Why is the US investment in Internet entrepreneurship concentrated in Silicon Valley?

For most technology entrepreneurs, it is no exaggeration to call Silicon Valley "the Jerusalem of technology industry practitioners". Ordinary people may simply think that Silicon Valley is a place where excellent technology companies are constantly born, but for you reading this article at this time, Silicon Valley is a lingering concept. Just as it represents culture, Silicon Valley is a vision that combines cooperation, competition, open innovation, failure and tempering. Of course, it is also a witness who has witnessed the existence of a technology company for hundreds of years or even immortality.

Compared with these late-start cities, the vigorous growth of early technology companies has created today's ecosystem. In Silicon Valley, there are more entrepreneurs, engineers, investors, designers, service providers, universities and other infrastructure than other places. In the past, it was precisely because these factors existed and multiplied earlier that today's Silicon Valley was created. In addition, the habit of early Internet users willing to share and feedback experiences not only created experience for enterprises that grew into giants, but also provided reference for entrepreneurs now.

Not every startup has received investment, but it is rare in the San Francisco Bay Area. In the United States, entrepreneurs in only two cities can attract investors to this extent, one is Silicon Valley and the other is Seattle. Moreover, "65.438+0 billion dollar clubs" will often appear in these two cities. Know the secret? Because real giants will create an ecosystem that transcends themselves and sneak into every corner of people's daily lives. It is these companies that can easily attract talents, make acquisitions, invest heavily in research and development, and create systematic revenue. In contrast, investors in other regions may have to wait until 10 years or even longer to get benefits from startups, which they don't want to see.

There is no evidence that Silicon Valley can avoid this cycle, but in Silicon Valley, almost all entrepreneurs realize that only by becoming a big company can they attract talents and capital, which is their goal. Many times, entrepreneurs have reason to accept a 9-digit or 10-digit offer, but if you say that Silicon Valley is different from other places, it is that Silicon Valley people know how to say "no".