What is a ‘Startup Community’?

 

Here’s a summary of what makes a successful ‘Startup Community’, from Brad Feld’s book, Startup Communities: Building an Entrepreneurial Ecosystem in Your City:

  1. LONG-TERM VIEW: A successful startup community must be filled with people who are making a long-term commitment (20+ years, which resets every day!) and who are able to weather the successes and failures of entrepreneurs in the community.
  2. ENTREPRENEURS MUST LEAD: Feld divides a startup community into leaders (entrepreneurs) and feeders (universities, development agencies, government, etc… in other words, everyone else). “The feeders have very important roles,” he says. “They become part of the fabric of the startup community. But the feeders can’t be leaders. The leaders have to be entrepreneurs.”
  3. PHILOSOPHY OF INCLUSIVENESS: It takes all kinds of people to make a startup community. “If everybody contributes energy into the startup community,” Feld says, “it will get bigger and grow faster and be more successful and be more fun.”
  4. EVENTS THAT ENGAGE THE ENTIRE ENTREPRENEURIAL STACK: Feld cites things like TechStars and Startup Weekend, which he notes are more substantive than awards dinners or cocktail parties, as vital to allowing the entire community to help startups.

Here’s some empirical support for Feld’s thesis: http://bit.ly/1P7WSL9

Here’s a crash course on the topic: http://bit.ly/1QceEOI

And here’s the book: http://amzn.to/1zErj2o