When the new millennium was ushered in eighteen years ago, it was little expected to see a wave of tech companies arise. Digital businesses have come out of nowhere. Many of these companies fail. But the few percentage that succeed are able to get their founders on the Forbes’ richest founders lists. Many millennial founders have had their hands in the tech space. These companies have created a sector that has a lot of employment potential. These startup tech businesses include pop up shops, tech hubs and companies started from studio apartments. One thing common amongst all of these companies is the will of their founders to work hard and create something that changes the landscape of the tech world.
These founders have many tasks to deal with. Remote vulnerability management, venture capital funding, business models and staffing are just a few of things tech founders have to deal with. For many young people or startup founders, this becomes extremely hard with little experience and little funding. Silicon Valley has become synonymous with tech companies. Some of the greatest companies of the millenniums were born in this Californian valley. Netflix, Apple, Google, Facebook, Yahoo, Ebay, basically some of the largest companies of our time have a home in Silicon Valley. Because of the valley’s reputation many young and startup founders has picked this place to be the home of where they will launch the next great tech companies.
Surprisingly, for the first time in the United States startup tech companies are able to secure success outside of Silicon Valley. Venture capital investment funds are being poured into companies that do not ideally run inside of the traditional tech boot camp of Silicon Valley. Not only are these tech startups branching outside of Silicon Valley they are also branching outside of the United States.
Forty four percent of venture capitalist dollars were invested into startups located in Asia. This number matches the investment of firms funding tech companies back in the United States. The second quarter of this year has generated around forty deals. These forty deals have a combined worth of one hundred million dollars. Foreign countries doing big numbers like this expose the fact that Silicon Valley is not vital to a company having success in the tech space.
Tech company founders are packing up shop and moving to where things are convenient for them. The rise of the internet has made many things so accessible to the point that tech founders do not necessarily have to be nestled in the valley of Facebook and Google. Many of these founders are not solely ambitious college dropouts or millennials. Contrary to belief, there are plenty of tech founders who have families. They want to run their companies in cities that are more family oriented. A migration of tech companies have settled in Denver and Salt Lake City. These cities give founders a more affordable option for housing, typically better schools and a way to make history in a non-traditional tech town.