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” It’s the most common refrain I hear from investors and even entrepreneurs these days. Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startupecosystem in the US. “There’s something going on in LA.”
For the past decade, Gener8tor has been working to shift that by spinning up accelerators in local communities that have money but are underserved in terms of startup support. We spoke with the Gener8tor founders about why they are passionate about thinking about the startupecosystem a little differently.
When Revolution first started the Rise of the Rest Road Trip in 2014, our goal was simply to provide greater visibility for entrepreneurs?—?and Indeed, our tour is a key part of our investment strategy, as it provides us with the opportunity to really understand the dynamics of a particular startupecosystem.
It’s a similar model employed by AngelList , the company founded by Indian-American entrepreneur Naval Ravikant and Babak Nivi as a fundraising platform for startups to raise money from angel investors. Syndicate leads are often experienced angel investors or successful startup founders.
Olumide Soyombo is one of the well-known active angel investors in Nigeria tech startups and Africa at large. Since he began angel investing in 2014, Soyombo has invested in 33 startups, including Stripe-owned Paystack , PiggyVest, and TeamApt. based entrepreneur and investor.
Wider issues seem more cultural; startups not thinking big enough, investors lacking the necessary appetite for risk, and even — among wider society — some latent suspicion of entrepreneurs. We accelerate also that path — into innovative entrepreneurship system.
We can send students on study tours and international mobility and things like that but [Startup Catalyst] had a whole different intent. Of those who had a QUT supported place: Alex Ghiculescu (2014) founded Tanda, a workforce success company that continues to go from strength to strength with over 120 staff across the globe.
Top Detroit startup Guardhat raised nearly $42 million in funding in early 2021 to create innovative safety solutions for industrial IoT. Revenue has tripled year over year since the company’s 2014 founding. Onboard is a Detroit startup founded by a successful alum from another tech company started here: Ambassador Software.
Building Startup Communities is the Way to Economic Growth and Recovery. The pandemic has accelerated and exacerbated the situation. Startups are key to business dynamism and strong economic growth. Startups and entrepreneurs need ecosystems and communities of support to be successful. Economies are hurting.
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