Silicon Valleys New Immigrant Entrepreneurs PDF Download

The purpose of this study was to identify tactics adopted by selected successful immigrant entrepreneurs in Silicon Valley using the Hope-Action Theory perspective. Throughout American history, immigrant entrepreneurs have been important contributors, especially with regards to creating job opportunities in the U.S. economy, but unfortunately 45% of new startups fail in their first five years and 20% of them fail during the first two years. Although many studies have shown entrepreneurs and immigrant entrepreneurs from various perspectives, including positive psychology, which has started to notice the importance of higher levels of hope to become a successful entrepreneur, it is still hard to find research investigating a deep understanding of what helping factors and supporting environmental factors had an impact on maintaining hope toward success. In this dissertation, the researcher examined hope-action competencies and found helping factors that immigrant entrepreneurs with higher hope commonly used to help them face tough times and lead them toward success of their startups in Silicon Valley. For example, they adapted very well to utilizing social capital and were aware with market trends. In addition, the researcher discovered what they wished to utilize to help them in the early startup stage and led their startup businesses to be more successful. In this qualitative exploratory study, 28 viable helping factors, four environmental helping factors and six wish list items were discovered. The findings revealed that individuals with positive thoughts of hope in starting and maintaining their positive attitude in building their new ventures successfully in Silicon Valley is a complex concept involving the individuals, social networks, technology and the environment. Specifically, entrepreneurs employed tactics, strategies, tools, and supports that participants adapted to demonstrate the seven Hope-Action Theory competencies.