My take on this, and I have spent some time in SV working at a startup in Redwood City, is that SV does NOT attract the best and the brightest. Instead it attracts a gaggle of me-too-ers who apply cargo cultism to ape the successful companies. This actually has the effect of REDUCING innovation because the startup culture is afraid to try new things, afraid to build on something tried and tested in the MidWest or New York because they are worshiping at the temple of Sandhill Road.
It is not just an issue with women (who the article quite rightly points out, have a great track record of starting successful businesses) but it is also an issue with age and with experience. SV often rejects people who are not young enought purely for ageist reasons but it also rejects those who are too experienced, too educated. The kind of people that built NASA are persona non grata in SV.
There are still some smart people coming out of SV because of Stanford and UC Berkeley being there, but if those two schools moved away, the whole house of cards would collapse.
It is not just an issue with women (who the article quite rightly points out, have a great track record of starting successful businesses) but it is also an issue with age and with experience. SV often rejects people who are not young enought purely for ageist reasons but it also rejects those who are too experienced, too educated. The kind of people that built NASA are persona non grata in SV.
There are still some smart people coming out of SV because of Stanford and UC Berkeley being there, but if those two schools moved away, the whole house of cards would collapse.