The growth of venture capitalism in New York and London is interesting. Silicon Valley doesn’t really get cool. Compare products and websites developed in those places. Steve Jobs [at Apple] is one of the few design-oriented people in Silicon Valley, which is why he’s been able to push things forward. As we start moving up the stack, and ask how we bring museums online, how we fund music, how we make art projects, it’s very difficult to find people in Silicon Valley who understand those ideas and that sensibility. A lot of innovation is shifting to New York and London.