Polish Entrepreneurs in Silicon Valley

Abstract

Purpose: This text is a review of the results of a research project on Polish entrepreneurs and Polish enterprises in Silicon Valley, conducted by the author in Silicon Valley in The United States in the years 2007–2012.

Methodology: 81 participants took part in the research (members of 13 different companies and several government and third sector organizations). Among the organizations represented in the project there were companies established in the Valley by Poles, Polish companies present in the Valley, as well as institutions that are active in promotion and support of Polish business presence in the United States, especially in Silicon Valley.

Findings: The research indicates that there are three main areas for improvement in Poland, if it is to be home to companies characterized by a potential for rapid growth (as the ones that Silicon Valley is famous for). The first one concerns cultural aspects associated with low tolerance of risk and social censure of those who fail in business. The second includes financing, in particular limited access to venture capital and business angels networks. The third one refers to business education of entrepreneurs, for whom gaining practical experiences in world-class centers of entrepreneurship, such as Silicon Valley, is of utmost importance.