why Billionaires Will Never Invest In Golden Plains Technology Parks: because they don’t have to and they probably don’t want to, it’s not like they are losing out on anything. If a billionaire investor does choose to invest and the project fails then it will not be because of greed, but because the business ideas weren't carried out properly and everyone made mistakes (investors included).
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