Silicon Valley vs. East Coast Venture Capital
by Alex Wang | Contact Alex Wang w/ Questions
The San Jose Mercury News provides interesting insight into the differences in culture between Silicon Valley and East Coast venture capital, with the only slightly biased subheading, "Differences Fuel Tensions as West Eclipses East in World of Venture Funding." But even the folks at Harvard admit there's something to it.
Excerpt: "There's considerable evidence that except for biotechnology, where Boston has a strong advantage, the advantage of California is becoming more pronounced,'' said Harvard professor Josh Lerner, an expert on venture capital and private equity.
"There used to be some big winners and some reasonable successes, but the reasonable successes have largely dried up, and the big hits have been concentrated out West. It's exacerbating the differences between Silicon Valley and everywhere else.''
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December 11, 2006 | Filed under: Silicon Valley News Comment Here »
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