Eric Drummond

What's Silicon Valley Got to Do With It?

Alec Ellison, Andrew Auerbach, Eric Drummond, Kate Mitchell, John Ruffalo, Eric Schmidt, Andrew Lovett

A panel consensus establishes that while Silicon Valley remains the global leader in technology clustering and venture capital, its unique managerial ecosystem is difficult to replicate, forcing other regions to leverage distinct local assets rather than attempting direct imitation. Success outside the Valley depends on aligning specific industry strengths—such as clean tech in Colorado, agtech in St. Louis, or software in Provo, Utah—with appropriate capital types and a culture that tolerates risk and embraces immigration. Looking ahead, the innovation center of gravity is shifting toward life sciences and regional verticals, with emerging hubs in the Rocky Mountains, New England, and Israel positioned to capitalize on these specialized sectors and evolving government tax policies.