May 2 2016

A Prescription for Startup Community Greatness in Northeast Ohio

My friend Morris Wheeler wrote a great post over the weekend titled Five Changes NEO Must Implement: A Prescription for Startup greatnessAfter reading the post, I realized NEO = Northeast Ohio.

The entire post is worth reading carefully, but the highlights are the five changes:

  1. Adopt a #givefirst not Quid Pro Quo attitude
  2. Adopt a Founder Friendly Philosophy
  3. Circulation Not Retention
  4. Entrepreneurs, not quasi-governmental entities or investors, must set community standards and agenda
  5. Investment Terms here should mirror national standard terms, except to reflect risk factors

This is true for NEO, but also true for any startup community.