New Entrepreneur technology start-ups ranked by city as of July 2016
Traditionally Silicon Valley is considered the place for new tech startups. It is a great place to live and work. However, you can see in the chart below that Austin, Miami, and Los Angeles ousted Silicon Valley for the fastest-growing startup locations. Even though Silicon Valley is a hotspot for great engineers and a large network of consultant, advisors, and financiers for tech companies, the area didn’t top the list of cities (or areas) for the U.S. cities with the most tech start-ups.
Any company whose purpose serves to bring technology services and/or products to the market is a tech start-up. To get started with a new technology business, one needs an idea that is researched as a viable product. Next work on the strategy to create a repeatable process. Finally set up your plans for marketing, running the business and expanding. The business owners in the cities on this list have used these simple ideas to kick-off their businesses. Sometimes it is as simple as ‘get started’. Once started, the owner will soon encounter potential customers that will help them further define exactly what they are willing to offer as a product. Remember, there is an overall theme to keep in mind: Scale or Fail. Plan ahead to be able to scale up as your business pipeline grows.
The U.S. Chamber of Commerce studied the best places for starting a tech-based business. Their report showing the cities that ranked highest in the study had thriving communities based around entrepreneurship with access to talented works, funding, strong engagement with local institutions that included government, universities, and corporations.
Silicon Valley and Start-Ups
Silicon Valley is in the San Francisco Bay area and is home to many start-ups and global technology companies. Some of the most prominent are Apple, Facebook and Google. Also found in Silicon Valley is the Computer History Museum and NASA’s Ames Research Center in Mountain View and the Tech Museum of Innovation in San Jose. Silicon Valley is also known to be a ridiculously expensive place to live.
If you are thinking of starting a small business from home or a tech startup, the Small Business Administration advised to follow these steps:
- Write a Business Plan
- Get Business Assistance and Training
- Choose a Business Location
- Finance Your Business
- Determine the Legal Structure of Your Business
- Register a Business Name
- Register for State and Local Taxes
- Obtain Business Licenses and Permits
- Understand Employer Responsibilities
- Find Local Assistance