Start-up Success and the Five Types of Place Surplus

  • Sami Mahroum


Mid-way through the twentieth century, the 30 by 10-mile stretch of land between San Francisco and San Jose in Northern California was known for its rich agricultural soil and bountiful production of apricots and walnuts. Today, however, we know this place as Silicon Valley—the most recognised location for high-tech start-up activity in the world. The remarkable transformation from agricultural region into a world leading hub of technology, talent and prosperity is well documented (Adams 2005; Chong et al. 2000; Cohen and Fields 1999; Florida and Kenney 1990; Kenney 2000; Nicholas and Lee 2013; Perry-Piscione 2013; Reinhardt et al. 1997a, b; Saxenian 1991, 1994).


Comparative Advantage Digital Equipment Corporation Science Park Risk Capital Black Swan 
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Copyright information

© The Editor(s) (if applicable) and The Author(s)> 2016

Authors and Affiliations

  • Sami Mahroum
    • 1
  1. 1.INSEAD Abu Dhabi CampusAbu DhabiUnited Arab Emirates

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