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PDF Editor FAQ

Is there any other place with enough intellectual and financial capital that would have been able to create Facebook as it is today? What would have been the second option (NYC, Boston, Austin, Boulder, or somewhere else)?

Possibly, but extremely unlikely.What a lot of people outside of Silicon Valley don't understand is the sheer density of technical talent, drive, risk appetite, and venture capital that exists in Silicon Valley.These things do exist in many other places, but they are often an order of magnitude more diffuse than in the Valley. In the case of Facebook, this is relevant because Facebook "consumed" all of these things at a voracious rate in order to fuel its rise through at least late 2007. Just ask any startup that is attempting to fuel hyper-growth in another city like Boston or NYC (e.g. Foursquare).In addition to the rapid uptake of talented engineers (who all had to have significant appetite for risk to go work for a "college social network for kids" after the Friendster debacle discredited the entire industry - something that, in any other city in the world would have been laughable in the numbers that Facebook needed to hire at), Facebook's angel and Series A funding rounds occurred more or less in the nick of time given the company's capital requirements, and involved the direct leverage of dense social networks (Sean Parker's introduction to Peter Thiel and Reid Hoffman) or the fact that the VCs literally lived right down the street (Accel) and were willing to jump on the deal to get it done. It's not so much that these things occurred - investors exist in other places - but the sheer density of these resources are what allowed Facebook to find and immediately put them to use at the rate they needed them. Without this density, Facebook would not have grown at the rate it did and in many cases, may not have been able to surpass its rivals to become what it is today.I know it's unfashionable to be a Valley chauvinist, but there is something special about Silicon Valley, and it's the density and unique combination of technical, product, and business talent, drive, risk appetite, and venture capital. Just as certain chemical reactions cannot occur until the reagents reach a particular temperature and/or concentration, so too is it the case with certain companies and businesses.

What are your views on India's big leap of 65 positions (from 2014 to 2018) in the ease of doing business report released by the World Bank? What is being done by Modi to get that massive improvement?

It can be universally agreed that this is great news.For a long time, India has eyed FDI and FII to boost the economy but foreign investors have been wary considering the red-tape and many inefficiencies in the Indian system.However, planned improvements over the last 4–5 years have started to yield results.Not only is India one of the best improving nations (no mean feat considering its size), it is remarkable that it has improved across virtually all parameters.(See: Ease of Doing Business - Data - India)Even when the last report was released, the Indian government commented that a lot of work already done wasn’t factored into the ratings.Now it takes only 60 days following eight online procedures to get a construction permit in Delhi and Mumbai, which are taken into account for India’s ranking in the annual ease of doing business report, government officials told a team of the World Bank last week. In New Zealand, it takes 93 days and 10 procedures to get a construction permit, officials said.SourceReduction in both the amount of time taken to get a permit as well as the associated costs, plus the introduction of laws mandating constructions firms to take up decennial liability insurance, essentially making them accountable for the quality of their constructions has helped India double its score in a year.The implementation of the Goods and Services Tax (GST) has helped increase scores on both “starting a business” and “paying taxes” parameters last year.The paperwork for registering a company has also been reduced.REDUCTION IN PROCEDURES: Five procedures for Starting a Business are now integrated and can be done simultaneously in One step. Using the newly launched integrated e-Form SPICe, stakeholders now apply for Company Name, Company Incorporation, DIN of the directors, PAN and TAN for the newly incorporated company, and avail all FIVE services simultaneously. The requirement of a company seal has also been removed vide Company (Amendment) Act, 2015. Therefore, the reforms undertaken by the Ministry of Corporate Affairs have helped in reducing the procedures for starting a business in India and provide Ease of Doing Business.(Source : MCA)Getting credit is easier now too, largely in part due to the revamped Bankruptcy and Insolvency law.The law empowers lenders to drag companies that have defaulted for 90 days on debt exceeding Rs100,000 to the bankruptcy court which then places it under an administrator to examine a revival or an outright sale. If a plan is not worked out within three quarters, then the company’s assets get liquidated. The objective was to bring debt-laden companies back on their feet and help banks free up $210 billion of stressed assets for lending.All in all, this is the culmination of large scale policy and implementation changes that have been carried out in the last few years.If we keep up the pace of improvement, another 6–7 point increase in score by next year could very well place India in the top 40–50. This could be achieved by working on revamping the current labor and property laws, parameters in which India still ranks very dismal.

What is the definition of an "innovative company?"

Innovation is the successful introduction of something new. So you can rate how innovative a company is by the rate at which they introduce new products or services that are successful.

Why Do Our Customer Upload Us

This is an OUTSTANDING company! I got in contact regarding a program which I had gotten 6 years ago that I loved, which I lost to an ailing hard drive. I contacted the company and much to my surprise, they sent me a link! Unfortunately it was the wrong version, Once I figured out the right version, I emailed my rep Alyn, who promptly sent me the right link! I was ecstatic to get this program back! Unfortunately, I went to pay and the link on the top right corner sent me to pay for a different product and the serial number would not unlock it. I emailed again, this time I was dealing with Fiona. I was promptly sent the appropriate number and they fixed the rest. Their responses were amazingly prompt and they really worked to get me fixed up, even with a 6 year old program!! Customer service by Alyn & Fiona was top shelf and that is rare, but it really says a lot about this company..I cannot say enough good things about them, and I look forward to checking with them first, should I need any future auxiliary programs!!

Justin Miller