And Intel came out of Fairchild Semiconductor, which also had roots in Shockley Semiconductor, and William Shockley came out to the Bay Area from Bell Labs to b

And Intel came out of Fairchild Semiconductor, which also had roots in Shockley Semiconductor, and William Shockley came out to the Bay Area from Bell Labs to be closer to his ailing mother, being that he grew up in Palo Alto, the son of a mining engineer father and a Midwestern transplant mother who came to Stanford to study and became a mining surveyor. Which makes William Shockley not just home-grown talent, but talent that brought the benefit of decades of research out in New York back with him. Further to the point, Shockley couldn't convince any of his colleagues out in Bell Labs to join him, since they didn't have the same roots in the Bay Area and the Bay Area didn't have the same draw then as it does now. But Shockley put in the leg work and recruited from the experience-less - the rest is history. The point is that money didn't bring Shockley back to the Bay Area, and Shockley/Fairchild/Intel didn't spring out of nothing.