All was well in Silicon Valley for most of 2008, until November. That's when the region's growth halted, and has been declining ever since, according to an annual report from Joint Venture Silicon Valley and the Silicon Valley Community Foundation, and reported by the Wall Street Journal.
There were also signs that Silicon Valley's innovation-oriented structure was showing some cracks. Venture capital investments - which provide financing for the startups that eventually go on to produce innovative new products - slid 7.7% in the region, the first decline since 2005. Few venture-backed companies were able to go pulbic last year becaue of makret turmoil. The overall number of patents being filed in the region also fell slightly, according to the study.
(image source: dacapoalfine)