Edmund Phelps Quotes

It would be idiotic to position ourselves against Silicon Valley.

In 2014, Utah cities Salt Lake City and Provo both surpassed Silicon Valley in per-deal venture capital averages. From large, multi-campus companies to promising start-ups, Silicon Slopes offers a promising climate for businesses. The entire tech industry has its eyes on Utah.

I wouldn't say that I know a lot about 'Silicon Valley'. I live in Boston, for one thing. And I don't live and breathe this stuff the way most of the guys out there do.

When I was in high school and college, I'd always been into websites, and when you'd read about sites and the companies and people behind them, they were always in Silicon Valley. This one's in Mountain View, this one's in Palo Alto. They're all right here. I knew I wanted to move out here, whether it was to work at Google or some other company.

In the early '80s, I happened to find myself in the vicinity of people who would work for Microsoft five years later.

There is a huge amount of wealth that's generated here in Silicon Valley.

Think of everything in Seattle - Microsoft, Amazon, Starbucks. Then you go down to Silicon Valley - Intel, Apple, Google, Facebook, Twitter. What does New York produce?

I remember flying in, driving down 101 in a cab, and passing by all these tech companies like Yahoo! I remember thinking, 'Maybe someday we'll build a company. This probably isn't it, but one day we will.'

Today, in the Internet gold rush, so many people go into dot-com jobs right from school or even before finishing. Their motivation is understandable, but sometimes they just lack experience.

College graduates work in every sector of the American economy, and the research engines incubated within our universities generate a wealth of ideas and innovations that have an enormous impact on our lives.

When I was a young man in the 1970s, tech firms were scattered across the developed world. Since then, America has come to dominate tech almost totally.

'Silicon Valley' has come to mean the Bay Area, not just down the Peninsula.

There are lots of people in the Silicon Valley who are interested in working at a fast-moving, dynamic company like Google. Not just my family members.

Who have I picked fights with over the years? Bill Gates. Google. Mark Zuckerberg. Even - despite everything that's written about my relationship with Steve Jobs - we had yelling matches.

Seattle was hardly a tech magnet before Amazon, Microsoft, and then a host of once-fledgling technology firms set up operations there.

You know what makes me want to cry? I think, whoever the next Facebook is, why would you ever start that company here in the United States?

I'm delighted to be returning to my California roots and joining Google.

Silicon Valley has been this global engine of innovation and economic growth over the last few decades, but a tidal wave of innovation that has been focused very much in the digital realm.

What makes Silicon Valley really work? It's a unique combination of great educational institutions - especially at Stanford - that generate engineers and a culture that starts companies.

When I joined Google, it was a 1,500-person company, which I thought was huge, since I don't think of myself as a corporate person.

Tech is important, but if you look at even the successful tech start-ups, you see they employ only dozens of people at most. Tech is never going to have the impact on the job market that manufacturing has.

Silicon Valley is like Wall Street in that it will fill and pursue market opportunities to their logical extremes.

There's no more silicon in Silicon Valley. It's all iPhone apps.

We need to think about what Silicon Valley can contribute to the country - not just that somehow government bureaucrats should listen to our way.

New York is the new Silicon Valley.