Know why StartUp Success Rate is High in Silicon Valley


Bangalore: To crack the innovation code and to increase the success rate has always been a prime thought for any startup. Perhaps, the thought of a startup itself is innovative but to nurture its growth and to sustain the same, there are various factors; Silicon Valley has been bestowed with all appreciations on this regard and is considered ‘apple of the eye.’

Though New York City catches every startup ‘fly’, researchers have worked with more than 13,000 companies around the globe to determine the best place for a startup inhabitation, and Startup Genome boldly reports Silicon Valley to be the best. Undoubtedly Silicon Valley has an unsurprising uprise, although NY City has few upsides according to Business Insider.

 

10 Silicon Valley startups aim to change the world

The motivation in Silicon Valley and New York City is different. According to Startup Genome, 30% more founders in Silicon Valley "want to change the world" than in New York City. In New York City, 50% more founders start companies because they want to make "a good living."