Most great ideas originate outside Silicon Valley, but the provincialism of the venture community there means that a mediocre idea in Palo Alto is much more lik

Most great ideas originate outside Silicon Valley, but the provincialism of the venture community there means that a mediocre idea in Palo Alto is much more likely to get funded than a really good idea anywhere else. Since only the funded survive, the resulting survivor's bias makes Silicon Valley look particularly innovative.