I’ve visited many-a-region that have interest in creating their own “Silicon Beach/ Mountain/ Cliff/ Island/ Plane/ Desert,” and that is truly wonderful. Along the way, I’m often asked what makes Silicon Valley successful?
The elusive recipe need not be hidden in a vault, or be passed on down from Nana to her next of kin. Here’s a tried and true recipe that was handed down generation-to-generation in Silicon Valley for sixty plus years. Yes, it’s a family secret, but I’ll share it with you now.
INGREDIENTS:
- A culture that embraces failure. Only 5% of startups win, but they win big, embracing the other 95% required for persistent innovation.
- Ample education in technology & entrepreneurship. Successful tech regions have multiple colleges and a culture of continual learning.
- Plentiful Venture Capital — not just Gov money. Free market VCs are needed to bolster community as Govs can create friction for startups.
- Successful entrepreneurs re-invest — not retire. Once a CEO cashes out they mentor others and invest funds back into the ecosystem.
- Density of population to foster serendipity. Most innovation happens in urban areas, which fosters a higher intersection of people and ideas.
- Attractive quality of life. Talented workers can work anywhere, so attract them with diverse culture, temperate weather, quality lifestyle.
PREPARATION:
First, place all ingredients in one large bowl, use a mixing machine, stir vigorously on high for 3 years — lumps are ok.
Then, pre-heat oven on low, insert ingredients on a greased pan, and bake for 5 years. Remove from oven, let cool for 10 years as it rises.
Any dish becomes bland if served the same way, so add flavor from a diverse set of founders and workers, spanning gender, race, and more.
As garnish, whisk in some tech bloggers, sprinkle in some eccentric founders, and grind in a fresh industry analyst or two.
Serve warm, serve generous, and enjoy the sweet taste of innovation with those around you.
Congratulations, you’ve just baked your own Silicon Valley.
May 21, 2017 at 03:55PM
from jeremiah_owyang
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