[gbookman]

The article makes some interesting points but I think it fails to take into account the plummeting cost of starting and running a startup.

Because it's so cheap to start/run a company, and only getting cheaper, there's much less need for gov't/VC/university money.

[nathanwdavis]

But I think the point is that relative to other locations, it is still much more costly.

Here's one example: http://news.ycombinator.com/item?id=1118125