[...]... and editor of AlwaysOn, a leading business media brand that runs conferences on “need-to-know” topics in Silicon Valley, hosted a kick-off breakfast at KPMG’s Silicon Valley office for its forthcoming Innovation Summit Tony asked the group of a few hundred, “How many people grew up in Silicon Valley? ” About three people raised their hands He then proceeded to ask, “Okay, how about the rest of you ... the population of Silicon Valley so highly motivated? Does it thrive on type-A competitive personalities, or has much of its population come from places that lack opportunity? How has Silicon Valley adapted through its continuous cycles of innovation? What is the unique profile of the Silicon Valley entrepreneur, and how do they differ from entrepreneurs elsewhere? How does the Silicon Valley business... thinking.” After a week of hanging out at SU, my response to him was, “It didn’t just change my thinking; it changed my life.” Like the rest of Silicon Valley, Singularity University is a place that oozes with passion 30 2WHY SILICON VALLEY EXISTS Hay Fields, Rancho Los Robles, circa June 1936 SILICON VALLEY (NOUN) 1971: A region of land that is south of San Francisco Silicon refers to the silicon chip manufacturers... Silicon Valley mindset to this day PART II SILICON VALLEY ECOSYSTEM AND CULTURE Characteristics of the Silicon Valley ecosystem and culture SILICON VALLEY (NOUN) 2013: A vibrant ecosystem of visionaries, innovators, investors, and destructive management (those not afraid to buck the status quo) whose culture and human capital is relationship-driven collaborative, and rewarded through meritocracy Silicon. .. public offering (IPO) When we were in the market for a new nanny, we were stunned to learn that they earned an average of $20 an hour During the dot-com boom in the mid- to late-1990s, it was rumored that the Silicon Valley nanny was often presented with a new car as a signing or Christmas bonus so that the next newly minted millionaire didn’t steal her away at $25 an hour The irony is that Silicon Valley, ... the term Silicon Valley, ” but it was Vaerst’s friend, Don Hoefler, who branded the phrase in a series of articles in the weekly trade paper Electronic News, which was first published on January 11, 1971 At the time, silicon referred to the silicon chip manufacturers that dominated the region, and valley referred to the Santa Clara Valley, the southern part of San Francisco Bay If Silicon Valley were... Research Park, Moffett Field Singularity University (SU) occupies a few former military barracks on the campus of NASA-Ames Research Center at Moffett Field, halfway between the cities of Mountain View and Sunnyvale, California When entering Moffett Field past the guarded gate, you feel as if you have left Silicon Valley far behind, with the only exception being the ubiquitous Spanish-tiled roofs that adorn... the world at large Second, Silicon Valley boasts an incredibly muscular regional economic advantage within our global economy, despite the rest of America largely struggling As such, Silicon Valley is emblematic of why this century will not be defined by the classic nation state, but rather by the regionalization of cities as the hubs of economic development Third, Silicon Valley is constantly evolving... as in Silicon Valley and Asia, believe that Silicon Valley will continue to define what innovation hubs around the world will look like In 2000, Gong Hancock and her colleagues Chong-Moon Lee, William Miller, and Henry Rowen at the Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE), co-edited The Silicon Valley Edge: A Habitat for Innovation and Entrepreneurship, a series of commentaries... Innovation and Entrepreneurship, a series of commentaries from Silicon Valley notables on topics ranging from knowledge dynamics to the guiding of innovators The book lays out many of the characteristics of the Silicon Valley ecosystem, although I wanted to know the “whys” and “hows” of the culture’s evolution, as well as the details of this unspoken set of guiding principles that everyone seems to follow Throughout . alt="" SECRETS OF SILICON VALLEY SECRETS OF SILICON VALLEY WHAT EVERYONE ELSE CAN LEARN FROM THE INNOVATION CAPITAL OF THE WORLD DEBORAH PERRY PISCIONE SECRETS OF SILICON VALLEY Copy right © Deborah. countries. ISBN: 97 8-0 -2 3 0-3 421 1-8 Library of Congress Cataloging-in-Publication Data Piscione, Deborah Perry . Secrets of Silicon Valley : what every one else can learn from the innovation capital of the. about Silicon Valley 15 2: Why Silicon Valley Exists 29 PART II SILICON VALLEY ECOSYSTEM AND CULTURE 45 3: The University: Stanford 51 4: A Population of Highly Motivated People 67 5: The Cycle of