Brains Behind the Game

Although many years have passed since the inception of the digital revolution, the brains behind the most integral innovations that have made such a revolution possible still migrate towards Silicon Valley. It is no surprise when one takes into consideration the over $3.1 trillion that have been invested in the area only on venture capital since 2000.

If one has a revolutionary idea but is seeking funding for the first time, then there is no better place in the country to be. In 2010 alone, venture capital doled out $22 billion into over 2,700 companies. Of the thousands of companies seeking funding, just over 1,000 of them were receiving funding for the first time in their existence. The most notable startups in the modern age received their start in this general area, adding to the enthusiasm and the idea that Silicon Valley is a constant gold mine for technological innovation.

Bill Gates and Paul Allen founded Microsoft in 1975. Apple first came into existence in the area just a year later under the leadership of Steve Jobs and Steve Wozniak. By 1998, Google had gotten itself off of the ground thanks to funding in this area of California as well. Virtually all of the smart phones in use on the market today are using operating systems that were first developed in Silicon Valley. In all, 92 percent of systems got there start here. Android can thank Silicon Valley for 75 percent of their technology, iOS for 17 percent, and Windows for 3 percent of their advances.

At this point in time, there are major players in the startup industry that dedicate themselves to funding the future generations of Bill Gates and Steve Jobs-type minds. Among the leaders in these groups are AngelPad, Kick Labs, Y Combinator, and 500 Startups. It is not just the tech junkies that have taken notice of what is and has been happening in Silicon Valley, however. Major industries across the nation have jumped on the bandwagon. The newcomers to the game include the automotive manufacturing industry and the Department of Defense. The Pentagon actually spent over $1 billion in venture financing over 2012 alone. Private firms that have begun to take notice include G.E., Target, Lucent, and Walmart.

Source: www.topcomputersciencedegrees.com