Q: With so many other schools in the U.S. and around the world doubling down on engineering and technology, is Silicon Valley at risk of losing its edge?
A: Anyone who bets against Silicon Valley is betting against a successful track record of 40 or 50 years.
You’ve got the universities. You’ve also got a very, very effective venture-capital industry, which is very well honed and you have the creations of at least a biotech revolution and a high-tech revolution, and the possibilities of the green revolution being created here.
When I’m asked about this, and I’ve been asked this for years, I answer this the same: It is the weather. There’s a reason why generations of young people who are willing to challenge assumptions and so forth have ended up in the Bay Area, and the weather is not a small part.
–Eric Schmidt, CEO of Google and lecturer at the Stanford GSB, in a Q&A with the Wall Street Journal
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