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What Next for Tech Millionaires Keep Creating!
One fascinating aspect of the tech industry is the direction of start-up founders who have already generated vast fortunes at a young age. What do they do next? Simply, they keep working.

Research suggests that these tech superstars are driven to achieve more, and they are often driven by far more than simple money. This phenomenon is shown in the film The Social Network, in which Facebook backer and Napster founder, Sean Parker (played by Justin Timberlake), announces that a million dollars isn't anything special ? what's really cool is a billion.

Mark Zuckerberg, the Facebook founder, is a prime example. Already a billionaire, he came to Silicon Valley to change the world with his coding skills and grand visions of an online social platform. Similar stories are told of Sergey Brin and Larry Page, the founders of Google, and it will no doubt happen to Twitter's founders.
 

The tech billionaires' decision to keep working after their stock-market windfalls is actually not too different from financiers and investment bankers  who also tend to simply keep working in a bid to continue their success. And yet their successes are flaunted in conspicuous ways, from sports cars and custom-made suits to lavish holidays and expensive markers of wealth. For Silicon Valley's millionaires, the flaunting of wealth is far more uncommon. As often as not, they are using their money to create new technologies or to invest in the next entrepreneur's start-up idea.

One of Google's multi-millionaires, Scott Hassan, explains this trend perfectly when he says that a person can only buy 'so many shiny things'. He says that Silicon Valley's start-up founders are often engineers and never lose their desire to keep building something new, even if they have already earned enough to retire in luxury.

Many of the newly wealthy went back to work to start up new companies. Hassan himself set up a robotics incubator for engineers who specialise in the field of telepresence robotics. He explained that he was passionate about building a new company that could affect the world. Start-up founders are driven by that need to keep building new things, often from nothing at all. This is often a different kind of person than a successful investment banker.

And for technologists, the line between work and play is blurred and sometimes non-existent. These people want to build, create, and keep growing new things. And this is something that we can all take inspiration from.
 
Written by Andrew Pringle of Circle Square - Finance Jobs London
 
 
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Published in Blog
Saturday, 24 January 2015 19:45

Can London Become the Tech Hub of the UK?

The Proposed “Tech City” Should Secure London’s Status of Tech Hub for the Uk

The Greater London Assembly has announced its commitment to increasing London's contribution to the world of technology, continuing a tradition of innovation which has been long established through the history of the capital.

 

London is a Major Player in the Digital Revolution

The 19th century saw the birth of cutting-edge industries borne out of the vibrant and inventive minds living and working in the city. The 21st century could follow in that tradition, with London becoming a major player in the digital revolution by offering the leading lights of technology a place where they can explore the possibilities afforded by a new age of consumer and business interaction.
 

Silicon Roundabout London’s Tech Hub

The Silicon Roundabout and Old Street areas of East London are fast becoming synonymous as a Tech Hub. The Tech community of London now supports over 24,000 businesses, all dealing with technology in one way or another and with 48,000 jobs, which is about 30,000 more than Paris, the closest contender in the European market.
 

Some of the Major Players in Tech have Brought Their Business to East London

This has become a self-sustaining centre which has demonstrable appeal to smaller businesses which are still trying to establish their place in the global marketplace as well as some of the major players in the realm of technology who have brought their business to the area, including Yammer, Cisco, Amazon, Google and Facebook.
 

There are many Factors Working in London's Favour 

When it comes to attracting this kind of business, not least the ubiquity of the English language, which is always a bonus to international companies. But being in an ideal time zone and having an enthusiastic, motivated and highly qualified work force is also a big plus.
 

The Proposed Tech City Demonstrates the Commitment Needed to Sustain Success

However, the success of the city to date can only be sustained with nurturing from those with the power to make it happen, not just in terms of encouraging these companies to continue to base themselves in London, but also by providing the kind of environment that the proposed Tech City Institute can offer in terms of supporting this growth and demonstrating a commitment to continuing development in the area.
 

With  50 million pledged by the government for the institute, it would be a physical manifestation of confidence in the future success of London as a hub of technology.

 

The Government must Devise an Onging Strategy for Technological Skill Development 

There is a lot at stake and the importance of developing the skilled workforce of the future is becoming increasingly apparent. Any government plans must include provisions for the bright sparks of the future by encouraging and inspiring them and offering opportunities for maximising the potential of those to whom the technological torch will be passed.
 
 
Written by Adam Tachauer of Circle Square Talent
 
 

To contact one of our specialist recruitment consultants call 0207 492 0700 or email: enquiries@circlesquare.co.uk

 
 
Published in Blog

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