technology industry – Dispatches From The Front

Technology seems to be the industry of choice for many of today’s aspiring business owners. It’s a broad, fast-growing field that attracts investors and venture capitalists and, if you succeed, the payout potential is enormous. While it’s easy to understand the allure, some entrepreneurs fail to consider the unique risks they’ll face in the competitive world of technology. Here are seven challenges you’ll likely come up against, along with tips for how to overcome them.

Challenges your tech startup will face

Many tech startups are familiar with these common challenges, so it’s essential to be prepared to navigate them before starting a business.

1. Tech startups face constant change.

Where is the heart of the technology industry?

The simple answer is “Silicon Valley,” a term that now generally means the San Francisco-San Jose-Oakland area of California. There are other options: The two largest public cloud providers, Microsoft and Amazon, are based in the state of Washington. Europe’s tech scene has been busy in recent years, meaning that it can’t be ignored in any such conversation. And the combined tech industries of China and India form a bloc that carries material heft.

So there are contenders. But Silicon Valley has historical centrality in the tech industry — it’s a hub of startup and major corporate technology activity stretching back decades, one that has been able to create a venture capital flywheel of investment and reinvestment that other markets work to mimic. Now, the question is perhaps better phrased as not “where is the new center of tech,” but has the technology industry become so broad-based that it has no real gravitic nexus?

Tag: technology industry

Challenges Your Tech Startup Will Face | businessnewsdaily.com

Is Silicon Valley really losing its crown? | TechCrunch