Silicon Valley Tech Cluster Sample Clauses

Silicon Valley Tech Cluster. Venture Capital and Government Support The VC industry, as previously noted, has a storied history in America that began on the east coast. Although the tech-focused VC firms prevalent today would not emerge until the early 1970s, early-stage, high-risk capital could still be found throughout New York and Boston. For companies like Xxxxxxxxx searching for funding in the late 1950s, its founders had to look beyond Northern California. Ultimately, they connected with New York investment banker Xxxxxx Xxxx, 78 X’Xxxx, 39-42. who was willing to take a bet on their company. Fairchild went on to become a multi-billion-dollar company, contributing various spin-offs in the Silicon Valley region, including prominent VC firm Xxxxxxx Xxxxxxx Xxxxxxxx and Xxxxx.79 While the Fairchild founders struggled to find capital on the West Coast, new ways to support startup firms were being developed by the U.S. government. A year after its founding, the US Small Business Administration (SBA), an office of the federal government that supports entrepreneurs, launched the Small Business Investment Act of 1958. The act sought to increase access to funding for small businesses through supporting Small Business Investment Companies (SBIC), who would invest in new, potentially risky ventures.80 SBIC’s are privately owned, however, given the funds are licensed through the SBA, they are also prone to regulation.81 Though privately licensed funds ultimately became the norm in the 1970s, SBICs helped spur the first wave of VC firms, many of whom looked to focus their investments in high-tech companies in Silicon Valley.82 The development of the VC industry in Silicon Valley fulfilled the critical tech cluster component of early-stage capital, and also served to increase the already flourishing network effects in the region. With the concentration of highly skilled talent, collaboration of stakeholders, and the presence of VC, the region had all key components necessary to achieve rapid economic growth by the early 1970s. These components ultimately led to the development of incredible innovations, however, the rapid growth of the Silicon Valley tech cluster also led to simultaneous externalities in the region. 79 O’Mara, 41. 80 US Federal Government, Small Business Investment Act of 1958, US Small Business Association, 1958. Online, xxxxx://xxx.xxx.xxx/sites/default/files/Small%20Business%20Investment%20Act%20of%201958_0.pdf (Feb 5th, 2020) 81 “Apply to Be an SBIC,” Apply to be an SBIC, ...
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Related to Silicon Valley Tech Cluster

  • Dimensions Education Bachelor’s or Master’s Degree in Computer Science, Information Systems, or other related field. Or equivalent work experience. Experience: A minimum of 7 years of IT work experience in infrastructure/network environments performing networkplanning, architecture design, engineering (hardware and software) and optimization.

  • NOW, THEREFORE the parties hereto agree as follows:

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Background 1.1. The “Work” is the research article, review article, letter, clinical trial study, report, article, or other copyright work, as identified in the Copyright Letter and further detailed in Schedule 1: Details of the Work (including such form of the copyright work submitted to Xxxxxxx Science for publication pursuant to clause 4, below), but excluding (except where context otherwise requires) any diagrams, figures or illustration specifically identified to Xxxxxxx Science pursuant to clause 3.2, below.

  • Services FASC agrees to provide to the Adviser the services indicated in Exhibit A to this Agreement (the “Services”).

  • GRIEVANCE PROCEDURE 7.01 For purposes of this Agreement, a grievance is defined as a difference arising between the parties relating to the interpretation, application, administration or alleged violation of the Agreement including any question as to whether a matter is arbitrable.

  • AGREEMENT The parties agree as follows:

  • Term of Agreement This Agreement shall continue in full force and effect until the tenth (10th) anniversary of Bank Closing; provided, that the provisions of Section 6.3 and 6.4 shall survive the expiration of the term of this Agreement; and provided further, that the receivership of the Failed Bank may be terminated prior to the expiration of the term of this Agreement, and in such event, the guaranty of the Corporation, as provided in and in accordance with the provisions of Section 12.7 shall be in effect for the remainder of the term of this Agreement. Expiration of the term of this Agreement shall not affect any claim or liability of any party with respect to any (i) amount which is owing at the time of such expiration, regardless of when such amount becomes payable, and (ii) breach of this Agreement occurring prior to such expiration, regardless of when such breach is discovered.

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Limitation of Liability No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

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