In The Hills Above

Venture capitalists expect some of the businesses they support to fail. If that never happens, they aren’t taking enough risks. Similarly, a government program aimed at advancing technology is bound to end up with some lemons. If it doesn’t, it’s not extending the frontier.

–Paul Krugman

Silicon Valley is not an especially friendly place, but I wouldn’t want to live anywhere else. Spectacular weather and scenery. Talent is everywhere.