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What makes Silicon Valley successful?

On a recent trip to the University of Pretoria's Gordon Institute of Business Science in Johannesburg, South Africa, Dean Garth Saloner gave a talk on what makes California's Silicon Valley so successful.

What would it take to duplicate this success? Saloner discusses what he calls "the ecosystem of participants" that drives innovation, the role of Stanford University in the creation of new ventures, and the Valley's business culture, including the complete venture capital life cycle.

View it here ...