By Sami Mahroum
This ebook explores startups that experience thrived opposed to the chances in areas the place startup luck used to be deemed to be not going. Discussing a few expertise startups from all over the world that experience succeeded with no kingdom backing nor neighborhood enterprise and seed capital, Black Swan begin Ups presents specific insights into unsung versions of good fortune past the 2 dominant narratives of Asia’s ‘Tiger Economies’ and America’s Silicon Valley miracle. the writer describes those tales of luck as ‘black swan occasions’ and ascribes their achievements to the power of marketers to leverage the ‘place surplus’ in their destinations, whereas construction connections to help networks outdoor their fast geographies. together with case experiences similar to Skype in Estonia, SoundCloud in Germany and Bayt.Com in Dubai, this insightful booklet offers a holistic and wide-ranging view of the way expertise startups have, and will, reach much less most probably areas.
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Extra resources for Black Swan Start-ups: Understanding the Rise of Successful Technology Business in Unlikely Places
Culture of Silicon Valley has also developed a vibrant entrepreneurial risk-taking culture that rapidly turns ideas into new products and services and creates new companies and in which failure is accepted as providing a valuable learning experience (Cohen and Fields 1999; Lee et al. 1 (continued) Factor Relevance 6. Open and collaborative social and professional networks Professional and technical networks have developed a tradition of collective learning, horizontal integration and community (Ferrary 2003; Florida 2008; Perry-Piscione 2013; Saxenian 1994; Sorenson 2003) The region is characterised by strong social capital, with a sense of community that bestows high levels of ‘trust’, underpinned by past performance and shared experience (Cohen and Fields 1999; Kenney 2000) Wadhwa (2013) likens Silicon Valley’s open and collaborative networks to ‘a giant, real-world social network’ that extends relationships that immigrants have in their home countries and which provides the region with a competitive advantage when expanding into global markets (Perry-Piscione 2013) Silicon Valley’s venture capital (VC) industry has been instrumental in supporting entrepreneurial activity.
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28 Black Swan Start-ups Top-Down Models Hsinchu Science and Industrial Park Like Silicon Valley, the nation of Taiwan has undergone significant transformation from a labour-intensive and light-industry economy to one that is now characterised by capital-intensive high-tech and heavy industries, beginning with the creation of what was then a world-leading free-trade and duty-free zone in 1966 to attract foreign investment and technology driven primarily by low-cost labour. The government played a leading role in the creation and nurturance of a small and medium enterprise (SME) industrial base and the economic miracle that ultimately unfolded in this nation over the last 30 years.