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Yes, why is it called Silicon Valley? Are you aware it’s because the federal government set up a nasa program in the Bay Area that concentrated engineering talent and kick started the first set of companies? Are you aware government contracts provided much of the initial demand that got those companies revenue? Are you aware of the massive public investment to establish the internet? Or the GPS network? I could go on and on. The government pays for the basic research and infrastructure that isn’t commercially viable, companies then take up the mantle of commercialization from a significantly derisked reality.


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