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However, it’s important to consider what barriers entrepreneurs of color face that may keep them from being able to benefit from investment and support resources. Consider how you can partner with trusted organizations in your community to reach underrepresented groups who need customized support. Who is missing from your network?
Fortunately, there are a wide range of organizations that specifically want to support you, not just the VC community. I worked with outsourced research firm Wonder * to identify all of the institutions we could who support tech impact startups with cash and community, and in many cases without dilution. Future Labs Flash Pitch. “For
The essence of an entrepreneurial ecosystem is its people and the culture of trust and collaboration that allows them to interact successfully. In my last blog, I talked about the definition and evaluation of two key elements of an entrepreneurial ecosystem – entrepreneurs and entrepreneur support organizations (ESOs).
Fortunately, there are a wide range of organizations that specifically want to support you, not just the VC community. I worked with outsourced research firm Wonder * to identify all of the institutions we could who support tech impact startups with cash and community, and in many cases without dilution.
And yet, our economic policies espoused by governments and traditional economicdevelopment approaches continue to focus on attracting big businesses. It’s time for a radical rethink in how we do economicdevelopment. The research and evidence supporting the impact and value of startup community building is strong.
He left traditional media at the top of his game to be the founding CEO of Next New Networks, one of the first digital video startups, backed by Spark Capital and bought by YouTube in 2011. In fact, for every retired person in the United States, they are supported by 2.9 people supporting retirees (US Census via LDC analysis).
Business writer Gordon Pitts pinpoints 2011 as the game-changing year for the Atlantic startup scene. In his book “Unicorn in the Woods: How East Coast Geeks and Dreamers are Changing the Game , ” Pitts recounts how in March 2011 Salesforce purchased New Brunswick-based social media monitoring company Radian6 for approximately $300 million.
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