Skip to main content

Why is Silicon valley the cradle of technology, wealth and world top tech companies

Michael S Malone, technology journalist and author
Silicon Valley is not so easy to replicate.
One reason is time: the Valley is also the oldest high-tech community on Earth. Begun in the Packard garage seventy-five years ago, it has had more than seven decades to figure out every nuance and fill every niche of the digital world.
A second reason is location: Silicon Valley, as Santa Clara Valley, was a largely unpopulated agricultural area at the end of WW2, with cheap land and a great city nearby.
It benefited greatly from the migration of Americans, especially veterans, west to California and into the new jobs in aerospace and electronics.
The third reason is infrastructure: there are few places anywhere that offered a full range of educational institutions from trade schools, to mid-level colleges, to the two great universities, Stanford and Berkeley.
All of these factors combined to create a fourth reason for the success, and singularity, of Silicon Valley: culture.
The Valley didn't come freighted with old attitudes and cultures, but was free to create one of its own: risk-taking, multi-cultural, meritocratic and most of all, entrepreneurial.
Underlying everything is an acceptance - even an admiration - of good failure.
Paul Saffo, Discern Analytics
The secret to Silicon Valley's success? We know how to fail and we have been doing it for decades. Failure is what fuels and renews this place. Failure is the foundation for innovation.
Failure is essential because even the cleverest of innovations - and businesses - fail a few times before they ultimately succeed.
Consider Google: at least half a dozen other companies tried to turn search into a business, but Google was the first to crack the code and turn search into a huge business.
And even when companies succeed, the only way to survive in the long term is to flee into the future by relentlessly innovating.
Apple all but killed off the iPod at its peak by turning the iPod's music function into a feature incorporated into the iPhone when it was introduced in 2007.
Apple happily killed its own product because if Apple hadn't done so, another competitor would have done it for them.
Failure is what makes Silicon Valley's success to hard to replicate. Would-be competitors only see, and try to copy, the Valley's success.
But to succeed you need an ecology of fearless players from venture capitalists to banks, suppliers and myriad other supporting businesses unafraid to risk all by helping with often flakey and unpredictable start-ups.
So if you want to be the next Silicon Valley, don't copy our success. Learn to support and encourage novel and ultimately successful failure.
Vivek Wadhwa, entrepreneur, academic and author
Regions all over the world have tried to copy Silicon Valley, but none has succeeded.
That's because they have focused on trying to recreate its venture capital system, universities, or start-up incubators
What they don't realise is that what really makes the Valley tick is its culture of risk-taking and information sharing; people-to-people networks; openness to new ideas; and diversity - more than half of its innovators are foreign-born.
It also helps that Silicon Valley has excellent weather, is close to mountains and the ocean, and has a myriad of state-park hiking trails - these help foster a culture of optimism, openness, tolerance, and sharing.
These are the ingredients that can't easily be recreated.
Venture capital only follows innovation, it goes where the opportunities for building wealth are, it doesn't create new opportunities

http://www.bbc.co.uk/news/technology-26041341

Comments

Popular posts from this blog

Communist party launches 'China Operating System' to oust iOS and Android

hina officials have launched a national operating system in an attempt to take back control of the country’s computer market from American companies such as Google and Apple. The software has been in development for more than a year, but has been released at a crucial time with revelations about US-led surveillance sparking fears over the integrity of American-designed software. Known simply as the China Operating System, or COS, the software can run on PCs, tablets and smartphones and has been based on the open-source Linux operating system. Chinese media say that the OS has been created “entirely independently” in order to provide better localization for a range of features – from Chinese-language keyboards, to integration with the country’s banks. At the launch of the event, one of the developers involved with the project reportedly criticized Western software , saying that Apple’s iOS was too closed, that Google’s Android OS suffered from fragmentation (ie, too many versi

Best IELTS and English language training institutions in Hyderabad

IELTS stands for International English Language Testing System. As the name implies it is basically an English test for testing the proficiency of the language in an individual.  Training for IELTS can be taken to pass the IELTS exam or to develop good english language skills. I am giving the training institute addresses for Hyderabad. The test system is jointly managed by the British Council,IDP education ltd and University of Cambridge ESOL Examinations and more than 1 million candidates are taking the exam all over the world. The test has two versions : 1. Academic 2. General training Academic  version is for people who plan to continue their higher education by enrolling in universities in countries like US,UK,Australia,Canada,New Zealand etc.The academic institutions in these countries consider the IELTS score as a criteria for the admission process. General training is mostly for immigration purposes in countries like Australia,New Zealand,Canada etc. It may also be u

How to avoid injurious sitting posture at work? Take care of Ergonomics

The impact of poor consideration of these, as well as other, ergonomic elements can be very hazardous to our  well-being. Some of the effects include increase chances of suffering from carpel tunnel syndrome, decreased eye sight, cramps in our joints, strain from overworking certain muscles and joints,  and decreased blood-flow circulation. Work productivity also decreases when we are in environments that are not designed for proper ergonomics. One other important thing to consider is the lighting levels in the space. I actually did not even think of this as an ergonomic design issue, but it truly is.  Our eye muscles are the most used muscles in our entire body.  We use our eyes in every situation throughout our entire day.  Poor considerations for lighting causes very negative short and long-term effects.  It is recommended that we use mixed levels of lighting in our environments. This allows for multiple options for each user depending on his or her preferences and physical nee