Wednesday, April 02, 2008

Main reason why the Silicon Valley is such a great land for entrepreneurs

I had this feeling since I moved here in the Silicon Valley. Historically, the San Francisco bay area is a land of entrepreneurship, with a lot of start up blooming everywhere, taking advantage of the web 2.0 development. But why is the Silicon Valley so attractive for entrepreneurs from all around the world? Of course, you have the climate, which is great. Not too hot in summer, not too cold in winter, you are also located close to the see and the mountain (with the Lake Tahoe). You also have a great stimulation and entrepreneurship atmosphere, since start up are everywhere. You are at ten minutes from Google, Ebay, Facebook, LinkedIn or Microsoft for example.

But one of the key thing, and biggest difference with France, is the funding capacities of the Silicon Valley. I saw today some stats from a report by the Bay Area Council Economic Institute, about the venture capital per capita here compared to some other countries and towns in the world. The Bay Area has way more venture capital per capita than any other places in the world.


Here in the valley, finding funds to finance your start up is not a problem at all. You will always find business angels and VCs to support your project, as long of course that it has a potential.

This is something that really misses in France in my opinion to develop entrepreneurship.
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