An area of California that has become synonymous with tech startups and high-stakes investment, Silicon Valley is a region that continues to attract startups from across the globe thanks to its strong established pedigree of success stories. From Apple and Google to Intel and Adobe, every major tech company worth its salt is based in Silicon Valley and with good reason. It’s a hotbed of innovation that has essentially built and maintained its own legacy. But how did it come to be the 21st century equivalent of the California Gold Rush?
Silicon Valley is uniquely placed geographically between the academic pillars of Stanford and Berkeley, so there is a constant flow of talent pooling into the area. It’s also remarkably simple to start a business under California law. So, the convergence of major tech minds and business convenience means it’s an ideal place for startups to… well…. startup.
The area in and around Silicon Valley is bursting with wealthy investors, which makes it a perfect platform for fresh business growth. Of course, the sheer volume of startups that originate in Silicon Valley every year might lead potential startups to believe it’s a lost cause, but even if you’re striking out 8 times out of 10, you have more chance in Silicon Valley due to the number of investors who are willing to give wet-behind-the-ears entrepreneurs a chance.
San Francisco is a city so beautiful that countless songs have been written about it. The area was far from struggling before the tech giant came knocking. Indeed, the area is bristling with world-class hotels, conference centres and restaurants, which means that those wishes to court investors and clients are spoilt for choice.
San Francisco has always been revered as a cultural hub, but it is also renowned for being a city of acceptance and progress. This means it is an ideal breeding ground for new technologies that might be met with suspicion in other parts of the US. When it comes to such trends as self-driving cars, AI and space travel, this open and receptive environment is a real benefit.
With so many other tech companies in the region, there are more specific firms that are schooled in the specifics of Silicon Valley startup law. Firms such as Withers Worldwide have built their practices on protecting intellectual property and making deals between startups and tech giants.
Finally, what makes Silicon Valley so vital and so attractive for startups is the fact that the area is so rooted in technological success. There is something inordinately inspiring about being surrounded by success. Something that can be quite intoxicating, not to mention informative!
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