Silicon Valley and entrepreneurship have become nearly synonymous these days, and if you live in the Bay Area then you know that one doesn't exist without the other. From the world's largest companies like Google and Facebook, to the tiniest new startups, Silicon Valley is the undeniable destination for enterprising business people, both young and old, to bring their dreams to reality. But don't be fooled by all of its perks because even if the Bay Area seems like Neverland for aspiring entrepreneurs, it doesn't come without its own set of obstacles and challenges, too.
In fact, it's because of the fact that Silicon Valley is teeming with so much tech and business talent that it has turned into a wild west of sorts where companies fight for name recognition and great employees on a regular basis.
In a recent interview, VigLink CEO Olive Roup talks about the benefits and challenges of starting a new company and growing a business in Silicon Valley, shedding some light on what it's like to be a business owner in the tech capital of the world.
For all of that and more, watch the full interview below:
Here are some key takeaways from the video:
- At the start of the interview, Oliver talks about what it takes to start a company in Silicon Valley and touches on the difficulties of finding the right people and bringing promising talent to your team. "It's tough. Really I'd say you want team traction and market," he explained. "So you want to be in a market that you think could be a big market, that others are going to think can be a big market; really the potential for a billion dollar outcome is sort of what interests investors and even employees. They want to imagine a big future."
In wrapping up the interview, Roup said that the best way to grow a quality company is simply by utilizing your personal network. He suggested meeting friends of friends and getting to know people that are in your personal network before venturing out to using headhunters and recruiters.
What tips do you have for growing your business in Silicon Valley?