In her own words, it is, “Very interesting (and)…although nothing new, but to see it being said again by a young man in 2007 makes it worth paying attention to. “
The piece is written by Kulveer Taggar, CEO of boso.com and he writes about why he moved to Silicon Valley and why California is the place for those with entrepreneurial spirits.
Kulveer cites a few reasons behind his move:
• Chance meetings and chance conversations
• Expensive London
• Competition for talent in London (with I-Banks and consulting firms)
• Difficulty in raising capital
He also mentions how in California:
• The spirit of co-operation is strong.
• “Networking” isn’t something that has to be organised or encouraged, it just happens.
• The weather is great and the vibe is friendly, optimistic and ambitious!
• Big thinking is encouraged and not frowned upon as is sometimes the case in London
While Silicon Valley no doubt is “a great place to start a company because there is more capital, a bigger talent pool , and because the most important companies and people are here”, I really think that Kulveer is a bit harsh at times, e.g. “The risk appetite amongst British investors is low, and it was also frustrating that I often ended up educating investors about the internet in general.”
Below are some excerpts from Saul’s excellent post…but do try and read the original in full and also the comments….lots and lots of good thoughts there… Keep Reading…