You’ve arrived. Well, sort of. Yes, you’re physically in Silicon Valley now, but you still haven’t happened upon the holy grail of every Silicon Valley entrepreneur who’s trying to make it: millions and even billions of dollars in the bank.
Research shows that the world has 143 technology billionaires, and 50% of them reside in Silicon Valley.
Silicon Valley is America’s innovation hub, creating new millionaires every day. So, how exactly can you get in on the action? Here’s a rundown on how to get rich quick in Silicon Valley.
Let’s get started!
How to Get Rich Quick: Network, Network and Network Some More
In Silicon Valley, people are generally forthright about helping one another out. And that’s why networking is such a huge part of the culture here. After all, networking is the ammunition you need to get your tech ideas noticed and transformed into the types of real solutions that will make you money.
For instance, if you have lunch with a group of people, don’t be surprised if you get an email introduction from each of them before you’ve even left your restaurant table.
With networking opportunities being so abundant, take full advantage of the ones presented to you. Join social clubs and networking mixers that are focused on entrepreneurship and specifically on your area of interest, such as engineering.
Of course, amid all of the networking opportunities available to you, stay focused on your goal. For instance, create a specific plan for how often you’ll go to networking events and what you plan to get out of them. This is all a part of smart goal setting, an idea promoted by Craig Beck.
Be Open Minded
One of the biggest mistakes that newbies to Silicon Valley make is making the wrong assumptions and feeling overly confident.
Sure, it’s important to be assertive when you’re in a group of people, ready to give your perspective.
However, at the same time, always ask questions when you have a chance to converse with a more experienced entrepreneur or tech professional. And listen. You may be surprised by what you learn that could help you in your own venture.
Take Advantage of Being an Outsider
If you’re moving to Silicon Valley from another location, you have a unique advantage you need to capitalize on.
The reality is, Silicon Valley is extremely Silicon Valley centric. People are constantly pitching ideas, but the problem is that many of these ideas would only work well in this techie area — not in the rest of the world.
The great thing about having an outsider’s perspective is that you can detect and pitch those ideas that would work beyond Silicon Valley, not just in it. And those are the viable ideas you can pursue with the goal of getting rich long term.
How We Can Help
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