How to replicate Silicon Valley model

Source:http://www.paulgraham.com/revolution.html

If you wanted to create a startup hub by reproducing the way existing ones happened, the way to do it would be to establish a first-rate research university in a place so nice that rich people wanted to live there. Then the town would be hospitable to both groups you need: both founders and investors. That's the combination that yielded Silicon Valley. But Silicon Valley didn't have Silicon Valley to compete with. If you tried now to create a startup hub by planting a great university in a nice place, it would have a harder time getting started, because many of the best startups it produced would be sucked away to existing startup hubs.

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