Silicon Valley is not a place it is also an idea. Almost 80 years ago Bill Hewlett and David Packard settled their garage they are good in innovation and ingenuity. They are been in the regeneration silicon chips, internet services and personal computers. But some of their inventions are unreasonable and illogical. But there other inventions are globally success like databases and cell phones, microprocessors in chips. His expertise in engineering knowledge, large capital funds and prosperous business networks, made Silicon Valley impossible to clone, despite many attempts to do so.
Last year more Americans left San Francisco Country according to a survey 46% said that they plan to leave Bay Area in the next few years. In 2016 34% already leave the Bay Area. So many startups plan to move new location that the trend has a name: “Off Silicon Valleying”(“ go to the off Silicon Valley “).
The highest-profile venture capitalist Peter Thiel is also from those who leave. Those who have broader view they stay there. Many of the investors start investing in start-ups from 2013 outside the Bay Area, now the figure is closer to two third. The reason for this change is many, but the cost of living there is among the highest in the world. The young startups have to at least pay four times more for operating in the Bay Area in comparison of other US cities.
From quantum computing to synthetic biology offer low margin than internet services. This is more important for start-ups to take care of their money. Other cities are also important in US. The Kauffman Foundation, a non-profit group is rank first startup in the US based Miami-Fort Lauderdale area.
Peter Thiel also moving to Los Angeles, Center of development of autonomous vehicles are now Phoenix and Pittsburgh; Shenzhen for hardware; London for Fintech and New York for Media start-ups. Great ideas are welcome anywhere capital is available for innovative ideas. Technology investors increase their interest in investing brilliant ideas and they are searching such great ideas around the world not in California.
We are really thankful for the tools, that Silicon Valley firms themselves have produced, from smart phones, through messaging app, to video call teams can work from different places and offices. This place makes things remarkably well. The 2% of the funds distributed by venture capitalists last year for the start-ups founded by women’s. In 2017 22%funding raised in US states that is less than 2012. Start-ups having difficulty to hiring talent. When the chances of success for an enterprise is very less, the activity and progress suffers, and not only in Silicon Valley.
This same activity is going in China, where Alibaba, Tencent and Baidu invest in the half of the start-ups local ventures.
Due to increase in antagonistic policies in the West innovation leveling down in second way. Silicon Valley initially grows in vigorous way. In US spending in public universities and Europe fall down due to financial crisis from 2008. As per research 0.6% of GDP in 2015, spend by the US in research and development. Tim Ferriss an entrepreneur and investor from Silicon Valley also moved Austin, Texas in 2017.
He is an IT engineer and a tech geek having 13+ years of writing experience in the technology field. He is passionate about upcoming technology and loves to write on the technology niche.