The new gold rush
In history a gold rush was associated with increased wealth and success of people. Whenever there was the discovery of gold people will flock to the area in the hopes of striking it rich in a short period of time. The most known gold rushes where the Witwatersrand gold rush in South Africa and the Klondike gold rush in North America. These two regions experienced a surge in the number of people hoping to strike a fortune. This can be applied to what is now referred to as the modern gold rush. Entities around the world are trying to strike it rich through tech discoveries and advancements. This has caused the number of tech entrepreneurs to surge. The promise of great wealth and prosperity has actually led to a large number of people to seek a career in the tech sector. Tech startups have increased in number. This is due to the fact that there is the promise of great wealth in the tech field in a short space of time.
The modern gold rush in silicon valley
Silicon valley has been one place that has experience the increased number of technological advancement. Silicon valley is the most important tech hub in the world. Three of the five largest tech companies are located in silicon valley. This makes it very important in the eyes of people trying to seek a fortune. The whole idea behind the success of silicon valley is the availability of investor capital. With capital comes expertise and experience.
The gold rush fantasy
Most young entrepreneurs are lured to this new gold rush by the promise that they can strike it rich in a short period of time. This is the main reason why a lot of young people today do not value the ideals of hard work and patience.