It is located in California, US and it is in San Francisco bay area. The biggest Sillicon Valley cities are San Jose, Palo Alto, Santa Clara, Mountain View and Sunnyvale. The state California has a higher GDP than UK, which makes the world 5th biggest economy, although it has only 40 million population compared to the 65 million people in UK. A very productive state. Sillicon Valley itself has 2 million people. The name silicon refers to its industry it focuses on.
It is the world biggest startup hub with 8 billion investment from VCs, which is about half of all US VC investments. Many IT companies started from there like Intel, Google, Facebook etc. US Americans have a very good sense of doing business. It’s not only in high tech, they are striving in, but also in food. They are also able to sell worldwide burgers, fries, coffee, pizza etc. #McDonald’s #Starbucks #PizzaHut etc.
One of the remarkable cases, that YouTube in 2005 received $11.5 by Sequoia Capital and a year later it was sold to Google for $1.65 billion. A more recent case was with Instagram. In 2010 it got funded with half million $. After adding their app in the app store, it got $7 million funding in 2011. A year later it released an Android app and got $50 million of funding and soon enough Facebook bought Instagram for $1 billion. US Americans really know, how to do business. A famous startup accelerator Y combinator doesn’t even look at your business plan, if you don’t have a cofounder. Why? Because they know, that it is way more likely, that you fail without a cofounder. Besides Sillicon Valley has a famous university called Stanford, which is ranked a 2nd best university right after Havard.
They have the technology. They have the knowledge, the right mindset in order to succeed. Failure is inevitable, so they are not afraid to take the risk. Calculated risk to invest in it. Thanks to that, there are many great companies out there providing great products and services to the world e.g. the iPhone, Google, Facebook etc. that is able to disrupt many industries. God bless the US Americans. I hope, you like this article. To stay up to date. Just like my Facebook Fanpage: The Doan’s Blog. Further reading: What is SEO? Most popular blog article: International money.