Replacing Silicon Valley

The history of Silicon Valley’s meteoric rise, the costs of being the world’s largest tech hub and what European tech hubs are doing differently.

By Sam Allen

A wafer of silicon transistors, the device behind the creation of Silicon Valley.

Inequality, unaffordable housing and hyper-competition. These are all features of the world’s strongest tech hub. Silicon Valley receives more VC investment than any other city, but it has been falling since 2015. Meanwhile, in European tech hubs, a more sustainable model is emerging which is seeing growth more evenly distributed. To understand the unparalleled and unsustainable growth of Silicon Valley we have to look back to the technological innovations made in the late 20th century.

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