Silicon Valley primarily (not exclusively) derived from East Coast industrial money in terms of backing it initially and building it up. Over time it spawned it

Silicon 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.