Why do companies rush to Silicon Valley? I was reading an article in the New York Times the other day, and they spoke of something called the ” 20 minute rule” : investors would not put money into a company unless their headquarters were within 20 minutes of their own offices. Thus, in the past decade we’ve seen a flood literally spill into the Valley, including many star-brand companies like Linked-in, Box, and Facebook. So in short, the answer to why Silicon Valley? … is straight-forward: investors and talent. Companies move to this region because here they can find the best talent and literally walk into the offices of Sequoia or GreyLock and handle business.
Beyond this all, an important lesson is learned here. I learned this in my first startup– UrbanVisionary, where my close friend and former business partner, Ahmed ( http://www.acityofpearls.tumblr.com ) coined the “concept of alignment” one night as we nostalgically reflected on why our first venture failed.
We had a cool idea, but cool just isn’t good enough. We went to Launch Conference 2012, but it didn’t matter. We had five, ambitious co-founders, but it wasn’t enough. What mattered was how we all weren’t aligned. All five of us were in different cities, different worlds. G+ hangouts can only take you so far, and Life ultimately gets in the way. We were starved of capital, our tech guys inaccessible, and our gears all over the place.
It’s parable to a river. If it spreads its flow, it can never overcome the oncoming dam; however, if you concentrate, and align your energy, your flow, you can overcome any obstacle.
Pick a city, pick a team, pick a garage, align everything and just start working, and I promise that you’ll come closer to your dreams.