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Silicon Valley: The Capital of Venture Capital

Spencer E. Ante, BusinessWeek

How did Silicon Valley come to own the tech industry? BusinessWeek's Spencer Ante offers a historical perspective on the Valley's success positioning and usurping of the East Coast's market dominance. Ante credits a number of factors for the shift westward, including Frederick Terman, a greater acceptance of ethnic diversity, and abundant higher education. Venture firms that arose in the 1960's and 1970's, including Kleiner Perkins and Sequoia Capital, are still among the nation's most successful today.