The world economy ( the west + china ) is collapsing. Investors are seeking yield frantically. It's not surprising that high-tech is flourishing in this climate. It's also not surprising that high-tech is now being applied to new industries ( bio-informatics ), and that those industries are based in different geographic areas. SV isn't going away, though. Their are socio-cultural issues at play that took generations to build in the Valley, and replication in other places is not happening overnight. There are a lot of places this article could have gone, but didn't and that was sort of disappointing.