How does Boston compare to SV and what do MIT and Stanford have to do with it?
How does Boston compare to SV and what do MIT and Stanford have to do with it?How does Boston compare to SV and what do MIT and Stanford have to do with it? Rebecca: Marya, thanks for pointing out to me I wasn't being clear You question " why is Boston so successful in biotech if the people here broadly lack an interest in business?" made me realize I'm not talking about people broadly - there are plenty of business people in Boston, as everywhere. If the mayor of Boston is upset that Boston is economically getting the short end of the stick in this whole deal, a practical thing he could do is give these professors some help in beefing up the second section of their Rolodex, or perhaps try to build another network of mentors which was in the appropriate way Rolodex-enabled. Boston is losing out because there is a gap in the funding of technology between when DARPA stops funding something, because it is developed to the point where it is commercializable, and when the cautious Boston angels will start funding something - and other states step into the gap and get rich off of the product of Massachusetts' tax dollars. That's the way that Boston could have catalyzed an Internet industry of its own - not by expecting MIT students to commercialize their work, which they were constitutionally incapable of, but by giving people who wanted to commercialize something but didn't know what a chance to learn from the accumulated of experience and expertise of the Internet Crowd. You think of Mark Zuckerberg as the social networking visionary in Boston, and Boston could have won if they had paid to keep him. If the city or state had picked up these people after DARPA dropped them, and given them just a little more time, a bit more government support - say by a Mass ARPA - they could have made Boston the home, not of the big social networking company, but of the open social networking infrastructure and and all the expertise and little industries such a thing would have thrown off.