CAJ8#do it like China

On this picture you can see the original Hallstatt in Austria and the rebuilt Hallstatt in China.

No, I did not all of a sudden change my topic. It is still about the Silicon Valley. All I want to do is make you think about the following question:

Why don't we just rebuild the Silicon Valley somewhere in Europe?

Reid Hoffman, the most connected man in the Silicon Valley and number seven on the Forbes' list of Tech’s Top Inventors published seven“ingredients” you need to rebuild Silicon Valley.

In order to build the Silicon Valley in Europe you need a healthy entrepreneurial ecosystem, which first of all needs human capital (1). Without its entrepreneur the Silicon Valley would be nothing. So where do we get entrepreneurs from? Supermarket? No, we need universities and a culture (2) that allows innovators to set their creativity free. This means that entrepreneurs should not be seen as being unemployed but being innovators. These innovators of course need support. A country’s government (3) should make it easy for entrepreneurs to start their companies. However, not only the government should support start ups. The entire model of the Silicon Valley is dependent on investors (4) taking some risk and putting capital in exchange for equity or debt. Besides the external factors having influence on an area like the Silicon Valley the goal market (5) of a company is of course of high importance. Companies need to be located where its customers are to best understand their needs and decision. For instance is it easier to build a fashion company in Paris than in other cities where fashion does not play a big role. Finding the right city or country to build something like the Silicon Valley implies a developed infrastructure (6). It is important to be able to meet like minded people to work with. Last but not least, there is a final element that many emerging ecosystem still miss: global mindset (7). Visiting other countries, establishing relationships with potential partners early on, and build a product that meet global market regulation and industry standards.

Filling these gaps could definitely lead to a new and, how knows, maybe even better Silicon Valley, somewhere in Europe.