Re:Where the 'real' Silicon Valley is
by bcx on Friday February 06, 2015 @11:35AM
(#9009766)
At first I was a bit confused by this article, and it looked like there was likely a large correlation/causation bias in determining quality.
Especially since the two outcomes they were looking for were IPO and potential for acquisition.
But after thinking a bit more about the topic, I think they have basically determined how to detect tech companies as a proportion of new business registrants per county. (Especially tech companies have a higher potential for some form of exit, over the typical company given the pervasiveness of acqui-hires)
As they said law firms (i.e. firms with the name of the founders in the name) had less positive outcomes.
Especially since the two outcomes they were looking for were IPO and potential for acquisition.
But after thinking a bit more about the topic, I think they have basically determined how to detect tech companies as a proportion of new business registrants per county. (Especially tech companies have a higher potential for some form of exit, over the typical company given the pervasiveness of acqui-hires)
As they said law firms (i.e. firms with the name of the founders in the name) had less positive outcomes.