University of edinburgh MA Social Policy and Economics, United Kingdom.
Research Article
World Journal of Advanced Research and Reviews, 2024, 24(02), 2092-2103
Received on 21 September 2024; revised on 17 November 2024; accepted on 20 November 2024
This study aims to identify the determinants of start-up success in Silicon Valley, with the objective of offering practical recommendations and informing policy decisions that can facilitate the development of prosperous technology ecosystems in other regions. The study provides significant and informative perspectives for entrepreneurs, policymakers, and other relevant stakeholders in different locations who are seeking to emulate certain elements of Silicon Valley's achievements. This research employs a mixed-method study strategy that integrates both qualitative and quantitative methodologies. This architecture is well-suited for extensively investigating the complex nature of entrepreneurial ecosystems, the interplay of many elements, and the impact on start-up success. The sustained achievement of Silicon Valley can be ascribed to a confluence of elements, encompassing the availability of venture capital, mentorship networks, esteemed academic institutions, a risk-embracing and innovative culture, and a tightly-knit social network that fosters collaborative endeavors. These research findings highlight the crucial significance that these elements hold in establishing Silicon Valley as a prominent global technology cluster. The demonstration of alignment with theoretical models serves to illustrate the practicality of pre-existing frameworks, yet the unique characteristics of the region emphasize the significance of acknowledging the specific context and culture in the analysis of ecosystems.
Entrepreneurial Ecosystems; Start-Up; Silicon Valley; Entrepreneurial environment; IT industry
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Jinyoung Hwang. Entrepreneurial ecosystems and start-up success in the tech industry in Silicon Valley. World Journal of Advanced Research and Reviews, 2024, 24(2), 2092-2103. Article DOI: https://doi.org/10.30574/wjarr.2024.24.2.3268