Is Boston the next Silicon Valley?

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November 8, 2013, 9:18 am
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(NECN) - Social network giant Facebook is returning to the Bay State. The company announced plans to open an office in Cambridge's Kendall Square, a hotspot for start-up companies. The location will house a Facebook engineering team. So far, there’s no word on how many jobs could be created.

Ryan Mack, who will be running the Cambridge office, talked about why the social network chose Cambridge.

“Between universities here and great students and great resources, great start-up entrepreneurial community and with the established global organizations that are here as well...this is just a hot bed of technology and talent and that's what we need to continue to grow our business.”

Of course, Mark Zuckerberg launched Facebook just a few miles from Kendall in his Harvard dorm room. The company is now based in California.

For more on the move and the new Facebook office, we were joined in studio by John Gallaugher, associate professor at Boston College's Carroll School of Management.

Why did it take so long for Facebook to set up shop in Massachusetts?

“We’re really excited to see Facebook coming back; you know, we lament Facebook as being the one that got away, but there have been a few that have gotten away, too,” he says. “What’s really special, and what’s been happening in Kendall Square, it’s the only place in the world now where you can get off the subway, go to one of the world’s best universities and now go to the office of Google, Microsoft, Twitter, Facebook, Amazon…really big deal.”

What’s the reason behind that?

Gallaugher says there’s a lot of brain power in the hub and there are great universities.

“There are rumors that Apple has a secret lab down in Kendall Square where nobody knows things are going on,” he says.

Gaullaugher also talks about the quiet giant of Trip Advisor.

“If you wanna be in social, Boston is a really important place to be.”

Is Boston number two behind Silicon Valley?

“We are. We’re a really strong player and in fact we’re going to grow more. I’m really optimistic about the prospects for the hub in the future. This is the golden age of collegiate entrepreneurship. And in fact you can build a business now off of beer money.”

Tags: Boston College, Facebook, silicon valley, cambridge massachuestts, john gallaugher
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