I believe that Silicon Valley will be a startup hub for at least another ten years. I believe that many successful technology startups will thrive in other part

I believe that Silicon Valley will be a startup hub for at least another ten years. I believe that many successful technology startups will thrive in other parts of the world. I don't think these two statements are contradictory. Silicon Valley doesn't have to fail for you to succeed somewhere else. Especially if you are bootstrapping. As far as I can tell, Bollywood formed around India's domestic market, a market that Hollywood was doing very little to serve. I think the primary barrier to establishing other Silicon Valley equivalent hubs around the world is finding a local culture that doesn't punish failure. It needs not just to tolerate but to celebrate the level of prudent risk taking defines entrepreneurship.