There aren't many sources of money in San Diego, apart from local partnerships and local investors. It's pretty starkly polarized to Silicon Valley.
Sentiment: NEGATIVE
There is a huge amount of wealth that's generated here in Silicon Valley.
The amounts of money in Silicon Valley are staggering.
What makes San Francisco work is that high-value people like to live there and cluster.
The San Francisco Bay Area has more VC firms and dollars invested than all East Coast cities combined.
You see 6,000 times more tech companies in San Francisco than you see in Seattle. All the money is in San Francisco when you look at the venture fund maps. The PR is in San Francisco. The centricity of the industry is in San Francisco.
For all the billions of dollars created here, Silicon Valley is remarkably stingy when it comes to giving.
One of the great things about Silicon Valley is, irrespective of how competitive you might be with another company or how closely you might be working with that company, there's a great sort of give and take, and camaraderie from - between - some of the executives in the valley and some of the other investors in the valley.
In San Diego, our local innovation economy is a thriving industry employing thousands of highly skilled workers.
Silicon Valley has evolved a critical mass of engineers and venture capitalists and all the support structure - the law firms, the real estate, all that - that are all actually geared toward being accepting of startups.
Even Silicon Valley investors have put well over a $1 billion in new energy technologies.
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