Magic? Luck? Or just plain old government money? ... In fact, he says, before there was was Silicon Valley, there was Microwave Valley, which specialized in ele

Magic? Luck? Or just plain old government money? ... In fact, he says, before there was was Silicon Valley, there was Microwave Valley, which specialized in electronic intelligence—spying on Soviets air defenses, basically—and the seed capital for it came exclusively from the CIA and military. Private capital arrived much later. At one point, says Blank, the institutions of the Valley were so totally in the pocket of the Department of Defense that Stanford became essentially a research lab for the CIA. A number of engineering Ph. D. theses were actually classified. The largest employer at the time—and still the third largest for-profit employer in the valley is not Google, and certainly not Facebook. It’s Lockheed Martin." http://www.inc.com/eric-schurenberg/inconvenient-history-of-silicon-valley.html http://www.inc.com/eric-schurenberg/inconvenient-history-of-... Is this correct?