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You don't need a Sand Hill Road address to bring venture capital to your area -- and IT executives who nurture a vibrant startup ecosystem reap big benefits.

If asked to pinpoint the geographic center of venture capital activity, knowledgeable people get rather specific: the legendary Sand Hill Road in Menlo Park, Calif. Ray Rothrock, former chairman of the National Venture Capital Association, leaves no room for doubt about the area's importance: "Entrepreneurs are everywhere, but most of the venture capital is on Sand Hill Road."

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