Last year, I got the amazing opportunity to go to San Francisco, Silicon Valley and Palo Alto for a week of entrepreneurial inspiration. During the week I met with a lot of interesting people – entrepreneurs, programmers, managers, CEOs and even a winegrower. They all had a lot to share from their respective experiences at companies as Facebook, Google, LinkedIn, Causes, Podio, Spotify, Silicon Vikings, Business Sweden etc. I had a fantastic time and gained a lot of insights, experience and a few tips on entrepreneurship, and the most important ones I would like to share with you!

Fail Fast and Fail Forward
As an entrepreneur you will fail at times, so better fail now and learn from your mistakes than keep going on for a long time and fail later. The earlier you fail, the earlier you can start over as a better entrepreneur.

Move Fast and Break Things
Suggests you should make progress at a fast pace. As an entrepreneur you should expect to fail (break things) and unless you break things, you’re not moving fast enough.

You are a product of your environment
This is the concept behind the advantage of incubators and accelerators. Having great people around you helps you be great yourself – so find a suitable ecosystem and let it shape you as you develop the entrepreneur in you.

Many entrepreneurs in the Bay Area start their ventures alongside their regular jobs. This lets them put time in their startup (which often generates no money in early stages) but still receive salaries from their regular jobs. Also, a workplace provides a great opportunity to identify needs or problems that an entrepreneur can fulfill or solve. However, to take their venture to the next level, it’s almost necessary that the entrepreneurs quit their regular jobs and pursue the goals of their startup wholeheartedly.

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2 Thoughts on “Entrepreneurship in Silicon Valley

  1. Avatar friwik on October 13, 2014 at 5:50 pm said:

    Thank you for sharing this experience! As Guy Kawasaki mentions it is good to make a mantra, and until I come up with my personal one I might as well just take one of these!

  2. Avatar Eric Jensen on October 13, 2014 at 7:31 pm said:

    I particularly liked “fail fast and fail forward”. I think having a somewhat “constructive” attitude towards failing is good as this can be the difference between the person who fails and gives up and the one who get´s back up and rises even higher.

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