There are more stories of successful founders than of successful investors. More people know of Elon Musk and Mark Zuckerberg than of Arthur Rock and Don Valentine. Venture capitalists may be less well known than the founders they backed, but their impact on entrepreneurship through their advancements in finance is one of the key reasons why anyone knows Silicon Valley or has heard of those names that are celebrated in headlines.
In , Sebastian Mallaby argues for venture capital as being the primary reason for Silicon Valley's success. Journalists, academics, and industry veterans have tried to uncover the secret to Silicon Valley's success. Policymakers and politicians have been informed by these studies as they try to turn other areas into similar success stories. Tel Aviv, Shanghai, Berlin, and Singapore are among the cities that have tried to replicate the success of Silicon Valley. There is not a city of any reasonable size that does not have an innovation
