LONDON IS PERFECT PLACE TO CREATE NEXT FACEBOOK

London has major advantage over silicon valley as a technological Centre but it has nothing to do with technology,the founder of Wikipedia said on 11/October/2011.Jimmy wales said the capital's museum and galleries are more exciting than'BORING' California.
'London is a fabulous city culturally.it's the crossroads of the world.Silicon valley is Frankly,a dull place to live'
MR Wales said.
'You move down to the valley and it's deathly boring.people don't dream of moving to San Jose. it's not like London'
MR Wales spends half the year in London and believes it is the perfect palace for the next Mark Zuckerberg-who created Facebook-to emerge.
However,MR wales claims the project could be hampered by Britain's attitude to entrepreneurs.
'One thing the UK has on the downside is an excessive willingness to complain and knock things that aren't that bad'he said.
MR Wales is preparing to act as head of the judging panel at the Tech entrepreneur week in December, where 800 delegates including 200 investors and hundreds of small companies, exchange ideas.
East London where the Government is trying to build its own 'TECH CITY' to rival Silicon Valley has attracted dozens of internet firms.
Google recently unveiled plans to set up an office helping small firm there and the old street area has already been dubbed the 'Silicon roundabout' after dozens of dotcom firms arrived there.
Mike butcher of technology website TechCrunch also runs TechHub, a shared office space for start-ups just off Old street roundabbout. 'There is substance behind this' he said.
'London's starts-ups reference the cultural surroundings,fashion,music and arts really influence what people are producing.
'Historically people haven't been able to fail in the UK, and has been problem-in silicon valley people often get funding because they've failed and proved themselves, however it is changing now.
Silicon valley,south of Fransisco Bay has spawned technology glants such as Apple,Google,Yahoo and Intel.In recent years it has become the hub of the dotcom boom.
(EVENING STANDARD TUESDAY 11 OCTOBER 2011)