Spreading the Love of Silicon Valley (Infographic)
Just when you thought Silicon Valley couldn't get any more popular, it has. Startup hubs across the country are increasingly snapping up the "Silicon" moniker," hoping to emulate its success.
Portland, Ore., adopted "Silicon Forest," New Orleans calls itself "Silicon Bayou" and even Des Moines, Iowa now has the nickname "Silicorn Valley."
Such homages to the (original) Valley is hardly surprising. Compared to other startup ecosystems, the tech hotspot that giants like Google, Twitter and Facebook call home has 35 percent more serial entrepreneurs and 20 percent more mentors than other U.S. entrepreneurial ecosystems. Entrepreneurs based there are also willing to put in longer hours and are considered more ambitious, according to a report by Startup Compass. And with this strength it has been a magnet for investors, as the Valley regularly ranks No. 1 for venture capital investment.
To be sure, California, overall, is packing a greater wallup these days, as the infographic from Intuit (below) shows. The state raked in more venture capital funding than the next nine states combined, thanks in part to the rise of San Diego and Los Angeles's startup scenes (a.k.a. Silicon Beach).
Read on for more tidbits about Silicon Valley and other startup ecosystems: