Silicon Valley is a nickname for the southern portion of the San Francisco Bay Area, which is located in part of the United States of California known as Northern California. It is home to many of the world’s largest high-tech corporations, as well as thousands of startup companies.
The word *Silicon* from the name refers to the *large number of silicon chips, innovators and manufacturers in the region* and the world *valley* refers to *Santa Clara valley in Santa Clara county where the region has been traditionally centered.*
As of today, Silicon Valley is now home of many of the world’s largest high tech corporations that includes headquarters of 39 businesses in the fortune 1000, and thousands of start up companies. Some of the biggest companies there today are:
Advanced Micro Devices (AMD)
Hewlett Packard (HP)
Electronic Arts (EA)
Yahoo and etc
Owing to this, a lot of companies go there to start up and a lot more dream of working in silicon valley. Average pay in silicon valley starts from $66,000.00 per annum varying from companies to companies and you can make as high as $406,000.00 per annum plus this however, vary amongst companies.
Now, talking about the limitless opportunities in silicon valley, the opportunities are literally limitless. Be it starting your own company or working for a company there.
Silicon Valley is built for startups. The highest caliber engineering talent is there. Early stage and late stage investors are there. Support staff like lawyers and banks that work specifically with startups are there. Conferences and tech meet-ups of the highest caliber are here. The wealth of talent and resources is unmatched.
With new startups coming every week, most startups also fail. But in Silicon Valley that’s okay, in fact it’s almost encouraged, as it’s part of the entrepreneurial learning process and fully accepted as a normal course.
It doesnt matter how old you are 16, 25, 75, and so on and you are there to start up a company, people will listen to you. They don’t care what you wear, how big, crazy, and unrealistic your ideas are, you are always welcome to silicon valley. All they care about is what you want to do and how you are going to go about doing it.
There is always opportunities for you there. You get to meet entrepreneurs that are willing to guide and help you achieve your dreams, with the main that when you help each other out to win and whoever wins i.e your company becomes really successful, and you are connected to them, then that means you win too.
Also, the opportunity is there for your company to be acquired by Tech giants such as Google and co. Google and Apple are in Silicon Valley and they acquire a lot of companies. And if not acquired by tech giants, there are lots of other companies there that could be your partner or acquirer: Yahoo, Salesforce, Cisco, Twitter or Facebook just to name a few.
There is also the opportunity to have access to fresh talents, fresh ideas, and access to intellectuals unlike anywhere in the world, as two of the top computer science schools in the world are in Northern California.
Silicon Valley is the home for the best tech companies in the world. In addition to that, you can also find there some of the top people of the world. There are many Venture Capitalists who can help you out with your company’s financial situation, if you do not want to start your own business, there are many big companies that can offer you some of the finest working places. You may run into Mark Zuckerberg in the coffee shop or meet Tim Cook at the shoe store. In Silicon Valley there are so many experienced people around you that you can find the answers to all your questions.
Many good events and meet-ups happen like three times every day. These events can help you to find yourself an investor or team members. You can easily talk about work with people who are working for other companies, it is a very enjoyable experience to have a drink with someone who works for your competitor. Also, many start-ups have open house events where they talk about technology that they use. Thanks to the California location, Silicon Valley also has a very nice climate. It’s never too cloudy or hot in there. Besides that, Silicon Valley is also a very easy city to navigate.
If you are aiming a global market, being in Silicon Valley you may be in contact with a huge network for (very well qualified range of) employees and clients, and have a bigger visibility. Also, there are several companies that after a while moved their main development and some operations successfully to Silicon Valley in order to achieve bigger success.
It’s the land where people’s dreams and imaginations come to life. A good example is *Nadir Bagaveyev,* founder and CEO of Bagaveev Corporation, he moved to silicon valley around late 2013 and got funding to build rockets using 3D printed engine.
How about getting into the state ? visa, residence and stuffs…I guess one would have to get that him/herself ?
To work in silicon valley, you can either work for tech giant, or high tech companies or work for start-ups.
You will require a H-1B visa with a company in Silicon Valley for you to be able to work there.
The H1B visa is a non-immigrant visa. It is designed to allow U.S. employers to recruit & employ foreign professionals in specialty occupations within the USA for a specified period of time. For those looking into having their own start-up there, they will require L1 Visa – Intracompany Transferee. Introduction. The L-1 visa facilitates the temporary transfer of foreign worker in the managerial, executive or specialized knowledge category to the U.S. to continue employment with an office of the same employer, its parent, branch, subsidiary or affiliate.
For those interested, they can visit https://www.uscis.gov/eir/visa-guide/h-1b-specialty-occupation/h-1b-visa and read more about it.
I am of the opinion that we should have something similar or close to silicon valley in our country. Though silicon valley is the centre of all tech companies in the world and very hard to copy.
It will open a lot of opportunities for the country and a place where great minds can work, interact and innovate. Other countries have something similar to silicon valley
For example Silicon Wadi – is an area with a high concentration of high-tech industries in Isreal, Shenzhen Hi-Tech Industrial Park – Shenzhen, Guangdong, China Shenzhen municipality and surrounds, including Dongguan’s factories had been for a decade the world’s dominant peripheral hardware suppliers. More recently Shenzhen has become the dominant place worldwide for hardware startups (excluding microprocessors, chip memory, and pure-play semiconductor foundry). Silicon Mountain in Cameroon etc
We have learnt about the limitless opportunities in silicon valley, but for every good, there is the opposite.
So some of the cons in working or starting up in silicon valley include:
1. A lot of competition: Despite having plenty of job opportunities, there’s also a ton of competition. Besides the tens of thousands of local college graduates each year, there are people from all over the world who have the same idea as you; move to Silicon Valley and make a name for yourself. There may be plenty of companies hiring in the Valley, but they are looking for top notch talent.
Also keep in mind that if you’re an entrepreneur moving to the area you are also in competition with many other startups trying to establish themselves. While finding a VC or investor isn’t always a huge problem, it’s making that person or group of individuals notice your business in the busy crowd that is the tough part.
2. It is very expensive: If there’s one major gripe about Silicon Valley it’s how expensive it is. And, that’s not a hyperbole either. A recent report found the cost of living in Silicon Valley is 87% higher than the U.S. average. A one-bedroom apartment can cost between $1,300.00 to $3,500.00. And, if you want to purchase a home, except to drop something in the range of $500,000.00 to $1,300,000.00.
3. The Valley may not be a cultural fit. Silicon Valley is great. There’s a lot going for it. But that doesn’t mean that it’s right for you. For example, the weather etc
In *Conclusion,* this are the opportunities you can get in Silicon Valley:
Success Breeds Success: Benefits of Networking and Specialization
Local Opportunities and Insights
Joint Industry Strength
Easy Financing Opportunities
Thank you 🙏🏼
What opportunities are there for a young computer engineer ?
I don’t know if you have heard of andela ?
They train people and ship them abroad to work for fortune 500 companies.
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FACILITATOR: Mr Akin Adeyemo (Valuex Member)
COMPILED BY: Valuex Information Management Department