Parts of Silicon Valley have experienced a wave of thefts in the first six months of 2012.

WSJ: Steve Jobs's House Burglarized

Network carriers in particular are scrambling to compete with the new wave of mobile upstarts that have turned Silicon Valley into Smartphone Valley in less than 3 years.

FORBES: mHealth: The Next Frontier For Mobile Service Growth

Liquid Robotics, the Silicon Valley startup that makes the surfboard-sized robot called a Wave Glider, announced Wednesday that Papa Mau arrived off the coast of Queensland, Australia, on Nov. 20 after surviving storms, sharks and 25-foot surf while its solar-powered sensor arrays collected terabytes of data on ocean and atmospheric conditions during the year-long journey.

FORBES: Ocean Robot Completes Record-Setting 10,000 Mile Journey

Or maybe Silicon Valley will learn the hard way that no regional economy has the birthright to lead the next wave of innovation.

ECONOMIST: High-tech America

Most of the world lets Silicon Valley lead and then replicates its ideas, saturates the market, and fizzles until the next wave of innovation appears.

FORBES: Who Can Compete With Silicon Valley?

The phenomenal success and celebritization of Silicon Valley tech entrepreneurs like Zuckerberg, Dorsey, Page, Brin, and others has created a wave of would-be startup billionaires dreaming of Gulfstreams and Maybachs.

FORBES: What Drives The Best Entrepreneurs? Hint: It's Not Money