Startup communities do more than just spark innovation — they also create jobs, lure talent, and can help vitalize the cities they’re based in.
“Any city or town, no matter how small, can whip its startup scene into competitive shape,” argue Billy Warden and Greg Behr, cofounders of GBW Strategies, in a post for Fast Company. Warden and Behr have developed a three-step guide to cultivating an environment that entrepreneurs and innovators can thrive in. They call it R.U.N. – Rally around risk; Unlock assets; Network frequently and widely.
The goal of the three steps is to encourage communities to promote and engage in the startup support and development by tapping local resources such as universities and corporations and establishing networking programs and events. The rewards associated with building a vibrant local tech scene are certainly worth the effort. For more info, read the full post here.
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Silicon Valley is of course synonymous with startup success, but vibrant startup communities have been flourishing in locales across the country for quite some time, most noticeably in cities such as New York, Boston, Chicago, and Austin. It’s only natural that appearance of new contenders has led to a healthy dose of competition. Which coast is best? Read more about the East vs. West startup rivalry here. Of course, once startup communities start popping up, VCs are never far behind. Read this OpenView report for more on the up-and-coming venture capital hot spots.