In an interesting article, Blodget, Merrill Lynch tech analyst, compared entrepreneurial ecosystem in Silicon Valley to that of NY. As one of the noteworthy arguments he states that proximity to previous generation of successful players is more significant contributor to startup ecosystem success than that of proximity to great engineering institutions (read Stanford). The basis? -- An increasingly global engineering talent that is virtually accessible from anywhere.
May I venture to imagine that the flood of green-field investment by global tech firms in India will eventually lead to a vibrant tech innovation environment. Not a bad thought though.
Interesting article worth a read checkout
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