I have worked in both equally Silicon Valley and Wall Avenue. I have been bitten by the two the “build amazing shit” bug and the “make far more money” bug. I’ve worn a accommodate & tie for my work as perfectly as a hoodie & shorts to my office.
It’s intriguing to check out these contrasting worlds and the unique sides of our personalities by way of the lens of Valley and NYC.
So, how is the Silicon Valley way of thinking different from the New York mentality for producing businesses, fixing troubles, and providing goods & solutions?
Below are a few techniques how business is finished in a different way:
In Silicon Valley, founders typically arrive up with new concepts from their every day walks of lifestyle, produce a speculation, construct the item, and think that customers would be captivated to it like a magnet if it’s a great product or service. They don’t find authorization/approval and are only limited by their creativity.
In New York, it’s more popular to collect all the requirements from a consumer upfront, map out their programs & constraints, place all the things on paper, and near a sale. This is intelligent for the reason that they aren’t gambling on an untested concept. But on the other serious, it could also final result in “vapor selling”, in which items or services are promoted & bought just before they even exist.
The Silicon Valley attitude is generally connected with a tradition of experimentation, a willingness to consider threats, and embrace failure as a understanding option. This is why the Silicon Valley mindset may perhaps be a lot more conducive to pursuing moonshot jobs that are hugely bold and risky.
In contrast, the New York attitude is usually much more concentrated on minimizing hazard & uncertainty and maximizing returns. This is why there is a better emphasis on belief and dependability. As a outcome, the New York attitude may possibly be additional centered on roofshot projects that have extra predictable economics but lessen chances of outsized rewards.
The hustle way of thinking and lifestyle of doing work tricky on Wall Street are driven by high stress and the expectation of very long hrs. Those people who are ready to place in their blood & sweat and say “yes” to new prospects are typically the types who thrive and have higher profession good results. It is astounding to see a lot just one can humanly achieve by pushing their boundaries and working 16-hour days.
Silicon Valley’s hacker lifestyle prides itself in expressing “no” to the grind. They imagine that cutting down stress & prioritizing over-all nicely-remaining is vital to creative exploration. Techies pursue a meditative condition of thoughts to strengthen concentrate, productivity, and unconventional imagining. The moment you understand that obtaining an uncluttered point out of intellect produces the headspace to assume exterior the box. That simply cannot be completed when you are continuously burned out, leaping from one activity to one more.
Is one way of thinking greater than the other? In all probability not. I’d feel the reality lies someplace in the center.