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Sounds like a great place to live, but you haven't listed anything particularly advantageous to startups vs any other kind of business. The reasons why SV, NYC
by SkyMarshal 13y ago
Sounds like a great place to live, but you haven't listed anything particularly advantageous to startups vs any other kind of business.
The reasons why SV, NYC, and a handful of other places attract startups en masse:
1. First and foremost, high concentration of local investors with the right risk culture - they're both financially and emotionally able to invest in, say, 100 startups, knowing 90 will fail and lose all their money, 9 will just break even, and maybe 1 will be Google or Facebook and make back all their losses and then some. Very few places in the world have internalized that understanding of risk throughout their entire culture, but it is absolutely required for a flourishing startup scene.
2. High concentration of good bets, aka smart/skilled/highly educated/etc people capable of building new businesses with a potential 10x, 100x, or more payoff, and willing to forgo a comfortable corporate salary to sacrifice everything for a few years to do that. Typically young kids without families and mortgages, but not exclusively so. Again, very few places in the world have a high concentration of such highly skilled people willing and able to accept that opportunity cost.
3. Enough skilled and experienced talent who may not be willing/able to do a startup, but are willing and able to join one and build it up once it gets some funding or revenue and is over that initial risk barrier.
4. Helps to have some world-class something or other, be it a city like NYC or a university like Stanford, or even just a freewheeling creative culture with enough local money Austin (I suspect from both Dell and the TX oil industry).
In fact, without knowing much about Imperial Valley, your best model might be Austin, TX. Both NYC and SV benefited local and history (NYC), and war research funding (Stanford/SV), both of which played out over a very long time. They weren't made overnight. Austin might be a better model of how to grow a startup scene from scratch, but not sure. I also know Charleston, SC is working on incubating a startup hub, and NC's Research Triangle Park has been a hub of sorts for a while, but with more emphasis on medical/biology. Maybe some of those can give you some ideas.
[1]:http://www.fastcompany.com/1839445/introducing-silicon-harbor-charleston-sc-home-twitpic-and-amazons-createspace http://www.fastcompany.com/1839445/introducing-silicon-harbo...
- orware 13y agoHi SkyMarshal, thanks for the reply! While I'd like to be that person that brings the startup culture down here, I don't know if I'm the right guy for that job. Mainly, my post was probably a poor attempt at simply letting people know that there's a pretty cool place down in Southern California that might be worth investing in (or in other words, encouraging one of those VCs and startup oriented folks to take a small risk in basing their business down here instead of in the Bay). Essentially, importing the talent from Silicon Valley to the Imperial Valley :-). Ideally, that would be the best thing, because I think that would build the culture more quickly (assuming people liked our weather). However, while I was crossing my fingers, I wasn't expecting a whole bunch of responses to my post, so I'll probably take some of your advice and see what I can learn about the Austin startup scene in particular and see how they may have grown it organically over time.
- SkyMarshal 13y agoYeah, never say never. One thing Charleston, SC has done/is doing is trying to become the tech startup hub of the entire Southeast (vs the med/bio hub), so you might potentially be able to do something similar - startup hub of Southern California. Then get the government to go all out into providing the incentives, infrastructure, and social life necessary to attract such a culture. Oh, also check out Coalition for Queens, they're trying to turn Queens borough of NYC into a startup hub too: http://www.coalitionforqueens.org/ http://www.coalitionforqueens.org/ Maybe some more ideas there.