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 "@id": "https://wulfkaal.github.io/entities/silicon-valley",
 "identifier": "kaal:entity:silicon-valley",
 "name": "Silicon valley",
 "termCode": "silicon-valley",
 "inDefinedTermSet": {
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 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
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   "value": 2
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   "@type": "PropertyValue",
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   "value": [
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    "2025"
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3227967-006",
   "identifier": "kaal:claim:3227967-006",
   "text": "In early Silicon Valley the contractual mechanisms lawyers designed, together with the lawyer dominated market for reputation, reduced information asymmetries between entrepreneurs and investors and were necessary to bring the demand and supply sides of venture capital together effectively.",
   "abstract": "Finally, the contractual mechanisms and the lawyer-dominated market for reputation reduced the information asymmetries between the entrepreneurs and investors and, as such, were necessary to bring the demand-side and supply-side of \"venture capital\" together effectively.",
   "citation": "Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Legal Education in a Digital Age Why 'Coding for Lawyers' Matters (2018). SSRN: https://ssrn.com/abstract=3227967",
   "datePublished": "2018",
   "claim_type": "mechanism",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "venture capital markets with young and inexperienced entrepreneurs",
    "Silicon Valley from the early 1970s"
   ],
   "source_pdf_sha256": "f6e13b956f864ab32ec3305d095a35a127770327d75b3688f785cefc437d369f",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5454054-005",
   "identifier": "kaal:claim:5454054-005",
   "text": "The collapse of the metaverse boom forced Silicon Valley firms with metaverse exposure to pivot toward stablecoins and crypto-based rewards, replacing speculative virtual worlds with regulated, utility-centric fintech rails.",
   "abstract": "Following the 2021–2022 metaverse boom and bust in 2023, those Silicon Valley firms that had a presence in attempts to create the metaverse had to pivot. That pivot for many of those firms involved a move toward stablecoins and crypto-based rewards.",
   "citation": "Wulf A. Kaal, Liquid Equity Rewards (2025). SSRN: https://ssrn.com/abstract=5454054",
   "datePublished": "2025",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "firms that had invested in metaverse ventures during 2021 to 2022"
   ],
   "source_pdf_sha256": "9f53a865e6f0e5424640779df8f9b50923cd7d05649301dd4cc727144749b6e6",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'silicon-valley'. Derived node: a roster, not an adjudicated definition."
}