The development of Silicon Valley can be traced back to several key factors:
Stanford University: The close relationship between Stanford University and local businesses provided a steady stream of highly educated talent and fostered a culture of entrepreneurship. Government Contracts: During World War II and the Cold War, many companies in the area received significant government contracts for defense and aerospace projects. Semiconductor Industry: The invention of the silicon transistor and the growth of the semiconductor industry laid the foundation for the region's tech dominance. Venture Capital: Early investment from venture capitalists played a crucial role in the growth of numerous tech companies, including household names like Apple and Google.