There’s an interview with Bill Joy, a partner at well-known Silicon Valley venture capital firm Kleiner Perkins in Fast Company:
He says it is still better to grow companies in Silicon Valley than in Bangalore or Shanghai.
He’s also keen on energy and material start-ups:
I don’t think there will be one energy company that’s as significant as a Netscape. [But] there may be more than a couple as significant as Google. There’s an enormous opportunity for new ventures in the energy field based on new science and new technology. Beyond energy, nanoscale engineering and new chemistry, physics, and biology offer the opportunity to invent new materials we haven’t seen before that can do amazing things.
Emphasis ours. (Via Rob.)