You scratch my back and I'll scratch yours. Taking "Superangel" Ron Conway as an example, Fortune provides interesting insights into the cronyism in Silicon Valley ("Ron Conway is a Silicon Valley startup's best friend"):
"Conway may not be a brand name outside of tech circles, but in the startup-fueled economy of the Bay Area, he's a ubiquitous character with an outsize personality who is often called the godfather of Silicon Valley.
It's a moniker he's earned, in part, by investing relatively small sums in more than 600 Internet companies since the mid-1990s. Hundreds went bust, but there are a few you might have heard of. In the first Internet boom, he bet on PayPal and Google."
For everybody who always wanted to know what makes the industry in Silicon Valley tick and why, even in Berlin, we have to deal with the Ashton Kutchers of this world.
What you an also see in this chart is how much importance ecommerce has gained in Silicon Valley. There is hardly a month without Conway's SV Angel Investments investing at least in one ecommerce startup.
However, with regard to online retail, where lately innovations in trade have bet those in technology ("More Than Nerd Commerce"), Silicon Valley is not yet again the centre of the world. If the formative ecommerce startups come from the US at all, they tend to be founded on the East coast.
Earlier posts on this subject
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