The Next Silicon Valley

That statement conflates several things and is hyperbolic.

The "computer industry" isn't some amorphous industry that has been going strong since the days of semiconductors.

There have been many iterations of technology-- mobile, web, PC, etc-- and while it turned out that way, it should not have be a forgone conclusion that all would have been essentially centered in Silicon Valley. Other areas trying to be the "next Silicon Valley" had many opportunities to unseat it, especially during the busts that have occured in the Valley's boom-bust history.

Even his numbers are incorrect. There are not "hundreds of billionares" in Silicon Valley even today. There are not even 100 in the entire state of California. http://en.wikipedia.org/wiki/List_of_U.S._states_by_the_numb...