Silicon Valley, the home which harbours so many tech companies is well famous. The competition is increasing. And there are expectations for Utah to become the next Silicon Valley. It’s on the peak of its development. In this list there is Seattle also which has two most developed companies of century- Microsoft and Amazon.
Microsoft and Amazon closed Thursday with market capitalizations of $838.1 billion and $830.8 billion, per CNBC. In third place is Apple at $829.1 billion, which saw its stock fall 1.1 percent Thursday, while Microsoft and Amazon were on the rise.
The marketplace keeps changing from time to time, there is a head to head competition between these companies.
But the development is a big milestone for the Seattle tech community. Microsoft and Amazon’s ascensions have been powered by their cloud computing divisions, helping Seattle earn the title of Cloud City. these companies also attract talent from all over the world and are thus adding to the fame of Seattle.
“This is a metric that nobody on the senior leadership team is tracking,” Microsoft Chief Marketing Officer Chris Capossela said during a talk at Seattle-based Pioneer Square Labs last week. “We really aren’t looking at, are we five today, are we four today.” These words show that there is a huge competition in the tech world and the companies are ready to handle them.
How Amazon and Microsoft are transforming Seattle
San Francisco is the centre of tech boom, while the Bay Area is ore established, Seattle to the North has also evolved into an attractive tech hub. It has taken centre stage as Amazon and Microsoft become the most valuable companies.
Let us have a look at how Seattle companies grew :-
Before The Boeing Co, company historian Seattle was a logging hamlet. William E Boeing changed that when he founded his commercial aircraft company here in 1916, just two years after the first ever commercial flight. “Seattle and Boeing grew up together,” Lombardi says. As Boeing’s fortunes rose and fell, so did the city’s.
During the early 1970s, Boeing saw a big government contract end, and Seattle unemployment shot to 17%.
Nordstrom jumped into e-commerce ahead of competitors, in 1998. Last year, the company brought its store experience and website together with a Reserve & Try feature, which lets customers choose items online to try on at their local store.
While Nordstrom gave Seattle fashion flair, REI served rugged outdoor explorers. Founded in 1938, the company’s flagship store on Seattle’s Capitol Hill was a popular early tourist attraction for its then-rare selection of affordable mountaineering gear.
Seattle’s over-dependence on Boeing jobs ended in the 1980s, after Bill Gates and Paul Allen brought their software startup to town. When Microsoft Windows was introduced in 1983, it became an instant hit. The ‘Microsoft effect’ brought affluence to the Eastside, which grew its own downtown Bellevue.
As the 21st century neared, a new breed of entrepreneurs arrived in Seattle. Leading the charge was former Wall Street internet project manager Jeff Bezos, who thought consumers would buy products on the internet.
From its first book sale in 1995, Amazon.com touched off an online shopping revolution. Locally, Microsoft executive Rich Barton would follow suit, spinning travel-booking website Expedia out of Microsoft in 1999, and co-founding real-estate site Zillow in 2006.
Amazon would also foster a new, results-oriented corporate culture that became the norm for local tech startups. Amazon is hiring 100,000 more workers nationally. Locally, its hiring boom is single-handedly spiking home prices.
As Microsoft reshaped Seattle’s Eastside, so Amazon’s sprawling campus is transforming the once-industrial South Lake Union neighborhood north-east of downtown. Google has built a major branch office nearby, and restaurants, condos and shops have sprouted.
In all, Seattle’s companies bring the practical, progressive lifestyle not just to the city but to the world, says MOHAI’s Garfield. Visitors fly home in Boeing planes, on which they’re served Starbucks coffee. Often, they’re wearing Nordstrom dresses or hauling an REI backpack, while they shop on Amazon or use Microsoft Office on their laptops.
Why should Seattle be in your list
If you are thinking about setting up a business then you must have a look on the exposure provided by Seattle:-
1. There's a lot of cloud expertise here.
If you look at where cloud is happening -- where the talent, innovation, and opportunity is -- it is hard to deny that the worldwide center of gravity is here in Seattle. Not only are Microsoft and Amazon headquartered here, Google Cloud has located a large part of its engineering team here. You can even look at VMware and trace the critical members of its leadership team, including its founder, back to Seattle.
2. A lot of local startups expand on the power of cloud.
There are massive ecosystems built around these cloud platforms. You can buy a bunch of individual services and assemble them in a custom way for your company, and then build smart applications on top. The planning and execution however needs to be of great perspective for success.
3. The cloud industry is set for massive growth.
Seattle once had a rep as a boom-and-bust town that might experience rapid growth but could also hit the economic skids quickly, for instance, if Boeing had layoffs. Not anymore, because the cloud industry is headed nowhere but up.
4. Seattle's business ecosystem is more diverse than you think.
Cloud is just one of many verticals that make Seattle a vibrant community. They have robust talent, innovation, and company wins across e-commerce and retail, data technology, software, health care, biotech, travel and hospitality, real estate, telecom, food and beverage, and many more. It's diverse nature will not let you be in shortage of choices.
5. It pays to be located near your cloud provider.
There is a home-court advantage in building a business in the same place like Amazon. Like Microsoft, the company is friendly to startups, serving as a customer for many early-stage enterprise-focused companies. It also doesn't hurt to call the guys who power your company's infrastructure and data capabilities 'neighbor.
6. Seattle is still relatively affordable.
According to the website Rent Jungle, the average rent for a one-bedroom apartment in San Francisco is just under $3,100. The average rent for a one-bedroom in New York City is just over $3,100. The average rent in Seattle is $1,604, yes it is not as less as Oklahoma but this gives a great chance to establish yourself at one of the best hubs of the technology world.