Silicon Valley has long been the epicenter of venture capital-financed high-technology. Research has documented the tendency of venture capital and high-tech start-ups to cluster in suburban offices parks in Silicon Valley, the Route 128 suburbs outside Boston, and North Carolina's Research Triangle (aptly dubbed nerdistans!).
But a number of recent studies suggest the geography of venture capital and start-ups may be shifting to "urban tech," from this long-held suburban orientation to cities and urban neighborhoods. Such a shift would be in line with more general urban theory which has long seen dense, diverse urban centers — not suburbs — as cradles of innovation.