Future Silicon Valleys Need More Than 'Rich People And Nerds'

Joel Kotkin takes issue with Paul Graham's recent commentary on "How To Be Silicon Valley", asserting that his logic is elitist and much of his evidence incorrect, in this three-part Inc.com blog entry.

1 minute read

June 5, 2006, 2:00 PM PDT

By David Gest


"Paul Graham addressed the issue of 'How to be Silicon Valley,' which alleged that to become a high-tech hotbed 'you only need two kinds of people...rich people and nerds.'

This reflects the conceit of a small, but influential group of elite techies and their supporting claque of pundits. According to these worthies, the 'right people' only congregate in certain places with 'well preserved old neighborhoods instead of cookie cutter suburbs, and locally-owned shops and restaurants instead of national chains'. Unlike the rest of us, the chosen will cluster in places 'with personality.'"

"I agree with Graham that most techies may well prefer places 'with personality' (who doesn't?) but they also like good schools, affordable housing, and a lot of other things as well. If they can get both -- which is sometimes possible -- they will take it. If the choice is between a nice, albeit somewhat non-descript suburb good for families or a 'funky' mega-priced urban center that is not, most will opt for outer ring Nerdistan. At least that’s what they have been doing for the past 50 years."

Tuesday, May 30, 2006 in Inc.com

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Aerial view of town of Wailuku in Maui, Hawaii with mountains in background against cloudy sunset sky.

Maui's Vacation Rental Debate Turns Ugly

Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.

July 1, 2025 - Honolulu Civil Beat

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

July 9, 2025 - Diana Ionescu

Map of Haussmann's redesign of Paris in the 1850s through 1870s under Napoleon III.

In Urban Planning, AI Prompting Could be the New Design Thinking

Creativity has long been key to great urban design. What if we see AI as our new creative partner?

June 30, 2025 - Tom Sanchez

View of dense apartment buildings on Seattle waterfront with high-rise buildings in background.

King County Supportive Housing Program Offers Hope for Unhoused Residents

The county is taking a ‘Housing First’ approach that prioritizes getting people into housing, then offering wraparound supportive services.

July 11 - Real Change

Aerial view of suburban housing near Las Vegas, Nevada.

Researchers Use AI to Get Clearer Picture of US Housing

Analysts are using artificial intelligence to supercharge their research by allowing them to comb through data faster. Though these AI tools can be error prone, they save time and housing researchers are optimistic about the future.

July 11 - Shelterforce Magazine

Green bike share bikes parked in a row on a commercial street with outdoor dining and greenery.

Making Shared Micromobility More Inclusive

Cities and shared mobility system operators can do more to include people with disabilities in planning and operations, per a new report.

July 11 - Cities Today