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Editor's Note: Is the Valley still tops for entrepreneurs? Rebecca Weeks sure thinks so.
ANYONE OUT THERE WANT TO DISAGREE?
You’ve got a ground-breaking idea, a solid business plan, encouragement from friends and family, and enough cash to live on for three months. Now what do you do? You move to Silicon Valley as fast as you possibly can. Why?
1. Intellectual capital
You need access to outstanding human capital who can – like
you – wear several “hats” at one time, right?
2. Resources within reach
There is no region with more easily accessible and
knowledgeable support for entrepreneurs than the Bay Area. Financing is
omnipresent, and I’m not just referring to the large venture capitalists on
3. Free networking
On any day of the week you can find a group of professionals
in your industry sharing ideas, talking about best practices, listening to an
expert speaker, and collaborating. For example, digital media executives like me
attend events by San Francisco Bay Area
Interactive Group (SF BIG), Women 2.0,
New Tech Meetup, Dealmaker Media,
and dozens more. Even if you’re looking for other Ruby on Rails engineers who
4. New media adoption
Two-thirds of San Fransciso’s population have HDTV; half
know how to twitter; and one third maintain a blog. Admittedly, I just made up
these statistics, but seriously – they can’t be too far off. The Bay Area, as a
region, is far ahead of the rest of the country in broadband adoption at 76
percent, versus 47 percent of the total
As one blogger
new to San Francisco put it: “The Valley itself is Web 2.0 incarnate: a
Similar to how politicians are considered “celebrities” in D.C., in the Bay Area it’s entrepreneurs who are respected, encouraged, and put on a pedestal. To tolerate the unknown and these risk-takers aren’t just smart, they’re truly dynamic and brilliant. Take a look at who’s profiled in leading business publications – the founders of Salesforce, BlueLithium, Youtube, etc. No longer are serial entrepreneurs considered eccentric.
Nowadays, it’s the underdogs who are esteemed and sought
after. East coast based traditional media companies have been begging and acquiring
digital media and publishing startups right and left, thereby transferring the position
of power out west. According to a BDO Siedman study released in February, CFOs
of companies based in Silicon Valley were more optimistic than CFOs in other
regions, as fifty-nine percent of CFOs believe that merger and acquisition
activity in the tech sector will pick up, compared to only thirty-six percent
of companies not located in
Just when you think you’ve had too many late nights coding and
not enough fresh air, you can easily hop in the car and venture to dozens of
gorgeous Bay Area scenic spots that will get your legs and lungs pumping. You
can hike in Marin, ski in Tahoe, bike over the Golden Gate bridge, taste wine
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