Reply to What is stopping NoVA from reaching SV level prices?

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[quote=Anonymous][quote=Anonymous]So about 2% of people moving there make it big?[/quote]

It's hard to quantify a % because it depends how you define "people".  I'd estimate at least 5% of Y Combinator founders make $10m+ for example within a couple years of admittance.  Whatever the %, it feels very achievable to people and that's why they move out here and stay out here despite all the day to day quality of life issues.

Failure is also very common but viewed as a normal part of work.  One of my close friends started 4 tech businesses in a row and each of them failed.  He kept at it with number 5 and became a billionaire (on paper) last year.  More relevant to this thread, his co-founders will take home $100m+ each and dozens of the early employees will fall into that $10m+ bucket.  There are entrepreneurs, lottery winners, successful personal injury attorneys and so on and so forth everywhere, but the sheer concentration of youth and wealth in Silicon Valley has achieved a critical mass not found elsewhere.

Silicon Valley has a dark side as I mentioned before.  Addiction, psychopathic executives run wild, lack of humanity across the spectrum, suicide.  The place has a beautiful but terrible chronic illness.  You should be thankful it's not contagious, not hoping your home town becomes the next victim. 
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