Greylocks Henry McCance on Why the Firm Moved Its HQ to Silicon Valley and How Boston Must Find Its Google
Summary
But here is a very short list that spans tech and life sciences: Continental Cablevision, Teradyne, Prime Computer, Apollo Computer, Mentor Graphics, Tellabs, Stryker, Ascend Communications, Xircom, Spyglass, Raptor, Red Hat, Avid Technology, Data Domain, Vertex Pharmaceuticals, Millennium Pharmaceuticals, United Healthcare, Genetics Institute, Wise Technology, Constant Contact, LinkedIn, Facebook, Zipcar.Greylock has long maintained an office in Silicon Valley (right now it’s in San Mateo, but next month the firm is opening a new headquarters in Palo Alto).But the turning point, says McCance, was the shift away from the minicomputer, which had been dominated by New England firms like DEC, Data General, Prime, Apollo, and Stratus, to the PC.“The thought leadership in tech companies, as the minicomputer sun set and the personal computer rose, moved to the West Coast.” That, he says, created a kind of virtuous cycle that exists to this day.‘Hot’ engineers don’t want to worry about ending up in lawsuits and court if they leave one company to start or join a new company.” As far as other, bigger factors go: “I’m no expert here.
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