The kind of companies Paul is talking about appear to be software companies, in general. More new software companies originate in Silicon Valley than anywhere e

The kind of companies Paul is talking about appear to be software companies, in general. More new software companies originate in Silicon Valley than anywhere else in the world by a wide margin. Most new software companies (Google, for example) tend to be internet companies, but that's just because the internet is the most sensible way to distribute most software now.