Startup Communities: Building an Entrepreneurial Ecosystem in Your City

Overview

"Startup communities" are popping up everywhere, from cities allover the United States like Boulder, Boston, New York, Seattle, andOmaha to countries like Iceland. These entrepreneurial ecosystemsare driving innovation, new business creation, and job growth.Startup Communities documents the strategy, dynamics, tactics, andlong-term perspective required for building communities ofentrepreneurs who can feed off of each other's talent, creativity,and support. So if you think Silicon Valley is the only place tostart your next venture, think again.

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Overview

"Startup communities" are popping up everywhere, from cities allover the United States like Boulder, Boston, New York, Seattle, andOmaha to countries like Iceland. These entrepreneurial ecosystemsare driving innovation, new business creation, and job growth.Startup Communities documents the strategy, dynamics, tactics, andlong-term perspective required for building communities ofentrepreneurs who can feed off of each other's talent, creativity,and support. So if you think Silicon Valley is the only place tostart your next venture, think again. These days, great businessideas can come from anywhere, and this book is the smart wake-upcall you've been waiting for.

Based on more than twenty years of Boulder-basedentrepreneur-turned-venture-capitalist Brad Feld's experience, aswell as contributions from entrepreneurs in Boulder and otherinnovative startup communities—this reliable resourceskillfully explores what it takes to create a startup community inany city, at any time. With this book as your guide, you'll gainvaluable insights into building a more vibrant startup community,as you discover how to increase the breadth and depth of theentrepreneurial ecosystem by multiplying connections amongentrepreneurs and mentors, improving access to entrepreneurialeducation, creating events and activities that activate all theparticipants in the startup community, and much more.

Along the way, Feld details the critical principles for forminga sustainable startup community, and discusses the various tacticsyou need to put around them. You'll become familiar with the ideathat in order for a community to grow both deep and wide—andto enhance its entrepreneurial density—entrepreneurs must leadthe charge themselves. You'll also see how developing a long-termcommitment to the startup community is the only way torealistically become a leader of it.

Feld continues the conversation by discussing how an openness toinclude anyone who is interested in joining the startupcommunity—from students, researchers, and professors tocorporate employees, lawyers, government, and investors—iscritical. He also reveals how there has to be activities and eventsin the startup community that engage everyone in it from top tobottom. So, whether it be accelerators, meetups, or startupweekends, you have to create things that involve everyone.

You can have a sustainable startup community in virtually anycity in the world. But you need to know what it takes to reallymake this happen—understanding everything from the problemsthat may arise to the power of the community. Engaging andinformative, this practical guide not only shows you how startupcommunities work, it also shows you how you can make them workanywhere.

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What People Are Saying

From the Publisher
"Mr. Feld wants to make it clear that all sorts of cities across the world can become home to job-creating new businesses if only they foster the necessary culture. He sets out a framework for a successful start-up community. . . . if more people contributed to the places in which they live, as Mr. Feld and others have evidently done in Boulder, we probably would have more start-up communities around the world for him to visit."—Jonathan Moules, Financial Times book review, November 15, 2012
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Product Details

  • ISBN-13: 9781118441541
  • Publisher: Wiley
  • Publication date: 10/9/2012
  • Edition number: 1
  • Pages: 224
  • Sales rank: 617,769
  • Product dimensions: 6.20 (w) x 9.10 (h) x 0.90 (d)

Meet the Author

Brad Feld has been an early-stage investor and entrepreneur for over twenty years. Prior to cofounding Foundry Group — a Boulder, Colorado–based early-stage venture capital fund that invests in information technology companies all over the United States — he cofounded Mobius Venture Capital and, prior to that, founded Intensity Ventures, a company that helped launch and operate software companies. Feld is also a cofounder of TechStars and has been active with several nonprofit organizations. He is a nationally recognized speaker on the topics of venture capital investing and entrepreneurship.
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Table of Contents

FOREWORD ix

PREFACE xi

ACKNOWLEDGMENTS xvii

CHAPTER ONE Introduction 1

CHAPTER TWO The Boulder Startup Community 5

CHAPTER THREE Principles of a Vibrant Startup Community 21

CHAPTER FOUR Participants in a Startup Community 31

CHAPTER FIVE Attributes of Leadership in a Startup Community 47

CHAPTER SIX Classical Problems 59

CHAPTER SEVEN Activities and Events 73

CHAPTER EIGHT The Power of Accelerators 109

CHAPTER NINE University Involvement 121

CHAPTER TEN Contrasts between Entrepreneurs and Government 141

CHAPTER ELEVEN The Power of the Community 147

CHAPTER TWELVE Broadening a Successful Startup Community 157

CHAPTER THIRTEEN Myths about Startup Communities 169

CHAPTER FOURTEEN Getting Started 179

ABOUT THE AUTHOR 189

INDEX 191

EXCERPT FROM STARTUP LIFE 199

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