Jun Wu on labor law
From A. Richard Newton Distinguished Innovator Lecture Series Dr. Jun Wu · · UC Berkeley Events
“Non-compete agreements are hard to enforce in Silicon Valley because the law tends to favor employees, which allows people to start new ventures more freely and contributes to the region's success.”
On , Jun Wu, Head of Health-Care Coverage - Asia at JEFFERIES FINANCIAL GRP INC, spoke about labor law during A. Richard Newton Distinguished Innovator Lecture Series Dr. Jun Wu on UC Berkeley Events.
About Jun Wu
In a 2015 lecture at the A. Richard Newton Distinguished Innovator Lecture Series, Jun Wu, then a partner at Zpark Ventures and former scientist at Google, discussed factors behind Silicon Valley's success. Wu stated that the average lifetime of 400 to 500 companies is only 39 years, suggesting that even large firms may eventually lose relevance. He described early Google management practices, including weekly reviews of engineers' work by a small group that included founders, and said that employees worked 15 to 18 hours a day because they had "no hope if the company died." Wu attributed Silicon Valley's innovation to a "tolerance for betrayal," noting that employees leaving to start competing ventures is accepted and that non-compete agreements are hard to enforce. He also cited internationalization as a key factor, saying companies in the region reflect the world, unlike more local firms elsewhere. Wu contrasted Google's global product design with Tencent's China-focused approach, and predicted that the next generation of Chinese companies may become global. He advised that to be an entrepreneur in Silicon Valley, one must be "excellent and be in the top three in your area" due to high costs.