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Of course not, but it helps. The reality is that the Valley is full of experienced people, from entrepreneurs to services providers, who make it so much easier to get the job of creating a company done. At the same time, many M&A exits are friends selling to friends, so having someone to sell to makes exits much easier. At the same time, there are clusters elsewhere, like Boulder, that are doing wonderfully. The trick is to get over the idea of selling Region/CIty X as cheaper. No-one buys cheap. They buy exits.