No, and that illustrates his point in a way. Boston has the second largest amount of VC funding, tons of startups, and more institutions of higher learning than pretty much any other metro area in the US [Citation Needed...last I saw it was 84]. But Boston's huge number of universities and hospitals is also one thing that makes it different from Silicon Valley. A lot more smart people can get into PhD programs, so there's a talent drain away from startups.