By Rebecca Pick, CEO Pick Protection
On my recent visit to California with Investing Women I learnt a lot about starts-ups over there and how they are different to start-ups in the UK. I also learnt a lot about the environment in which they operate which is again very different to the entrepreneurial ecosystem in the UK. The whole trip was very insightful and I would recommend everybody to visit Silicon Valley at least once in their life! If I had to pick my top three takeaways from the trip they would be the following….
Think BIGGER! In Silicon Valley all the start-ups are very ambitious and because they think bigger and act on these ambitions they build bigger businesses than typical UK start-ups. Especially in funding terms.. they don’t think in £100ks… they think in millions!
Move FASTER! In Silicon Valley speed is everything…nobody wants to be number 2 and the way to get to number 1… in terms of market share, technical ability etc. is to move quicker than your competitors. The pace of building businesses in Silicon Valley is incredible.
Always ask for introductions! It was unbelievable how good at networking everybody was over there… I’m not sure how, but everybody knows everybody! I got some incredible introductions to people I didn’t think it would be possible to ever speak with. I certainly learnt the power of just asking for an introduction.
To sum this up, Silicon Valley is an amazing place with some incredible people. I think in Scotland we could do worse things than to adopt some of the mind-set characteristics they have over there and use them in creating our own starts up over here!