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<h1 style="text-align: center;">why Silicon Valley works</h1>
<h2>[WHAT]</h2>
<ol>
<li>] An essay on the fundamentals of what makes Silicon Valley succeeds at the startup game where others who attempt to emulate dont always have the same success. The biggest misconception about SV, the idealogy, what surprises founders the most and what to do to replicate SV success as well as SV's biggest weakness</li>
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<h2>[WHY]</h2>
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<li>] The <strong>natural state of a start-up is to die</strong>; most start-ups require multiple miracles in their early days to escape this fate. But the density and breadth of the Silicon Valley network does sometimes let start-ups cheat death.</li>
<li>] Silicon Valley works because there is such <strong>a high density of people working on start-ups and&nbsp;they are inclined to help each other.</strong> Other tech hubs have this as well but this is a case of Metcalfe&rsquo;s law &ndash; the utility of a network is proportional to the square of the number of nodes on the network. Silicon Valley has far more nodes in the network than anywhere else.</li>
<li><strong>] biggest misconception -</strong> you need to have pre-existing connections to get value from the network</li>
<li><strong>] Ideaology - If you build something good, people will help you.</strong> It&rsquo;s standard practice to ask people you&rsquo;ve just met for help</li>
<li><strong>] founders biggest surprise</strong> - what surprised them most about going through YC, and a common answer is the degree to which YC is a &ldquo;meta-company&rdquo;.</li>
<li><strong>] This seems like the future to me &ndash;</strong> large groups of independent companies, loosely tied together.</li>
<li><strong>] how to replicate the success of Silicon Valley elsewhere</strong> -</li>
<ol>
<li>Most people realise that the world of start-ups benefits tremendously from network effects, and think it sounds impossible to replicate the necessary density anywhere else.</li>
<li>But <strong>my experience suggests it&rsquo;s probably doable with <span style="background-color: #ffff00;">a few thousand people</span> and <span style="background-color: #ffff00;">a reasonable amount of capital</span>.</strong></li>
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<li><strong> ] two other things:</strong></li>
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<li>] an area where the majority of people care most about start-ups and technology, and a</li>
<li>] focus on long-term compensation. - A focus on making a lot of money in the long term at the expense of short-term opportunities is essential to building companies that have a huge impact &ndash; they take a long time.</li>
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<li><strong>] the biggest weakness here right now</strong></li>
<ol>
<li>] wildly-out-of-control housing costs, which is probably ).</li>
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<li>]</li>
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<h2>[WHERE]</h2>
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<li>] <a href="http://blog.samaltman.com/why-silicon-valley-works" target="_blank">http://blog.samaltman.com/why-silicon-valley-works</a></li>
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<h2>[WHEN]</h2>
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<li>]</li>
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<h2>[EXAMPLE]</h2>
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<li>]</li>
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<h2>[HOW-TO]</h2>
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<li>]</li>
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<h2>[REFERENCE]</h2>
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<li>]</li>
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<p><strong>comments</strong></p>
<p>- MAJORITY why sv doesnt work</p>
<p>- primarily complaining about the HIGH cost of living</p>
<p>- some have LEFT for greener pastures, but even more continue to flock into</p>
<p>- some are bitter about the long commutes, traffic congestion,</p>
<p>- some QUESTION - the "biggest misconception" is that you "need to know someone"</p>
<center></center>
<div style="margin-top: 2px; margin-bottom: -10px;"><span class="comhead"><strong>] <a href="https://news.ycombinator.com/user?id=AndrewKemendo" target="_blank">AndrewKemendo</a>&nbsp; </strong><a href="https://news.ycombinator.com/item?id=8552981" target="_blank"><strong>link</strong> <br /></a></span></div>
<p><br /> <span class="comment"><span style="color: #000000;">Sam misses some hugely critical pieces, for example:</span></span></p>
<p>1. Good IT infrastructure</p>
<p>2. Plurality of high tech companies' headquarters</p>
<p>3. Proximity to major technology focused academic institutions</p>
<p>4. Legal infrastructure that enables innovation</p>
<p>All discussed previously here:</p>
<p><a href="http://www.enterpriseirregulars.com/25271/silicon-valley%E2%80%99s-defining-characteristics/" rel="nofollow" target="_blank">http://www.enterpriseirregulars.com/25271/silicon-valley%E2%...</a></p>
<p>and here</p>
<p><span style="color: #000000;"><a href="http://papers.ssrn.com/sol3/papers.cfm?abstract_id=124508" rel="nofollow" target="_blank">http://papers.ssrn.com/sol3/papers.cfm?abstract_id=124508</a></span></p>
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<p>]</p>
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<h1 style="text-align: center;">&nbsp;</h1>

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