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How the Geography of Startups and Innovation Is Changing

By Harvard Business Review

It’s more global, more urban, and more winner-take-allRead full story

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  • Rudina  Seseri
    Rudina SeseriproManaging Partner at Glasswing Ventures

    This is a great outlook and direction for the founders building ground-breaking companies, no matter the location. On the local level, Boston continues to hold strong as a leader in the tech sector precisely because of the factors listed in this study – we see strong commitments from leading academic institutions, such as MIT, complimented by a thriving ecosystem of venture capital that empowers the East Coast’s talent. But the key is in the tailored focus – our talent is exceptionally geared to

    This is a great outlook and direction for the founders building ground-breaking companies, no matter the location. On the local level, Boston continues to hold strong as a leader in the tech sector precisely because of the factors listed in this study – we see strong commitments from leading academic institutions, such as MIT, complimented by a thriving ecosystem of venture capital that empowers the East Coast’s talent. But the key is in the tailored focus – our talent is exceptionally geared to solve hard tech problems, whereas other geographic areas are more focused on the commercializing problems to solve within startups. Based on these results, no matter where in the world, these are exciting times to be an entrepreneur.

  • This is quite consistent with my VC firm's thesis! We believe in the rapid growth of the startup ecosystems in cities like New York, Boston, Chicago, Toronto/Waterloo, Montreal, London, Paris, Berlin, Stockholm, Oslo, Seoul, Tokyo. Congrats to the author on bringing attention to such a trending concept.

  • Helen Edwards
    Helen EdwardsAlways curious at Koru Ventures

    Hard to measure is a 4th factor - the secular shift to entrepreneurship. There’s a new investment category after bonds, stocks and bitcoin, and that’s investing in oneself. The startup ecosystems are feeding and responding to the desire to build wealth and fuel change by becoming an entrepreneur

  • Claudio Cammarano
    Claudio CammaranoMarketing Manager at Gruppo Mondadori

    Brilliant! Small businesses and VCs seem to ne now more distributed across the globe. There are so many implications here. For scholars and researchers, it’s time to re-read Mazzuccato’s The Entrepreneurial State and see whether it confirms its hypothesis.

  • Patrick Brothers
    Patrick BrothersManaging Director at HolonIQ

    Def agree but the source data used in the analysis is still very heavily US biased. In EdTech for example, China is out investing the US 3:1. That is China will invest US$4.5B in 2018 for US $1.5B. It’s tough to get access to data across borders and languages but it’s really important to represent what’s really happening in the geography of startups and innovation and to fight the bias we all have to economies we are familiar with and know where to find information.

  • Amy Miller
    Amy MillerPresident at Miller Mediation and Solution

    There is a lot of attention in global; there’s a lot to learn from each other’s cultures. Personally, I don’t see this as entrepreneurship but another form of colonization. I don’t see where you will get true innovation, which is based on creating something complete new and transformative. To do that, you some times need to go to places where no one else is.

  • William Wood
    William WoodOwner at William Wood

    I don’t see anything that is a paradigm shift, other than Venture Capital is going international. Don’t find that a surprise. I also was expecting a dissertation on “start ups”, instead of high tech startups... one gets the impression high tech is all that counts, tell that to SE Texas, some good valuable start ups in oil there... high Tech is wonderful and will generate a lot of jobs and wealth, but there is a whole world out there, with startups that are more low tech, but will generate jobs and

    I don’t see anything that is a paradigm shift, other than Venture Capital is going international. Don’t find that a surprise. I also was expecting a dissertation on “start ups”, instead of high tech startups... one gets the impression high tech is all that counts, tell that to SE Texas, some good valuable start ups in oil there... high Tech is wonderful and will generate a lot of jobs and wealth, but there is a whole world out there, with startups that are more low tech, but will generate jobs and wealth. Just look at Walmart, or Chick-Fil-a, or Nike. All startups at one time. I guess I just expected more from the article.

  • Paul O'Brien
    Paul O'BrienCEO at MediaTech Ventures

    Awesome perspective @Richard_Florida @ianhathaway #Innovation & thus #VC is dependant on more than #entrepreneurship alone. Silicon Valley has changed our world and as other hubs of industry (and investors) embrace how it has changed, we'll innovation and VC increasingly globalized and localized. Via @HarvardBiz

  • I don’t know such trend in global.

    However, this is amazing outlook, so Japanese startups should read this article for recognizing our environment.

    This is a great outlook and direction for the founders building ground-breaking companies, no matter the location.

    No matter where in the world, these are exciting times to be an entrepreneur.

  • Most notable takeaway for me: the US monopoly on venture capital investments is over.

  • Desmond Chantiam
    Desmond Chantiam

    I love Richard Florida!

  • Adam Najberg
    Adam Najberghead of digital communications at Alibaba

    Just heard from a VC friend Berlin is the place to look for startups with a dream team and lots of drive. Best for software and services.

  • Josh Violonchi
    Josh Violonchi

    Interesting Article

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