Lessons Learned: Building a regional entrepreneurial culture is critical, Top-down government-driven clusters are an oxymoron and Entrepreneurs lead a startup community while everyone else feeds the community (government, universities, investors, mentors, service providers and large companies)
Series A crunch? Maybe.
Accelerator bubble? Debatable.
No matter the climate, it's still up to you to make the most of the money you have to work with. In this post, I suggest you can more than quadruple the value of your dollars while living right on the beach. I'll admit the title is a little leading (and goofy).
Great article in Forbes by Lesa Mitchell of the Kauffman Foundation talking about the Startup Revolution and Startup Communities.
It has some great nuggets including one of my favorites.
Communities create “hotspots” for entrepreneurship by supporting churn – constant movement in and out of your local network keeps ideas and capital flowing. As a new report from the Kauffman Foundation that analyzed the movements of Inc. 500 founders revealed, 75 percent of the founders started their firms in different metro areas from the ones where they last received a degree. Startup Chile has provided a great example of attracting entrepreneurs from all over the world – thereby creating new collisions in Santiago each time they launch a new class of startups.
After spending a few days hanging out with Brad Feld, I’ve come to the conclusion that Startup Communities is not simply a book targeted at the minority of the population who currently identify themselves as entrepreneurs. What Brad is working on is actually much bigger. My conclusion stems from the idea that he left ringing in my head following his visit to Kentucky: “Every city was once a startup.”
Let me start off by saying Noah Kagan is a pimp. He recently published this article about how he made $1000 (in profit) in 24 hours selling beef jerky subscriptions. What a piiiiiimmmpppppp!
Last month, the startup community in KY was fortunate to have entrepreneur turned investor Brad Feld visit. Brad has been instrumental in building the startup community in Boulder, CO. He is a partner at a VC firm called Foundry Group and is a co-founder of TechStars.
Brad spent 3 days in the commonwealth giving several talks about building successful startup communities, hanging out with local entrepreneurs, and mentoring some local startups.
Brad gave a total of 5 talks during his visit to KY. Below are videos of each of his talks:
Singly, a startup aimed at simplifying the integration of third-party services in both web and mobile applications, is today launching its platform into open beta. Until now, the company has been in private beta testing with around 3,000 developers who are using Singly in some 250 applications,..