Where, Oh Where?
The next entrepreneurial hot spot may be coming soon to a city near you.
At the apex of Silicon Valley's fame, you'd think itsrealtors were engaged in some sort of subliminal campaign to lurein tech start-ups. What really made Silicon Valley the granddaddyof hot spots? Why did Boeing leave Seattle for Chicago? Why isDenver getting so much press? It's a fusion of many differentelements.
Silicon Valley had been primed for its status starting in the'30s, when Stanford University began a campaign to become aradio and communications research center. It worked. Companies likeFairchild Semiconductor and Hewlett-Packard set up shop nearby.Since then, generations of entrepreneurs have crawled out of thewoodwork. "There's an acceptability of risk-takinghere," says Shanda Bahles, general partner at El DoradoVentures, a Menlo Park, California, venture capital firm. "Thepeople who took risks failed, and then did it again and weresuccessful-those are the stories that make the rounds ofentrepreneurs."
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