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The Rise and Fall and Rise of Silicon Valley
04/09/10 12:32 PM Filed in: Business
In 1984, just after the PC bubble had popped, it was all doom and gloom regarding Silicon Valley’s future. There were stories about how Silicon Valley was washed up, and that innovation would move elsewhere. There have been many boom and bust cycles since 1984, and each time during the down periods analysts emerge to declare that the curtain is closing on the Bay Area.
But Silicon Valley never went anywhere, it just re-invented itself and got bigger and more influential. Companies continue to stay here because of the area’s unbeatable incubator of innovation that you can't find anywhere else: capital, people, and media. You have to be here to be part of the conversation, to be part of the community, otherwise you can't hire the smartest people, and you won't have access to smart capital, or the smart media.
Sure, innovation is happening in other parts of the world, but never on the same scale as it is being done here. And it's not just computer technologies, it is clean energy, and biotech too. Economic crisis is simply part of the landscape of being here and to turn an old adage on its head: what goes down must come up (again).
But Silicon Valley never went anywhere, it just re-invented itself and got bigger and more influential. Companies continue to stay here because of the area’s unbeatable incubator of innovation that you can't find anywhere else: capital, people, and media. You have to be here to be part of the conversation, to be part of the community, otherwise you can't hire the smartest people, and you won't have access to smart capital, or the smart media.
Sure, innovation is happening in other parts of the world, but never on the same scale as it is being done here. And it's not just computer technologies, it is clean energy, and biotech too. Economic crisis is simply part of the landscape of being here and to turn an old adage on its head: what goes down must come up (again).