The American boom in venture capital that began in the 1980s has both incubated and accelerated the commercial development of countless quantum industries: personal computers, Web software and social networks, to name three.

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The solution could be hardware like connected TV and smartphones or software such as apps or search companies and social networks.

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This will especially be true because of the rise of location based software and social media networks such as Google Maps, foursquare and Facebook Places.

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Law enforcers, shops and social networks are increasingly using facial-recognition software.

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For example, it is becoming increasingly common for every K-12 student to have a computing device, interactive whiteboards are now commonplace, cloud computing is lowering the costs for software implementation, and social networks are increasingly playing a part in our everyday social and educational lives.

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Silicon Valley is also home to a new generation of enterprise software startups harnessing momentum in cloud services, social networks, mobile computing and big data to introduce fundamentally new ways for businesses to do just about everything.

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Kin Studio mimics many of the user experience paradigms of the Kin's on-device software, including access to The Spot and a live connection to your social networks that allows you to send out unified status updates from your browser.

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