If you were an entrepreneur thinking about starting a consumer tech co, what city in the world would you choose to build in and why?

Arpi Narula Quality Analyst 3 at Wells Fargo

October 20th, 2016

There are so many startup heavens around the globe. As for the Tech industry It is widely known that Silicon valley is one of the places to be. It is also very well known that it is very expensive to live there let alone start a business. Do you think it is important to be in such a center of tech industry in order for your startup to be successful? Is it maybe wiser to start a business in some of the stable countries with less expensive workforce?

Anonymous

October 20th, 2016

It depends.

If you have a strong product with a lot of interest surrounding it, possibly even some pre-sales.. you will not benefit much from being in a "premium location".

If you have a startup in "Silicon Valley", and you have enough funding to be there. Then you could use your "premium location" to attract investors to prop up what would otherwise be a failed idea.

I would say that being in the US does help a lot simply because you get access to a lot of infrastructure and supply chain benefits that are not as developed in other countries.

Also placing your self in a "College Town", can really boost your chance of success. The US "college culture" lets you hire premium talent at a very cut rate ( if not free ).

Danish Want Sr. Consultant - CRMNEXT

October 27th, 2016

Well that depends. I am planning to have the same for my start-up.It depends on different factors like the market, demand, competition etc. Different factors come gradually once you plan to start.There are many countries you can have for the start up but you will also have to look for the factors so that you can start your company for your benefit.