California Now Thriving With Business Startup Opportunities
On behalf of The Law Office of Lynnette Ariathurai, A Professional Corporation posted in Business Formation & Planning on Tuesday, October 2, 2012.
Many entrepreneurs are discovering firsthand that California is a growing mecca for successful business startup purposes. Hollywood serves as the nation's figurative capital for celebrities and film executives, but it has been building a reputation over the past few years for also being a great place for business startup companies to form and, in many cases, thrive. Quite a few celebrities seem to be putting their own brand names on startups in some form or another, and more than just a few television industry executives have left that industry to forge their own paths as entrepreneurs.
So, why are so many business startups finding success in Hollywood? A lot of it has to do with the fact that some Silicon Valley success stories concern individuals who didn't just cash in their chips and head straight to retirement. Instead, some stayed around to form new companies or invest some of their earnings in other business ventures. A lot of them are helping to fund the growing business industry now exploding around the city which was, until now, most famous for its film and television stars.
Further, several excellent schools which churn out brilliant engineering minds are located in Southern California, including University of Southern California, University of California, Los Angeles and California Institute of Technology. Rather than heading on for career opportunities in other locales, many of those budding engineers are finding, or forging, career opportunities in the area. Some folks also feel that the entertainment industry in Hollywood has hit its peak, so the area is ripe for some shaking up.
Innovative companies like Maker Studios and Hulu are providing alternative methods of entertainment distribution to the masses. And few places seem more perfect than Hollywood to provide a bridge for technology and entertainment to meet. With benefits like that available, it seems logical that many people are now beginning to seriously consider the business startup possibilities that California has to offer.
Source: Business Insider, "Suddenly, Hollywood Is A Startup Hotbed," Alyson Shontell, Sept. 14, 2012