Why Only Silicon Valley?
Foremost, why create a start up in Silicon Valley? Which is more significant, creating a successful new business, or forming a startup in Silicon Valley in spite of the odds against success? An noticeable reason to create a start up in Silicon Valley is that a large number of efficacious startups have been created there.
Answer the following questions before starting any startup in Silicon Valley
Is that because you just want to be your own boss?
Is it because of the glamour?
Is it because you want to be “rich”?
What does “rich” mean to you?
Do you have enough experience to say that you would not be happy working for yourself making $100,000 to $200,000 per year?
Some Reasons To be In Silicon Valley
If you want to be in Silicon Valley because of all the exhilarating businesses and people in Silicon Valley, then make that be your objective. You don’t have to create your own start up. Go to school and/or get a regular job in Silicon Valley or at least in the Bay Area. Continue to save and build up your nest egg. Gain experience. Work for a successful startup and see how they do it. Work for a startup that fails and learn even more. Postpone your entrepreneurial adventure, but build a foundation of knowledge and experience for a higher probability of success.
In addition, the immense majority of successful Silicon Valley entrepreneurs attended college. The few who did not complete a degree typically were doing well in school and didn’t drop out until the business they created while in school was already successful and requiring full-time management.