Check out the percentage of VC funding that this region received during Q1 ’08 versus other parts of the country:
I can’t think of a more compelling piece of information that paints the picture of how this region continues to create both real jobs & wealth during the current economic downturn. You can go back to the previous quarters as well to see that the “Silicon Valley” region has consistently won a significant piece of the funding awarded. In my opinion, this is one of the key elements that continues to drive the local real estate market (and the US economy). This region is at the “tip of the spear” in terms of “creative destruction” and stands unique among most top tier global cities. The SF Magazine gives great recent examples of this as does the recent book, “Who’s Your City” (creativeclass.com/whos_your_city).
Thanks for letting us all in on this information bit of information….