Does being in Silicon Valley actually increase a startup founders chance for success? Start a fully remote company.
A friend of mine in that area gets a ton of networking done in person, visiting mixers held by Google and Meta, etc. It hasn’t worked for her mostly because she’s… kinda bad at good ideas, but damn she’s good at getting free tech interns and knowing a guy who knows a guy with endless wealth who will at least hear your pitch deck.
I’d say that would tip the scales for a tech startup over a remote one, although location alone isn’t going to earn you those tech innovation bucks.
From the article:
“If I was a 22-year-old founder starting something I’d go to Silicon Valley because it’s going to increase your odds of success,” Gurley said, adding that it is easy for people to get distracted in Austin because they might be having too much fun and not focusing on building their businesses. “I think there’s a question whether you attract the most determined founders.”
No fun allowed.
sundrei@lemmy.sdf.org 1 year ago
Silicon Valley is where all the VCs are. They make a lot of their funding decisions based on whether they like hanging around with a founder or not. You’re more likely to get money out of them if you’re fun to drink beers with than if you have a great business plan.