Immigrant Serial Entrepreneurs of IT Business in Silicon Valley in the US(<SPECIAL REPORTS>ECOSYSTEMS IN ADVANCED INNOVATIVE REGIONS IN THE U.K. AND THE U.S)

Abstract

The region of Silicon Valley had attracted investment and human resources while the core industry has shifted from the previous field to the next field and an entrepreneurial ecosystem has evolved. Recently, web & mobile business have emerged. Immigrant entrepreneurs have the advantage of being able to hire low paid engineers in homecountries rather than high paid engineers in Silicon Valley. Most of them choose buyout instead of IPO and accmulate entrepreneurial experiences for their next startups. We found three factors which stimulate growth in startups in the preliminary study. The first is plural founders including CTO, the second is avoiding niche markets and the third is global orientation.