Michael Hendrix of the Manhattan Institute writes in the latest National Review that Silicon Valley-based companies ought to think about expanding their geographic footprints to other parts of the country.
Hendrix makes no reference to the potential high-profile Apple project in the Triangle, but he mentions North Carolina as a possible home for West Coast transplants.
Breaking up Silicon Valley would tap into the potential of technology hubs around the country. Venture capitalists and major technology firms can lead by investing financially and socially outside the Valley — putting in the money but also the time to show up, shake hands, and get to know people. There is no single path forward, but there are some clear steps they can take. VCs can learn from Mark Kvamme by spending time outside Northern California and getting to know investor networks in places such as Salt Lake City or Columbus or Raleigh. They should relocate an essential portion of their partnership and portfolio companies wherever they find opportunity.
