Practice and Case Analysis of Risk Management in Silicon Valley "Garage" Entrepreneurship

Abstract

As the cradle of global scientific and technological innovation, Silicon Valley has nurtured many start-ups, among which the "garage" entrepreneurial culture has promoted the birth of countless business miracles with its unique creativity, keen market insight and unremitting innovation spirit. However, the entrepreneurial process is full of uncertainties, and risk management has become the key to ensure the steady development of startup companies. By analyzing the types of market risk, technology risk, capital risk and talent risk in the process of starting a garage in Silicon Valley, and combining with the practical cases of typical startup companies such as Airbnb, this paper expounds in detail the implementation process of risk management, including risk identification, evaluation, monitoring and control. The article further summarizes the successful experience and shortcomings of Airbnb in risk management, and provides valuable reference for other Silicon Valley "garage" startups. Finally, this paper puts forward risk management strategies and suggestions for Silicon Valley "garage" startups, aiming to help startups better cope with risk challenges and achieve steady development. The research results of this paper not only enrich the risk management theory, but also provide practical risk management tools and methods for Silicon Valley "garage" startups.