Use the BEEHIVE Effect – Steve Jobs Interview

there is an entrepreneurial risk culture
in the valley that is as important to
the it is as key of a reason why Silicon
Valley exists as any other reason I mean
the primary reasons are the
entrepreneurial risk culture the role ma
twitch role models are a very big part
second is the University Stanford and
Berkeley there wouldn’t be a Silicon
Valley if they weren’t Stanford and
Berkeley constantly bringing in human
capital which decides to stay here cuz
it’s so nice and and third certainly for
the number of companies that start is
the financial infrastructure as well and
then fourth is the Beehive effect you’ve
got a lot of extraordinarily talented
people and the Beehive effect says that
that it’s a lot more efficient to have
that talent and all those companies
together and let me give you an example
when you want to start a company you
need to hire some experienced people
just can’t hire people out of school
most of the time so you have to hire
some experienced talent well you’re
going to ask somebody leave a job maybe
they have a family and come to your
place to work well if your company’s in
Montana and they move their family and
your company fails there is not another
company in Montana they go to work for
most likely so you have to move again as
where if you all you have to do is
convince them to turn left instead of
right down the road to go to work in the
morning but they keep their same house
their kids don’t have to change school
etc and if your company fails well they
just go get a job another week at some
other company you have a much higher
probability of recruiting them and so
that’s the beehive effect and those four
things together I think are why Silicon
Valley is today you know what it is the
entrepreneur your preneur you’ll risk
culture has a lot to do with with role
models starting off with Hewlett and
Packard and models of engineers that
started companies models of marketing
people that started companies and you
know even some spectacular failures some
of the failures are you know as widely
discussed as the as the successes and
even some you know even the failures
people are admired for trying and I
think they pick themselves
dust themselves often you know go get a
job maybe they don’t own the company
maybe they’re not a founder of the next
company but they’ve got a really good
job and you know there’s no real chance
that they’ll end up destitute
you