Startup Communities: Building an Entrepreneurial Ecosystem in Your City
"Startup communities" are popping up everywhere, from cities like Boulder to Boston and even in countries such as Iceland. These types of entrepreneurial ecosystems are driving innovation and small business energy. Startup Communities documents the buzz, strategy, long-term perspective, and dynamics of building communities of entrepreneurs who can feed off of each other's talent, creativity, and support.
Based on more than twenty years of Boulder-based entrepreneur turned-venture capitalist Brad Feld's experience in the field?as well as contributions from other innovative startup communities?this reliable resource skillfully explores what it takes to create an entrepreneurial community in any city, at any time. Along the way, it offers valuable insights into increasing the breadth and depth of the entrepreneurial ecosystem by multiplying connections among entrepreneurs and mentors, improving access to entrepreneurial education, and much more.
- Details the four critical principles needed to form a sustainable startup community
- Perfect for entrepreneurs and venture capitalists seeking fresh ideas and new opportunities
- Written by Brad Feld, a thought-leader in this field who has been an early-stage investor and successful entrepreneur for more than twenty years
Engaging and informative, this practical guide not only shows you how startup communities work, but it also shows you how to make them work anywhere in the world.
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
EXCERPT FROM STARTUP LIFE 199
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.
"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