Startup Communities and Building an Entrepreneurial Ecosystem
1287_ 10/2/12 - What does a Startup Community Ecosystem look like? Ask our prolific author and Colorado based VC Brad Feld. Ok, you don't have to, we did. Now you can listen to him. Then you have to read this book. And after digesting all his great advice, one last step, or maybe the first step... "Do it! Don't wait for permission. Don't wait to talk to someone. Do go to startup events, meetups, tech talks everything you can find and commit to that for at least six months."
We began, that is w3w3® Media, 14+ years ago on terrestrial radio and one of our earliest interviews was Brad Feld, a relative newcomer to the Boulder area - already making a name for himself. We've watched him and his wife Amy build their home here, making this community - that's the entrepreneurial, technology (even the arts, the university) and VC communities better and stronger. He's been a champion for the community as a whole and now he's working on the young emerging entrepreneurs, his newest book, "Startup Communities - Building an Entrepreneurial Ecosystem in Your City".
Brad said he's used a lot of the ideas that he's been involved in and participated in, in Boulder, since he moved here in the mid-90s, to form the framework for the book, which we called the "Boulder Thesis". They worked hard on defining on what any city in the world should do if they want to create a long-term, healthy entrepreneurial ecosystem. The key parts of the Boulder Thesis are these four components. The first is the startup community has to be lead by entrepreneurs. We separate the world into leaders and feeders. They're both important, but they're different. In the context of startup communities, the only people that can be effective leaders are the entrepreneurs. If you have the other people involved in the startup community, the feeders playing the role of leader, it doesn't work. So government can't be the leader, university can't be the leader, investors, venture capitalists, big business, those can't be the leaders. The Second is those entrepreneurs have to take a long-term view. Brad likes to say, "It's generational, at least 20 years. You can't start and build a sustainable startup community in two or three years." We're in a cycle where startups are exciting, a lot of people get involved in startups, and that's fine. But if you really want to build, in your city, a long term startup community, you have to be in it for a long time. The Third part of the Boulder Thesis is, you have to be inclusive of anyone who wants to engage at any level. This is leaders and feeders, individuals who want to get involved - it's anyone new, who moves to town, anyone who wants to be involved can and should be - Then you're way ahead of the game. The last part is you have to have a series of activities and events that have a regular cadence and rhythm to them. Things like TechStars an accelerator for 90 days, you're doing something that engages the entire entrepreneurial stack. The essence of it is this idea that... Well, listen to Brad he will tell you so much more - read his book and you'll learn so much more. Get started now!
RELATED LINKS: Startup Communities: Building an Entrepreneurial Ecosystem in Your City || Brad Feld Blog || Brad Presenting, SFC Crash Course || Foundry Group || Do More Faster Book || Economy Builders || Venture Capital Channel || KEYWORDS: Brad Feld, Startup Communities: Building an Entrepreneurial Ecosystem in Your City, Foundry Group, Venture Capital, Amy Feld, Boulder Thesis, bytes=8827196
LISTEN TO: Brad Feld, Author, Startup Communities, Building an Entrepreneurial Ecosystem in Your City
Powered by Podbean.com