In SF startups are the #1 thing

The central theory suggests that Silicon Valley thrives due to network effects in talent, knowledge sharing, and business formation, making it challenging to replicate elsewhere. On the other hand, a counter theory proposes that entrepreneurial networks are developing in other regions, like Beijing, indicating a spread of the culture of entrepreneurship. The ability to scale talent and play large-scale games seems to be expanding beyond Silicon Valley, even in cities like LA where the focus has historically been on media, highlighting a shift away from traditional industries towards prioritizing startups.