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Seems to me over in Europe or India they don't have a place where there was a gold rush in the last 170 years, and with a century of capital appreciation built
by fuzzfactor 5y ago
Seems to me over in Europe or India they don't have a place where there was a gold rush in the last 170 years, and with a century of capital appreciation built on that, spawned an outfit like HP 70 years ago with its incredible growth potential which attracted engineers from all over for decades. Then with proximity to more easy-come risk-capital like after Hollywood money shot through the roof.
And the foundation was all very well in place before the 21st century came around.
- adventured 5y agoSilicon Valley primarily (not exclusively) derived from East Coast industrial money in terms of backing it initially and building it up. Over time it spawned its own large scale capital structure as the successes rolled in, and that snowball has been rolling down the hill ever since. The California gold rush and supposed related capital appreciation had very little to do with the Silicon Valley outcome.