Last week, I sat on a panel with Sarah Lacy and we discussed an array of topics from Web 2.0 startups to AOL acquisitions. We also discussed starting a company in Silicon Valley vs. everywhere else. This is something we actually debated about towards the end of the panel. Though I love the Valley, I don't think you need to be in Silicon Valley to start and run a successful business. I think it can help to be in the Valley but we have been proving through our TECH cocktail efforts that there are strong technology communities in a number of places and you can startup in any one of them. Sarah has since posted about it here and even challenges a smart DC company to prove her wrong.