Learn more about personaldevelopment with this collection
How to create a positive work environment
Techniques for cultivating gratitude and mindfulness at work
How to find purpose in your work
We all know the failure rate of startups, about 90% over five years. And we know Silicon Valley might still be the dominant location in the United States for starting technology companies. Perhaps that is due to the venture capitalist’s insistence that companies they fund be in or move to Silicon Valley.
But as you consider the type of company you wish to start, you really should examine the importance of several factors outside of funding that could hedge your startup’s success. Where you locate your startup, even in the age of remote work, might actually be more critical than you think.
There is nothing like success to support success. For an ecosystem to thrive, you want to have a high number of successful and aspiring entrepreneurs.
They create support networks, organizations, and meetups and provide advice and mentoring to future entrepreneurs.
If you are creating a biotech startup, then you should be in San Diego, one of the largest thriving biotech regions in the country. Why? Because your ability to recruit top talent is greatly enhanced. So, as you consider your startup and what it needs at the core, does that talent exist in your selected city or region?
In the age of rapidly accelerating companies based on competition, your potential top talent could be coming out of the local universities. Choose an ecosystem that is graduating a diverse talent base that is critical to your company’s success. Recruit some of this talent as paid interns and recruit them to be your future employees.
Every entrepreneurial ecosystem needs investors. Study a potential region and look at the numbers such as capital invested, diversity of investments and overall growth trendline. Also, look to the type of investor that may be specializing in an area that your startup is heading.
Not a lot of founders look at this metric but again it could be critical to your startup’s ultimate success. If you are raising capital, you might need a burn rate or runway to attain your overall objectives. While you may want to be in Silicon Valley, all of the right ecosystem resources might be in Salt Lake City where the cost of living is lower and the potential burn rate is much longer.
While there are many cities and regions in the USA that are growing entrepreneurship rapidly, the list below contains the perennial leader, Silicon Valley and another region that has benefited from companies like Microsoft and Amazon and that is Seattle.
MORE LIKE THIS
Ready for the next level?
Read Like a Pro
Explore the World’s
Save ideas for later reading, for personalized stashes, or for remembering it later.
# Personal Growth
Take Your Ideas
Just press play and we take care of the words.
No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.
Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.
2 Million Stashers
Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.
This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!
Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.
Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.
Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.
I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!
Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.
Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.
Read & Learn
Access to 200,000+ ideas
Access to the mobile app
Unlimited idea saving & library
Unlimited listening to ideas
Downloading & offline access
Claim Your Limited Offer
Get Deepstash Pro
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates