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Q: With so many other schools in the U.S. and around the world doubling down on engineering and technology, is Silicon Valley at risk of losing its edge?

A: Anyone who bets against Silicon Valley is betting against a successful track record of 40 or 50 years.

You’ve got the universities. You’ve also got a very, very effective venture-capital industry, which is very well honed and you have the creations of at least a biotech revolution and a high-tech revolution, and the possibilities of the green revolution being created here.

When I’m asked about this, and I’ve been asked this for years, I answer this the same: It is the weather. There’s a reason why generations of young people who are willing to challenge assumptions and so forth have ended up in the Bay Area, and the weather is not a small part.

–Eric Schmidt, CEO of Google and lecturer at the Stanford GSB, in a Q&A with the Wall Street Journal

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Also on Stanford Knowledgebase:

  1. Who is More Digital – Teenagers in China or Silicon Valley?
  2. From Latvia to Silicon Valley: Bridging the Innovation Gap
  3. Do What You Love, Not What Pays the Most, Says Google’s Kordestani

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