How To Keep High-tech Corridors From Failing

"Throughout the tech boom of the 1990s, few serious concentrations of tech companies received less hype, and investor attention, than did the sprawling 101 Corridor north of Los Angeles. Starting in the aging suburban neighborhoods of the San Fernando Valley and spreading out to Thousand Oaks in Ventura County, and beyond, this region has quietly developed into one of the major technology clusters in Southern California... Critical to the corridor's health has been both its relatively slow evolution and its growing diversity of technology companies. Unlike places like Silicon Valley, South Orange County or Austin, construction activity along the 101 Corridor never cascaded into the superheated conditions that now bedevil the nation's more well-known, high-tech markets. A relative dearth of venture capital here has also created a business culture that is largely dominated by highly focused, niche-oriented firms, most of which remain privately held. As a result, the collapse of NASDAQ and venture capital markets has had far less impact in this area than in most others."

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