viernes, 15 de julio de 2016

Where is the future of tech?


“For decades Silicon Valley has served as a tech mecca, and blue chip firms such as Facebook, Apple, and Google headquartered there are constantly in the news. However while tech worker interest in Silicon Valley is strong, it’s hardly the only place tech workers see opportunity—not by a long shot." —Indeed's report on high-demand tech professionals. [Indeed]

By The Numbers

Percentage of tech workers who plan to leave their current jobs for another opportunity in the future. [Indeed]

Percentage of tech workers who consider working in Silicon Valley to be "not important." [Indeed]

Percentage of all U.S. venture capital that goes to the Bay Area in 2016. [WSJ]

Percentage of all U.S. venture capital that went to the Bay Area in 1995. [WSJ]




"Why not choose both?" you might ask. What starts as a low-cost, local business can eventually scale (at some risk to investors) as demand increases. This is true, but it's also useful to divide businesses into different categories, with "low-cost" at one end and "high-risk" at the other. Why would an entrepreneur favor one over the other? Here are some responses from the thread:
  • Low-cost business

    -Better odds:  A low-cost business is more likely to have a return on investment, albeit a much lower return than that of a successful high-risk startup company.
-Work/Life Balance: Many low cost business have small staffs and the owner "does it all. But many high-risk startups require injections of personal funds to stay afloat. Compare what you think your business requires and what you and your family are willing to agree to. Low-cost can also mean low-stress.
  • High-risk startup

    -Ambition: If you have ambitions to be something more than just your average Joe entrepreneur running a hot dog stand, then you have to take risks. Launching a startup is your chance to aim big and produce a product or service that changes the world.
    -Income: Most startups assume the founders and the key team members work for little or nothing for the first year or two, while other businesses starting generating revenue for salaries much earlier. What is your own personal financial situation?
What do you think? What type of business would suggest to other entrepreneurs—especially those just dipping their toes in the water? Please let us know!


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