On Wednesday, October 2nd at 6pm ET Brad will be interviewed on Microsoft’s The Bizspark Show. Please tune in to join in the conversation!
We are a few weeks away from the autumn 2013 semester at the University of Nevada-Las Vegas Lee Business School , which will mark my fifth year of part-time/adjunct teaching Entrepreneurship to undergraduates. In autumn 2012 I also co-taught an Entrepreneurship-related course at the Boyd School of Law with local attorney Josh Westerman. This year Boyd is re-calibrating its curriculum to include more business/entrepreneurship course offerings. While our course is not offered this academic year, we look forward to further course offerings at Boyd, which could include a prerequisite to our course.
There will be three courses in LBS this autumn:
- FIN345, Managing New Venture Funding – a finance course which takes a holistic view of finance within a venture, throughout its life cycle; in its fifth year
- BGES430, International Entrepreneurship – a management course which is part of the Global Entrepreneurship Experience Program; in its third year
- FIN480, Entrepreneurial Finance – a re-launched finance elective course which will principally focus on valuation and negotiation; first year after a three-year hiatus
While all three present a different perspective on entrepreneurship, they present real-world material integral to entrepreneurship education.
As standard procedure we do not use textbook(s) in these courses (caveat – BGES430 does use a supplemental text written by Professor Robert Hisrich at Thunderbird’s MBA Program). Instead the curricula are curated largely from case studies from top global MBA programs, such as Harvard, Stanford, Kellogg, Darden, Ivey, IMD and others. Ergo, although these courses are indeed undergraduate, they have a “MBA lite” bent and students are pushed to operate at a quasi-graduate level. In addition to these case studies, we have been grateful for a wide variety of guest speakers who have participated in our courses, from the local, national and international business community, from countries as far away as Finland, Japan and China. Their contributions add rich content and bolster the real-world emphasis to which we adhere.
While textbooks per se are avoided, we have used from time to time supplemental readings and books, such as Tony Hsieh’s Delivering Happiness. This semester, we are pleased to include in all three courses Brad Feld’s Startup Communities: Building an Entrepreneurial Ecosystem in Your City text, which allows us to continue to stress in the respective last class sessions the importance of building, collaborating and leading the evolution of our startup ecosystem. What good are basic tools taught in the courses if there is no community to support the execution and usage of these tools?
The inclusion of Brad’s book this autumn arrives at an interesting time for us. For the past five years, we have ended the courses with a case study on Austin, Texas and how they methodically created from the 1980s their ecosystem environment to what it is today.
Ironically, I am myself a University of Texas McCombs MBA graduate, and a significant amount of that Harvard Business School case research takes place during my time there in the mid- to late-1990s. A personal interest/experience in the content as well as an important pedagogical message. Comparing Austin with Las Vegas has been fairly intuitive for me; both cities and states had to emerge from dire economic straits, with Texas’ emphasis in oil and gas and real estate, while Las Vegas and Nevada heavily concentrated in gaming and real estate. Due to technological advancements over the past thirty-plus years, I would anticipate that Las Vegas’ ecosystem will evolve at a more accelerated pace than the time it took Austin to develop its unique startup culture.
Coincidentally, this next week will mark the first-ever South by Southwest event outside of Austin, with the SxSW V2V conference held in Las Vegas at the Cosmopolitan Hotel , as well as related events at community venues such as Startup Weekend at the Switch InNEVation Center, an event at the renovated Gold Spike downtown hosted by Tech Cocktail, and other activities. It is therefore timely for us to move from a single data-point ecosystem reference to what things can be done generally, to more focus on sustained growth of our community. We look forward to leveraging lessons learned and suggestions made from Brad and the Boulder, Colorado community in course group projects.
Attached below are the attendant syllabi for each of the above-mentioned courses; please refer to those for specific course details and curricula.
You may also want to follow our Twitter feed (@socraticstartup) to follow course content and guest-speaker participation as we move through the semester, and a Facebook page of the same name. The FB page is only open to current/former students and guest speakers for course/curriculum reasons; however those interested in our activities certainly may follow our posts and information on that open page.
David C Williams is Adjunct Faculty member at the University of Nevada-Las Vegas, where he teaches Entrepreneurship courses focused on finance, management and law. He is also CEO of Explorateur Ventures, Ltd, an international consultancy that advises startups and growth companies. In addition to being an active member in the #vegastech community in Las Vegas, he has lived, worked and travelled abroad in South America, Europe and Africa. He can be reached via email@example.com or on Twitter @explorateurven.
A few days ago Brad gave a talk on Startup Communities to techhub Bucharest via remote link.
Check out the video from the talk below.
What is techhub?
TechHub is a unique environment where technology startups can start up faster. We nurture an international network of like-minded and focused tech entrepreneurs, providing places where they can work, meet, collaborate, network, learn and have fun. By getting the right people together in a physical space, good things happen.
In Bucharest, TechHub partners with How to Web, the vibrant annual conference that brings together tech entrepreneurs, investors and supporters. We’re seeing so many interesting companies starting up in Romania, that through TechHub Bucharest, we wanted to help bring those startups together and provide a consistent catalyst for them to surge ahead to success.
Gameplan: Use the Boulder Thesis from Brad Feld’s Startup Communities book as a framework for studying the Startup Communities in Buenos Aires and Santiago.
A diverse group of MBA students explore international startup communities. After studying the governments, macroeconomic conditions and startup ecosystems in both Buenos Aires, Argentina and Santiago, Chile, the group was pumped and ready to go on the international business trip that would conclude our two year Executive MBA program at the University of Colorado.
Our group already felt a part of Boulder’s collaborative, open community attending great talks at various Silicon Flatiron’s events, hanging out at New Tech Meetups, and drinking beers at Startup Crawls. We really got to experience the generosity of the Boulder community as people from accounting firms, university professors, TechStars, the Global Accelerator Network, community event organizers, and investors spent valuable time with us in preparation for our trip.
Although interested in all things Startups, our group was comprised of executives at big companies, consultants, marketers, accountants, a physicians assistant turned entrepreneur and a tech company founder.
Based on our initial research, we expected the operating environment to be hostile in Buenos Aires and favorable in Santiago. Buenos Aires has struggled with currency fluctuation and anti-business government policies. On the contrary, Santiago has benefited from a relatively stable government, minimal inflation, and thriving foreign investment.
And off we went…
The first stop was Buenos Aires. A bohemian, chaotic feel with pockets of awesomeness everywhere. We had signed up for the first Startup Buenos Aires event and hopped into a Radio Taxi to find the place. The address was an apartment on a dimly lit street in Palermo, a cool part of town “where all the startups are” I was told. I met a dude named Mateo at the door, an ex-pat from Philly living in Buenos Aires, who walked us in making a few intros along the way. Then I met Lisa, another ex-pat and organizer of Startup Buenos Aires. ”You guys are from Boulder, do you know Andrew Hyde? He did our logo!” Immediately I felt very comfortable, this was gonna be fun. For the next few hours we met some guys from Google working remotely because they could, a few startup founders and a few others involved in the community (tech writers, accountants, designers, developers).
The average Argentine has lived through some incredible economic and social developments since the fall of its military dictatorship in the mid 1980′s; it would serve as an excellent policy case study on “What not to do” for any Macro-Economics course. Some of the things Argentines have lived through in the past 3 decades include: hyperinflation of 5,000% in 1989, excessive debt growth in the 1990′s leading to defaulting on foreign debt obligations followed by extreme austerity measures, having 3 presidents in 2 weeks in the end of 2001, the freezing of bank accounts in December of 2001, and the devaluation of the Argentine currency in January of 2002 that left most of the country with 40% less in savings than they had the day before. These types of events have left an unmistakable mark on the average Argentine that boils down to a huge distrust of the government. As one of the Argentine’s we met put it:
“If you are a small fish, act like you don’t exist.” Basically: deal in cash, don’t incorporate your business, don’t pay taxes, and deal entirely out of the sight of the government.
“If you are a medium sized fish, act like you are a small fish.” Basically, if you are big enough that you can’t hide, report whatever will keep the authorities from digging deeper. The tax rate on small businesses is over 100% of profit, so it seems even the government expects this.
“If you are a big fish, then act like a medium sized fish. And, if are a huge fish, then you are part of the government.”
This leaves the entrepreneurial community in Buenos Aires in a bit of a bind. Startups in the US are more like small fish trying to act like big fish; get as much press as possible, celebrate your small successes, and get big fast. Startups in Argentina are trying to maintain the lowest possible profile for as long as they can. There is a lot of pent up entrepreneurial energy in Buenos Aires, they just have to find a way to get it out.
As the group was drinking coffee at the airport waiting on our flight to Santiago, that was delayed, we discussed the vibe of Buenos Aires. The consensus was this place exceeded our expectations.
The next stop was Santiago. The energy in Santiago was quite different, almost vanilla, compared to the chaotic pulse of Buenos Aires. Santiago is a great, clean, modern city with a stable economy and a supportive government. The conservative banking system and central bank policies have helped steer the country to economic and political stability in a region of the world where stability is quite uncommon.
For startups, Chile has started to offer a fantastic funding opportunity. Startup Chile essentially grants startups $40k, with very few strings attached, and also provides work spaces, support, and resources to entrepreneurs. Startup Chile is considered a social program and in exchange for the $40k, startups must give back 40 to 80 hours of their time to help develop the startup community. The conservative banking and social systems in Chile can be a bit stifling for the entrepreneurial community. The ultimate goal of Startup Chile is to create an ecosystem where startups can thrive.
Breaking down the conservative social barriers, as well as the conservative financial practices, in Santiago will be a key step toward creating a vibrant Startup community. We believe that if a couple of bootstrapping entrepreneurs can bring their companies to an international level in Santiago, many of the barriers of the past will also fall.
Take-away: Every city is different, every startup community goes through a lifecycle, every country’s macro economic conditions vary. In Buenos Aires, there are two things that are in the mainstream conversation, the government and currency fluctuation. People love living here, the city is vibrant, sexy, and full of energy. In Santiago, the government and education system are fueling the ecosystem. A strong talent pipeline is created from the Universities, an emphasis on an educated population is driven by the government and things are happening.
The University of Colorado Executive MBA program’s final term focuses on International business. Charles Bartlett, Neil Smith, Joe Lynch, Greg Witten, Michael Demchak @MPDemy,Kelly Taylor and Scott Hace with faculty advisor Al Davis spent a few days in Buenos Aires Argentina and Santiago Chile in early May 2013 studying entrepreneurship using the Boulder Thesis as a lens.
The most frequent complaint I hear from entrepreneurs in the emerging markets is the lack of risk capital in their country; investors willing to finance start-ups and early stage companies. Many founders travel to America seeking money and connections in the US venture ecosystem. While a few are able to raise cash, most don’t—and return home empty handed—to face an unknown future.
With trillions of dollars invested in food & beverage, fast moving consumer goods, retailing, wholesaling and construction to name just a few, plenty of money exists in the developing world—from Beijing to Buenos Aires to Bangalore—and from Moscow to Manila to Mexico City. So if there is so much capital seeking opportunities, why is it such a struggle to get local investors to open their pocketbooks and finance technology, 1st time entrepreneurs and early stage SMEs? And what actions can entrepreneurs implement to ‘shape’ their business models to the risk attitudes and behaviors of investors + learn to ‘sell risk, then opportunity’—to raise $ for their ventures?
I spoke on these subjects to entrepreneurs, investors and government officials from East Europe as the invited guest of US Ambassador to Croatia, Mr. Kenneth Merten and his economic section chief Thomas Johnston at the Brown Forum. This event commemorates former US Secretary of Commerce Ron Brown’s (Clinton Administration) efforts over 20 years ago to initiate trade between states of the former Yugoslavia—after years of war and conflict—and the United States. The theme of 2013’s event was ‘Entrepreneurship & Venture Capital in South East Europe.’
Topics in my 16 minute video talk include:
- Investor behavior is driven by the cultures of risk: What it is, how it differs in the emerging markets vs. Silicon Valley and actions to make risk your friend—not your foe
- Debunking myths—what investors (do/will) finance in emerging markets. Risks ‘bought’ by investors in the developing world & risks which scare them (beginning with slide #39)
- Business models which unlock capital—& those that don’t
What I ask of you
With a deeper understanding and insight into the risk behavior of capital, entrepreneurs can create and ‘shape’ business models to unlock the wallets of customers and investors. So please write me with the solutions and strategies you used to overcome the cultures of risk and raise $ for your venture.
An entrepreneur myself, I created Innovative Ventures Inc., (www.IVIpe.com) in 1986 to invest venture capital (VC) into university
technology from Michigan State University and the University of Michigan.
Then I Did Entrepreneurship and Venture Capital in International Countries
In 1990 with a few coins and lots of energy I led IVI’s international expansion into Canada & Europe, then Africa, later into Kazakhstan and Russia, created new venture funds and grant program to finance technology and entrepreneurs across these continents and countries through equity, debt, grants & royalty structures: $300+ million committed from Governments and development banks like the US Government, the European Bank for Reconstruction & Development, the World Bank and its investment arm the International Finance Corporation, Canadian Development Bank, European Commission, the Government of Kazakhstan and institutional investors.
I’ve lived, worked and invested in Canada, Europe, Africa, Kazakhstan and Russia (in Moscow for 10 years). Over the last 20 years I’ve acquired a deep understanding of investing in tech and non-tech companies/entrepreneurs (with domestic investors and Governments) in these regions, what works & does not (& why) in countries with different economic environments, cultural practices and legal regimes that require new protocols of doing business to balance the interests of all stakeholders to achieve success. Now I split my time in Michigan, Russia & Kazakhstan, and other places where contributions are needed.
Friday, July 19 was show time. To use Malcom Gladwell’s Outliers metaphor, I had gotten my 10,000 hours of experience in developing and talking about disciplined entrepreneurship from my experiences founding and running multiple companies plus teaching at MIT and in Scotland, Quebec, Romania, the beer halls of Berlin, etc. It was time to lift the curtains for the U.S. premiere of Disciplined Entrepreneurship: 24 Steps to a Successful Startup. The location was appropriately Boulder, Colorado, and the MC for the event was Brad Feld.
The first thing I noticed at the event was that the window of opportunity for high-quality entrepreneurship training is definitely ready to be seized. There were over 150 people in attendance and not an empty seat in the house. One participant told me that he had difficulty singing up online; not to be deterred, he showed up anyway, for which I gave him kudos. The first rule of entrepreneurship is that you should consider all rules optional.
My next observation was that Boulder was an ideal place for the premiere because it has a sophisticated entrepreneurial ecosystem , as well as a compassionate community. The participants were very comfortable interacting on the material in the presentation in an intelligent and constructive manner.
Brad Feld was terrific in putting the event in context and supporting the launch of the book. In fact, during our public panel, he communicated some points of the book in a clearer and more concise fashion than I had in my earlier talk. Hence, as is always the case but even more so based on Brad’s broad experience, I learned some great points to keep in mind for future events.
Brad made sure to emphasize that the 24-Steps framework outlined in my book was not THE only formula to starting a company, but rather a valuable construct that helps provide some structure to a difficult process. He noted that there have been many successful entrepreneurs who followed a path that covered some but not all of the steps, and while they likely would have been better off with the framework as a reference, they did not fail in its absence.
Entrepreneurs should alter and improve on the construct, rather than feel constrained by it, Brad said. I could not agree more. As I often remark, Albert Einstein once said “seek simplicity and distrust it.” The question is not whether the 24 Steps framework is precisely correct, but rather if it is useful. We need to keep that in mind and also seek to improve it over time. I am sure that this framework could and will be improved. As I always remind anyone who works for me, in the search for truth, consistency comes in second.
The Q&A brought out some great questions and interesting points, some of which I felt were due the brevity of my presentation. A great question came from an attendee named Eric, who had founded a robotics company for children. He posed the following question in such a nice way: “I chafe at the idea that I should have only one persona. Isn’t that limiting?” I completely understand this feeling and the question. As I have learned from teaching this for years now, the concern people have about limiting their options will not go away easily. But as Professor Daniel Ariely, formerly of MIT and now at Duke, explains in his book Predictably Irrational, people often tend to keep their options open even when it results in a worse outcome. (You can learn morefrom this New York Times article.) Entrepreneurs love to select markets, but to achieve better outcomes through disciplined entrepreneurship, they must also be willing to deselect markets and focus on one. In Montreal the day before, I was reminded by Mike Petsalis that the late Steve Jobs once said, “I’m as proud of what we don’t do as I am of what we do.” Well said.
All in all, the premiere in Boulder was a milestone day in a wonderful place, and many thanks to those who made it happen – Rally Software, Brad Feld, Dane McDonald, the great folks of the Boulder startup community who spread the word, and all the participants who showed up and provided energy, support and feedback to premiere Disciplined Entrepreneurship in the USA. Onward!
A few observations about Boulder from the 1.5 days I spent in town:
- Quality of Life as a Magnet: What a place. I can see why people want to live in Boulder.
- Size vs. Friction II: My stay there reminded me of another piece I wrote (soon to be published) on “Size vs. Friction in Entrepreneurial Ecosystems” comparing Istanbul and Amsterdam. What makes Boulder so successful is the very low friction in the ecosystem. I experienced this when Brad gave me a tour of Boulder mostly on foot. We were able to experience a wide variety of companies, accelerators and co-working spaces in a very short period of time, without having to expend too much energy.
- Value of Random Collisions: In walking from place to place, we had multiple incidental collisions with people on the street including Elon Musk’s brother and at least a dozen others involved in the entrepreneurship community. Totally unscheduled and really valuable chats. After the book premiere, two of the speakers at the event, Nate Hindman and Joe Epstein ofthe Free Enterprise Tour, aka “Crazy Entrepreneurship Across America Tour,” went out to lunch and were amazed that more than a few people came up to them and commented on the morning’s program and provided feedback.
- Need for Infrastructure and Agent: As I have grown to appreciate, you need both infrastructure and a human agent to make a community work. Boulder has some great advantages to build an entrepreneurial community, but it is essential to have a credible agent to be the glue to pull it all together. When people focus on the physical, financial, academic, government and other elements of the system behind a thriving entrepreneurial community (the Boulder Thesis), it can be easy to miss the special flexible glue that makes it happen, that makes connections and adjustments in real time. For Boulder, that agent is Brad Feld because without him, the Boulder thesis does not exist and the entrepreneurial community of Boulder would not be anywhere near as robust as it is now.
- Maybe We Should Look Back More & Appreciate: In my final hours in Boulder, I raced up the hiking trails of Chautauqua trying to climb as high as possible in the picturesque Flatiron Mountains. It was a great, exhausting hike/run up and I kept looking at the challenge and beauty of the Flatirons – very motivating. A few times, I even stopped to take pictures on my phone. (I would have made it to the top if not for the need to catch a flight at noon.) But when I turned around to head back, I was taken aback by the incredible view of Boulder and how far I had come on that hike. I hadn’t even realized it. I was so focused on conquering the Flatirons, I never looked back and appreciated the view and what wonderful rewards there were to be enjoyed by completing the hike. Reminds me of us entrepreneurs in that we are driven and love the challenge of climbing the mountain, but do we step back and appreciate and celebrate our successes along the way enough to enjoy it as much as we should? Almost surely, no.
Bill Aulet is the managing director in the Martin Trust Center for MIT Entrepreneurship at MIT and also a senior lecturer at the MIT Sloan School of Management. The center is responsible for entrepreneurship across all five schools at MIT starting with education but also extending well outside the class room with student clubs, conferences, competitions, networking events, awards, hackathons, student trips and most recently accelerators. He teaches at least three different classes per year (introductory to advanced entrepreneurship classes) in addition to his responsibilities of running the center. His work has won numerous awards and most recently, in April 2013, Bill was awarded the Adolf F. Monosson Prize for Entrepreneurial Mentoring at MIT.
The Denver-Boulder corridor: At one end is a thriving community of startups, tech companies, and investors, and at the other end is…a thriving community of startups, tech companies, and investors. So why the divide? Each city is doing fine on its own, but together we can turn this region into one of the most dynamic and economically important innovation hubs in the world. Join us for drinks and networking to help us bridge the longest 25 miles in business and look for ways that Denver and Boulder’s finance communities can join forces to expand both their collective strength and their individual investment opportunities. We’ll have a few brief comments from Jim Dieters, Brad Feld and the Startup Phenomenon team.
A million thanks to the World Startup Report team, sponsors, and volunteers around the world for making this trip a reality. It’s been an amazing 6 months. Here’s a recap of what I’ve learned on the road.
Time flies when you’re off exploring startups in far flung lands. Six months ago I set off with just a carry-on and my trusty laptop, bright eyed and armed with boundless enthusiasm – I was ready with a capital R, to explore the world of startups. Now six months have passed and amazingly, I’ve realized that the more I learn, the more there is I need to learn. 6 months, 16 countries and 1000s of startup conversations later, I have only scratched the tip of the iceberg. The people I’ve met and the passion they have for what they do, often times in the face of great adversity is equal parts motivating and humbling. Its been a whirlwind journey so far and I am beyond excited to be able to share these findings. So on that note, here’s a little mini recap of my trip to date. Stay tuned for the full startup reports!
What in the world did I find?
India: hello, Google? Running a search engine via telephone may sound funny to the Valley, but really is it that different from asking Siri where the nearest parking lot is? Now picture Siri as a live person and put yourself in a country with 895M mobile phones vs just 35M smartphones. JustDial is a $720M empire in India…and it’s just one of many catering to this unique market.
Nepal: Don’t discount this hidden gem – even in a country where there are rations of only 12 – 16 hours of electricity per day, you can build tech firms with $100M USD exits.
Australia: Being a small yet modern and accessible country can be a double edged sword. On one hand, you get access to the latest and greatest from the West, but on the other hand, this very same lack of entrance barriers eliminates many startup opportunities for locals hoping to break onto the scene. Expect stiff competition here.
Greece/Spain: This could be a classic case of turning lemons into lemonade. 50% unemployment rate among youth might turn out to be the fire-starter that Greece/Spain startup ecosystems need.
Argentina: The story of Argentina can be told through their currency, which devalued 25% in the last 3 months. These folks are under constant pressure to produce in the midst of impossible constraints – trial by fire style. It could be argued that these conditions have produced the best entrepreneurs in Latin America.
Brasil: Size does matter. Virtually all successful Latin companies make the move to Brasil after their initial growing period, despite the unfavorable laws and social instability.
Peru: Though one of the least developed countries in South America, it’s also the place with the highest growth. Serious potential here.
Colombia: When a country invests 40% of the national budget on education, it changes things and empowers people.
Chile: StartupChile might go down in the history books as one of the best things to ever happen to Chile in this decade.
Kenya: The future of mobile payment can be seen in Kenya today. M-pesa is a micro-financing and money transfer service all easily accessible from your mobile device. It accounts for 25% of the country’s GDP.
Ethiopia: There are two 1s you have to know about Ethiopia: 1% internet penetration rate. 1M new cellphone subscribers a month.
Philippines: The Peru of Southeast Asia, but three times bigger with its 100M population plus everyone speaks perfect English. Keep an eye out for it.
Thailand: Unbelievable infrastructure and ample access to talents through its tourism. This 70M population country is poised to do well.
Myanmar: For a country that’s only a year old, its infrastructure is surprisingly developed. Those who want to jump in for low hanging fruit might already be too late.
Israel: Roughly 70% of the startup founders at our meetup believe they can build a billion dollar company. With this much ambition, drive and optimism in the room, some of them could be right.
So what’s next?
There are 13 more countries on the list, equally split between Europe (Netherlands, France, UK, Germany, Ukraine, Russia) and Asia (Korea, Japan, Taiwan, Vietnam, Malaysia, Indonesia, Singapore). Big things are happening for the WSR team, keep following us to access the full country by country World Startup Reports as they become available. If your country is on the list, please let us know if you would like to help! http://bit.ly/helpWSR
Oh and one more thing… *drum roll*
We’re proud to announce the WSR closing ceremonies happening in the Philippines at the end of my 29-country tour, called Geeks-On-A-Beach. Some of our most influential and knowledgeable founders/investors from all over the world will join us at Geeks-On-A-Beach to discuss the global startup trends and opportunities, from Silicon Valley to India. This will also be where I share my overall findings, impressions and conclusions from my epic journey.
Don’t miss this opportunity to meet the world’s startup founders and investors. Sign up today and get the early bird discount. This will be an incredible event in partnership to help the local startup community in the Philippines.
Founder, World Startup Report
Special thanks to: 500Startups, Startup Revolution, StartupWeekend, StartupDigest, Brad Feld, Dave McClure, Flightfox, Boingo, Bizpora for making this trip a reality!
Bowei Gai is a serial entrepreneur from Silicon Valley who sold the company he co-founded, CardMunch, to LinkedIn in 2011. On New Year’s Eve of 2013, he boarded his first flight for a 9-months long trip across 29 countries and 36 cities to research the world’s startup ecosystems.
Bowei’s first project, “The China Startup Report”, received over 100,000 views on SlideShare. His new project, the India Startup Report gained over 150,000 views shortly after release. From January to June 2013, Bowei has traveled to the following places: India, Australia, Colombia, Peru, Chile, Brazil, Philippines, Myanmar, Thailand, Nepal, Ethiopia, Kenya, Israel, Greece and Spain. Below is his story.
We’re beginning to see an interesting phenomenon occur with the success of Startup Communities. Readers are extrapolating the lessons within the book and are raising some interesting questions about the drivers, best practices and key components of startup communities. Recently, Dan Moore, a local Boulder IT consultant, wrote a blog post questioning the lasting impact the personnel of a former employer had on the local startup community. His blog post raises an interesting question.
How many startups have been birthed as a result of personnel from a former startup?
In his own case, Mr. Moore was an employee of XOR, (Internet technology, Systems, IT) and according to his experience some 23 companies were formed as an off fall of its sale, one of which includes the company he currently works for. This information has spurred the team here at Startup Revolution to wonder if we could put together a data set that would depict the general impact startups have on their communities.
So we decided to begin the process of sourcing information regarding such matters and are now putting together a data set on the long term residual effects of startups; no matter their outcome. Whether they failed or succeeded we want to know the impact startups have.
So we’ve got a favor to ask…we need you to fill out the form below providing us with important information on the number of companies that were spun off as a result of either the sale or closing up of a former employer.
Simply fill out and submit the form below and we’ll start building the data set.
Thanks for all the help!
-The Startup Revolution Team