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What explains that magic? The title of a 1995 Time essay echoed Bono’s answer: “We Owe It All to the Hippies.”[10] But the Valley’s distinguishing genius is that the patina of the counterculture combines with a frank lust for riches. The pot-smoking, sandal-wearing inventors of Bono’s acquaintance have never been ashamed to earn vast fortunes, and the Valley is the place where career ladders have been scorned not just by bohemians, who disdain them as bourgeois, but even more by overachievers, who regard them as a pitifully slow way to get ahead. Steve Jobs was among the many who embodied both sides of this contradictory culture. He was too modestly egalitarian to demand a boss’s reserved slot in the company parking lot but too arrogantly entitled not to steal the space designated for disabled drivers.[11] He was a communalist collaborator, sharing his intellectual property freely with ostensible rivals; he was also a capitalist competitor, paranoid and controlling. It was this combination of laid-back creativity and driving commercial ambition that truly defined Silicon Valley, making it the place where flights of imaginative fancy begat businesses that shaped societies and cultures.
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Sebastian Mallaby (The Power Law: Venture Capital and the Making of the New Future)