What is Bit Valley?
Bit Valley is a district of Shibuya, a suburb of Tokyo, which housed many of Japan's internet startups during the dot-com boom. The name Bit Valley is a game about the English translation of Shibuya (bitter valley) and the computer term 'bit'. Bit Valley was seen as the Japanese answer to Silicon Valley, but it didn't reach the size and scope of its US cousin before the dot-com bubble burst.
Bit Valley received heavy investments from Japanese companies that were groundbreaking in themselves. Before the 1990s, Japanese companies were very reluctant to invest in startups. Unfortunately, the dot-com bust has sunk many of the tech firms in Bit Valley. While there is still a tech presence in Bit Valley, Japan's postbubble tech and internet companies are not concentrated in a single location.