Silicon Valley
However, there was almost no civilian "high-tech" industry in the area. Although there were a number of excellent schools in the area, graduating students almost always moved east or south (that is, to Los Angeles County) to find work. This was particularly annoying to Frederick Terman, a professor at Stanford University. He decided that a vast area of unused Stanford land was perfect for real estate development, and set up a program to encourage students to stay in the area by enabling them to easily find venture capital. One of the major success stories of the program was that it convinced two students to stay in the area, William Hewlett and David Packard. In 1939, they founded Hewlett-Packard in Packard's garage, which would go on to be one of the first "high tech" firms in the area that was not directly related to NASA or the U.S. Navy.