"... I am always skeptical of copying things. ... Just like you shouldn't try to copy Microsoft or Facebook, copying Silicon Valley is probably also the wrong idea. ... One reason it's the wrong idea is that we don't even actually know what makes Silicon Valley work. Maybe it's the weather. Maybe it's non-compete agreements are not enforced in California. Maybe it is that there are these crazy network effects. ... All kinds of different explanations ... one can give. Even if we wanted to, I am not sure we know what makes it work. And then, I think, even more fundamentally when you are copying something, you are setting yourself up to be defined in a lesser way. If you are the Oxford of Iceland, that's not quite Oxford ... The something of somewhere is often the nothing of nowhere."