Every industry giant, from Apple to Walmart, once began as a startup. An entrepreneur with a dream set out to create a business, and after many years of hard work and determination, it caught on like wildfire. Many say that these businesses happened to be in the right place at the right time. If you are able to begin a startup in a location that is much more conducive to expanding, then it has a far greater probability of succeeding in the long run. That is why the following list of three of the top cities that have been showing promising signs for startups has been created. They are, in no particular order, as follows:
- Austin, Texas
- Washington D.C.
- San Francisco, California
The state capital is becoming one of the premier locations for startups as of late. In fact, it is estimated that the number of employees at an Austin, Texas startup will increase by as much as eighty five percent in just the first five years of operation. This is far above the national average and is one of the main driving factors for why businesses are sprouting up left and right here.
A recent poll of startups in the D.C. area revealed that more than 200,000 hires were expected to be made. This is a result of startup revenues increasing more than twenty percent in each of the last three years. The nation’s capital is seeing a surge in both startups as well as the population as more workers are required to staff them.
San Francisco, California
The Bay Area and Silicon Valley are still an incredible hotbed for startups, particularly in the technology sector. The venture capital available in San Francisco is still as enticing as ever before for entrepreneurs who are seeking some wealthy backers to get the company off the ground and into the spotlight. This area is also filled with many industry veterans who can offer their expertise to up and coming businesses that can give them the edge against competitors.
Incredible businesses will continue to be developed out of startups. Only time will tell which startups these are, but analysts can make a very educated guess where the businesses will have started.