digital trends

Question 1

what makes Silicon Valley such a successful ecosystem for entrepreneurship and tech innovation -key ingredients

Answer 1

1. research capacity (investment money and creative)
2. industry actors
3. socio-economic
4. socio-cultural

Question 2

what ingredients make up research capacity

Question 3

what ingredients make up industry actors

Answer 3

industry actors refers to anyone working there
- source of early stage capital ad expertise
- 40% of us venture capital invested in Silicon Valley / Bay Area
- law firms providing intellectual property, contracts law, migration law, other legal services
- accountants
- many of the world’s most innovative companies

Question 4

ange investors

Answer 4

• Typically well-connected, wealthy individuals
  – Generally use their own money and face few constraints
  – Often more suitable for startups that start out small as they don’t care as much

Question 5

venture capitalists

Answer 5

• Raise a large amount of capital from institutional investors
  – Before investing, evaluate a deal with extensive due diligence

Question 6

crowdfunding

Question 7

socio-economic