- Created by: Weent19
- Created on: 08-09-21 11:25
Silicon Valley has been at the forefront of technological innovation since before the internet. It’s so entrenched in the psyche of tech workers that it is nearly impossible to mention the internet without mentioning Silicon Valley.
From eBay, to Apple, to Google, the world’s biggest tech innovators and giants got their start here in the heart of the Bay Area. In fact, more tech startups have failed in Silicon Valley than have started anywhere else in the world. Leading app development companies like SDI and many others are headquartered in Silicon Valley today.
There are many other tech hubs in the world, but none of them come close to Silicon Valley and never will be held in the same esteem. We know this because Silicon Valley is still held up as the comparison point – Melbourne is the next Silicon Valley, or Tel Aviv is, or L.A. is…and so on.
Startups are even more successful in the Bay than anywhere else in California; startups in the Valley are successful 20x more often than the average throughout the state. Even more startling, they’re nearly 90x more successful than the lowest areas.
So why is Silicon Valley so popular? Why was nearly a quarter of all Venture Capitalist funding in the first part of 2019 invested in the Valley? Heck, even startups from elsewhere are coming to California just for the investment access! What’s going on here?
As far as we know, there was no ritualistic sacrifice of virgin computers to some unholy digital god. So there has to be real concrete reasons as to why startups are so successful here – reasons that can be turned into actionable advice for entrepreneurs worldwide.
This is a good place to start because no matter where you base your startup, you need to make sure that there is an appropriate support structure in place. One of the advantages of the Valley is that it has been at the forefront of innovation for so long that its support system is unparalleled.
One of the biggest and best features of Silicon Valley is the massive investment opportunity. As mentioned above, 25% of all investment in early 2019 was in the Bay Area – for…