Tuesday, June 05, 2007

Silicon Valley and bubble spotting

The name Silicon Valley brings to memory afresh the dot-com bubble which started in the mid-1990s. That was the time when the entrepreneurial spirit of the Valley made instant young millionaires and many went broke went the bubble burst.

Silicon Valley is the southern part of the San Francisco Bay Area in Northern California in the United States.

The valley has transformed from silicon chip innovators and manufacturers to a geekdom that is gaining momentum like the old days again.

Once bitten, twice shy and now every entrepreneur is on the lookout for the bubble.

“There’s such a heightened sense of bubble awareness in Silicon Valley that people confuse any expression of enthusiasm for a bubble,” said Paul Kedrosky, the executive director of the William J. von Liebig Center for Entrepreneurism and Technology Advancement at the University of California, San Diego.

Silicon Valley's dynamism is generally attributed to entrepreneurial spinoffs due the use of innovation and new technologies. Companies that seize such opportunities reap handsome rewards while those that do not keep with a rapidly changing market pay a revenue penalty.

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