Saturday, January 24, 2009

Silicon Valley - The technology entrepreneur's dream land

I read some article on Silicon Valley and it facinates me by the level of enthusiasm and oppurtunity every person inside the valley possesses. To start with all, the big companies fear the small startups. As one would state the fact that at one point of time they were also small startups. So what really made them BIG, one term sticks out i.e. Radical Innovation. Come see Apple, Microsoft, HP, IBM they all started something that did not exsist before or something that was overlooked.  So whats so special about Silicon Valley. Let begin by looking at the oppurtunities people over there possess.

First of all the valley is the market for ideas, it is a place where passion matters over experience. The Valley is full of talented people, the people who think that NEW is COOL and WORTHDOING. Where Equity talks as currency and if one is not getting shares in a startup which he works in then he is considered being screwed. Something new is the way of becoming something big and if you haven't been a part of a IPO you are still considered as a virgin. It is like investing in a high risk and high return porfolio. Because of this, killer oppurtunity attracts the best talent. One thing that you would notice common inside the valley is the the culture of Job Hopping. If you spend more than 2 years in a company then your career is considered to be over. So we have a case of resource attraction in case of startups where brillant ideas and initiatives attract the best talent.

Now what does actually support this startups is the biggest question. This are people with big pockets are the risk taking ability for making BIG profits.  The key indegrident to the success of the valley goes to Venture Capitalist who invest funds in this market of ideas. The valley is flooded with loads of capital and it is believed that innovation is a way to create wealth. Afterall it is the world of Agility, Experiment and Imagination.

But presently I feel that the valley is waiting for something big. There are many startups but all catering some small ideas and if any big idea comes up it is gobbled up by the bigger firm. So as big firms continue with thier incremental innovation what the valley really needs is a DISRUPTIVE INNOVATION. This would change the entire scene at the valley and open up more flood gates for investment and entrepreneurship.

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