8 Fascinating Facts About Silicon Valley

California attracts many migrants not only for its pleasant climate and gorgeous seaside scenery. One of the world’s biggest techno hubs was also built within the borders of the Western state. Let’s explore what makes Silicon Valley so special.

  • Silicon Valley got its name because of the large number of silicon-based semiconductor manufacturers that were founded in the area in the 20th century.
  • Stanford University, located in Silicon Valley, is one of the world's leading universities for computer science and technology research.
  • In the early days of Apple, Steve Jobs and Steve Wozniak used Jobs' garage as an office in Los Altos, California. Today, the garage is considered a historic site and is often visited by Apple fans.
  • Facebook's first headquarters was located in a small house in Palo Alto, California.
  • Silicon Valley is home to some of the world's most expensive postcodes, including Atherton, Palo Alto, and Los Altos Hills.
  • The cost of living in Silicon Valley is quite high, with approximate home prices exceeding $1 million.
  • Silicon Valley has a thriving startup culture, with many aspiring entrepreneurs flocking to the region to launch their own companies.
  • The phrase "unicorn" to describe a startup was coined by Aileen Lee, a founder of Cowboy Ventures.
  • Learn Business English slang words listed in this article.

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