I think this mistakes cause and effect. The hypothesis of the article is that new trends, like the cloud, being exploited globally make the Valley less important. But I think that other places are adopting Valley trends, like exploiting the cloud, because the Valley is becoming more important. And the reason the situation is improving for entrepreneurs in those other places is because they are copying Valley trends.<p>I know Cambridge, UK best since that's where I'm from. And increasingly, new companies are forming there with little funding and young, highly technical founders. More people there are reading TechCrunch, have heard of Y Combinator, and are more able to re-locate to the Valley thanks mainly to the spread of knowledge. In the future, the startup visa might come into play too.<p>The Valley's culture is going global, and other locations will benefit as a result, but the main beneficiary is the Valley itself.