so your investor just signed a check for
$500,000 for your startup what's next
time to calculate your runway the time
that you can sustain your business idea
without bringing in a dime of income so
where should you set up shop well let's
see there's Silicon Valley the epicenter
of the tech universe right sure you can
take the money hire your team get a cool
but affordable co-working space and
let's say that gives you six months
until you need to knock on the door
asking for more money but wait what if I
take my startup here to Singapore I
could extend that runway to nine months
costs are not as high as San Francisco's
and that gives me a little more
breathing room to make my idea
profitable wait a minute what about a
place like Bali now I've got like at
least two years and a beach and yoga and
monkeys but how can I build my business
on a random island in Indonesia simple
your developer is in the Philippines
your designers in Germany and your
salesperson is in Canada
you've all got laptops and Dropbox and
Skype and slack the world is going
global
some people are building their
businesses from their laptop and
co-working spaces like this where costs
are just much cheaper but there's just
one catch no shoes allowed rent a desk
in a co-working space in San Francisco
that'll cost about five hundred bucks
per month you want to rent a desk in
Bali that'll cost you around 200 bucks
per month your morning cup of coffee in
San Francisco five bucks and your
morning coconut in Bali one dollar fifty
cents
and not to mention the commute the
average commute time for someone in San
Francisco is nearly one hour a day
compare that to a motorbike ride here
easily about 10 minutes let's take a
look at two entrepreneurs proving this
shift mq wong and tony zhang got their
PhDs from stanford and then started a
drone camera robotics company and they
didn't stay in california they moved to
Beijing while their startup zero zero
robotics also now has an office in San
Francisco its headquarters are in
Beijing with more offices in Shenzhen
and Hangzhou the drone they developed is
still sold and marketed around the world
and they even designed a deal to sell an
Apple stores a few years ago they would
have probably stayed in Silicon Valley
to launch their company not today
san Francisco's housing costs have been
skyrocketing since the tech boom
meanwhile president Trump's causing
uncertainty over immigration and the
h-1b visa which Silicon Valley is hugely
dependent on to bring top talent from
overseas and now successful startups are
rising around the globe the number of
international unicorns are increasing
rapidly just a few years ago only 30%
were located outside the US by 2014 it
was 37% in 2015 it went up to 53% and
last year it stood at 58% in fact half
of the top ten unicorns are outside the
US they're in China but hold up there's
still a number of reasons people will
argue that Silicon Valley is supreme you
can't replicate Hollywood overnight if
at all for one there's the culture
Silicon Valley's innovative spirit is
what makes it successful and somewhat
ironically it's the ok to fail attitude
that attracts risk takers also Talent if
you want to work with people in person
it's a lot harder to find serial
entrepreneurs or user acquisition leads
with a lot of experience on remote
islands the majority of global venture
funding is still happening in Silicon
Valley but there was a 20
percent drop in total funding in the
valley in 2016 compared to the previous
year some may still argue Location
Location Location but times are changing
with the rise of global digital nomads
well it's a working man's paradise still
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