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Silicon Valley derives its name from the silicon used in transistors and computer chips, pioneered in the region in the 20th century. However, the term did not gain widespread use until the early 1980s, [ 1 ] at the time of the introduction of the IBM PC and numerous related hardware and software products to the consumer market.
The road has become a metonym for that industry; nearly every top Silicon Valley company has been the beneficiary of early funding from firms on Sand Hill Road. [3] Its significance as a symbol of private equity and venture capitalism in the United States has been compared to that of Wall Street and the stock market. [4]
San Jose is notable for its innovation, cultural diversity, [19] affluence, [20] and sunny and mild Mediterranean climate. [21] Its connection to the booming high tech industry phenomenon known as Silicon Valley [22] prompted Mayor Tom McEnery to adopt the city motto of "Capital of Silicon Valley" in 1988 to promote the city. [23]
A technopole, commonly referred to as a high-technology cluster or tech hub, refers to a center of high-tech manufacturing and information-based quaternary industry. [1] The term was coined by Allen J. Scott in 1990 to describe regions in Southern California which showed a rapid growth in high technology fields. [2]
Ellison added to his real estate portfolio in Malibu in 2018 with a $38 million purchase of a beachfront house from movie producer Joel Silver. Ellison's house (not pictured) is located on Carbon ...
The area comprising Saratoga was earlier inhabited by the Ohlone Native Americans. [7] [8] In 1847, European settlers created a settlement at what is now Saratoga when William Campbell (father of Benjamin Campbell, the founder of nearby Campbell, California), constructed a sawmill about 2.5 miles (4.0 km) southeast of the present downtown area.
Silicon Valley, a longtime engine of human achievement, has become a significant source of human harm. Aware of the gathering backlash, its leaders have dived into the political fray to protect ...
Most people in Silicon Valley have assumed that scaling up a startup required the former. But founders can do things that managers can't, he added, so this advice feels "broken" to founders.