Endeavor Report – Fairchild Semiconductor and Growth of Silicon Valley
Endeavor Insight, supported by Omidyar Network, recently released a new report that analyzes the development of the world’s most well-known entrepreneurship hub. The report, entitled “How Did Silicon Valley Become Silicon Valley,” includes new data that is being shared publicly for the first time. Endeavor has conducted similar research on entrepreneurship ecosystems around the world, including in Argentina, Colombia, Turkey, and Chile.
In 1957, eight entrepreneurs decided to do something that seemed crazy. They launched a new tech company called Fairchild Semiconductor in a small town south of San Francisco. The entrepreneurs had a difficult start, but Fairchild eventually became the first major computer chip company in the region.
The story of the Valley’s early years can provide lessons to leaders in cities and regions across the world. It illustrates the impact that successful entrepreneurs can generate in their communities if they foster spinout firms, mentor other founders, and act as early-stage investors. More information on the lessons that other cities can use, and on the region’s growth and impact, can be found in the full report.