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All Money Is Not Created Equal
book

All Money Is Not Created Equal

by David Spreng
July 2023
Intermediate to advanced content levelIntermediate to advanced
240 pages
5h 18m
English
Wiley
Content preview from All Money Is Not Created Equal

Chapter 4Geography Matters – to a Point

For both Nickerson and Ley, CEOs of 4Paws and 19/39 respectively, building their companies in Silicon Valley made sense. They both had strong reputations from their time as early employees at Damascene; they also had vibrant personal and professional networks, which made staffing their companies easier.

After Nickerson sold 4Paws, he decided to pursue his animal rights activism as well as using CBD and Kratom for treating diseases in animals. Nickerson moved to Portland, Oregon. The city's emphasis on animal welfare made it a good cultural fit for him, and the fact that the greater Portland area was home to several animal-focused startups meant there would be a pool of talent to draw from for his new company.

***

“Silicon Valley.” The name has been synonymous with technology and startups for more than 50 years, and, as discussed in Chapter 6, there is a vibrant ecosystem here supporting entrepreneurs and companies in all stages of growth. Many of the most famous tech startups of the past few decades are headquartered here, and “the Valley,” as it is colloquially called, represents about one-third of all venture capital investment, according to CB Insights, amounting to $100 billion in 2021 alone.1

While it has some serious rivals – New York City, Boston, and Austin are among the top ones in the United States – Silicon Valley has remained the premier technology hub in this country, if not the world. While there are vibrant tech hubs ...

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Publisher Resources

ISBN: 9781119887805Purchase Link