Steve Jobs and the Rise of Silicon Valley in 1981

April 26, 1981: Jobs, 26, comments on Silicon Valley's culture of risk-taking.
2:50 | 03/31/16

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Transcript for Steve Jobs and the Rise of Silicon Valley in 1981
United States technology has come a long way but no where as quickly as in California. Center of many new fads and innovations. Ken Kashiwahara reports on the latest technological find them. It is called a Silicon Valley and over the last decade it has become the land of high technology. The valley has grown out of tiny silicon chips which have revolutionize the computer industry. And spawned a thriving subculture call the entrepreneurial spirit. Like many young Californians Steven Jobs has a penchant for the western casual and the love of the scenic outdoors. And in the Silicon Valley jobs as the classic example of the computer industry's philosophy. Which says take a chance you've got nothing to lose. Six years ago working in this garage jobs on the high school classmate quit their positions at large electronic companies. And using tiny silicon chips built this small computer board. It became the technical core of the Apple Computer oh lead to a quarter billion dollar business and the most popular typewriter sized computer on the market today. Jobs is now only 26 years old is Apple's chairman of the board and is successful he says because of the silicon valley's entrepreneurial risk culture. The penalty for failure. For going in trying to start a company and its values nonexistent there really isn't the penalty for failure either psychologically economically. In the sense that if you have a good idea he goes brought to start your company even if you fail. You generally considered worth more to the company you left because you've gained are as valuable experience in in many disciplines. Good afternoon grid systems. With apple as a role model grid systems and more than a hundred others so called startup computer companies are taking a risk to. Carl knock a moral left a promising future at Hewlett-Packard to gamble on grid. Glenn Hayden and Barry Marge room quit apple. And John Allen be resigned his secure job at Xerox and used his life savings to organize the grid company. I think except in the risk is is constantly on finesse and massive that is true and defense that I think the intensive Hammurabi destitute failed Welsh Ryan is my life savings. Not lose a lump in my house. Might continue to drive around chronic. That I couldn't it's going to be inclined. The grip computer is scheduled to hit the market next year and wary of competition company officials will only say it will be portable and aimed at small businesses. So the entrepreneurial spirit is alive and well here represented by all these startup companies that are after a piece of the technological Clive. It is a spirit that appears to say. Look out apple. Here we come. Ken Kashiwahara ABC news in the silicon valley of California.

This transcript has been automatically generated and may not be 100% accurate.

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