If you want to grow a business in Silicon Valley then first start it elsewhere, says Sergey Brin
According to Google’s Co-founder Sergey Brin, it is not easy to base a company at Silicon Valley because of high expenses. On Friday at the
On Friday at the Global Entrepreneurship Summit that took place in Silicon Valley, Brin gave an aphorism aiming at those entrepreneurs who want to open a business in Silicon Valley, his aphorism is that: “During the boom cycles, the expectations around the costs – real estate, salaries – the expectations people and employees have … it can be hard to make a scrappy initial business that’s self-sustaining, whereas in other parts of the world you might have an easier time for that.”
Also, he added with a laugh that “I know that sort of contradicts what everyone here has been saying.”
On the other hand, Brin explained for whom the Silicon Valley would be positive, in his opinion Silicon Valley is positive for those who have an already formed business outside of the Valley which is the second step right now.
If the business has already started to see the hope of light by consumer’s attention, then if those companies move in Silicon Valley, it would be better for them as he mentioned that Silicon Valley “is good for scaling that opportunity,” and that “it’s good for providing more capital and allowing more risk.”
It is true that the world’s most valuable companies are based in the Silicon Valley, therefore, this territory is known as a lavish place for starting a business’s roots, where everything costs a bit of higher compared with other territories.
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