Sunday, 11 March 2012

Silicon Valley

I was just wondering recently why I hear about 'Silicon Valley' everywhere. Everywhere in the news some companies are referred as 'Silicon Valley misfits' , 'Silicon Valley companies' , 'Silicon Valley start-ups' and I got really curious what does it mean...and why some companies are called like that and not by their names.

Silicon Valley refers to the southern part of the San Francisco Bay Area in Northern California in the United States. The region is home to many of the world's largest technology corporations.

Despite the development of other high-tech economic centers throughout the United States and the world, Silicon Valley continues to be the leading hub for high-tech innovation and development, accounting for one-third of all of the venture capital investment in the United States.

Top 20 companies
Looking at the brand logos it is easy to understand why Silicon Valley is such a popular term in the news, especially recently. Everyone is just talking about these companies! Also these companies has exceptional buildings and offices - no wonder - they are representatives of the companies!

Why it is such an interesting place?
Ideas flow in the valley like a river. There are numerous technical, business, and entrepreneur groups everywhere. There are breakfast clubs, lunchtime roundtables, meet-ups, and evening pitch sessions. There are so many of these meetings and events that one has to be very selective in choosing which to attend. An entrepreneur can find someone to talk to almost anytime, anywhere-24/7/365. People present their ideas at meetings; they talk with colleagues and potential investors about them; entrepreneurs gather feedback and refine and hone their ideas. Product concepts and new business models are bantered about on a huge scale. It's a regional brainstorming meeting. This is the reason why, when an idea emerges, there can be dozens of start-ups funded to pursue the same product.

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