BBC News:
The mood is bullish as Silicon Valley investors gather at Said Business School in Oxford to find new opportunities, new entrepreneurs and new ideas.
Michael Malone, journalist and former editor of Forbes magazine, explains why Silicon Valley is unique for technology start-ups.
‘Silicon Valley has developed a sophisticated process for taking individuals with good ideas and surrounding them with the infrastructure and the money to build new companies,” he says.
‘It’s where you go if you want to start a great company. Everything is there to enable you to do that.’
The Valley combines talent and knowledge that is rarely found anywhere else in the world.
Even other US cities can struggle to incubate new technology start-ups, demonstrated when Facebook was forced to move from Boston to Silicon Valley to secure venture capital.
Since its inception in 2000, the ‘Silicon Valley comes to Oxford’ event has helped foster an entrepreneurial environment in the university city.
The number of British venture capital firms has grown in recent years, but Michael Malone says that entrepreneurs still have to work harder to get funding in Europe than the US.
Photo: news.bbc.co.uk
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