While in the process of migrating some of my earlier blog posts to this domain, I discovered that a couple posts were relevant to entrepreneurship, specifically entrepreneurs in Silicon Valley and startups within that region. I recall when writing those specific posts that I felt there was a certain magic or mystique surrounding that region, and I still believe this to be true.
Businesses that come out of Silicon Valley seem to have this unique look and feel. The websites are nicer. The products are innovative and disruptive. The founders have an edge to them. Of course this isn’t true across the board, but in general there is definitely something unique about the culture. Maybe there’s something in the water.
Just recently I had read that a number of old money banks are beginning to establish a brick and mortar presence in Silicon Valley and are hiring local talent. Apparently many of the high fees that many of these existing institutions have been accustomed to collecting are vanishing due to the disruptive business models that are emerging from Silicon Valley.
American automobile companies are also setting up shop in Silicon Valley. Apparently companies such as Tesla are disrupting the automobile industry and they are at a loss on how to keep up. It appears as if automobile companies believe by setting up in Silicon Valley that the innovative spirit may rub off and drive their own innovation. I suspect that it’s not that easy, there’s a reason why startups have a tendency to disrupt existing business models and ways of doing things.
I am also becoming increasingly aware of individuals who have literally dropped everything and headed west to Silicon Valley. A couple that come to mind are Steve Blank’s story that he has discussed on his blog and a recent article I had read about a former CEO of Seagate dropping executive leadership for creative entrepreneurship. This really intrigues me and I am interesting in learning more.
If there is anyone out there who stumbles upon this article and has made the move to Silicon Valley I would be interested in your experience in the following areas:
1. What age were you when you made the move?
2. Why did you move to Silicon Valley?
3. Did you have an income to support yourself when you arrived in Silicon Valley, or were you literally starting fresh to pursue a dream?
4. How is Silicon Valley different from other locations you have lived?
5. Upon arriving in Silicon Valley what was your first act? How did you establish yourself beyond that?
6. In hindsight did it work out for you?
If you prefer not to share via a comment on this blog feel free to contact me via info(at)jrsedivy.com and I will keep your responses in strictest confidence. Alternatively, if you have an interest in gaining additional exposure I would be happy to feature you and if applicable, your company here in a future article in exchange for your time and sharing your experience.
1. Silicon Valley Business Journal. How Former Seagate CEO Bill Watkins Stopped Chasing Money and Started Making Some: http://www.bizjournals.com/sanjose/print-edition/2014/02/07/watkins.html?page=all
2. Silicon Valley Business Journal. Why Big Banks Fear Silicon Valley – And Want To Learn Its Ways: http://www.bizjournals.com/sanjose/news/2014/04/07/why-big-banks-fear-silicon-valley-and-want-to.html
3. Steve Blank: http://steveblank.com/