Ravi is a Mentor at MentorEdge ( A CIIE- IIM-A initiative), A Knowledge driven enterprise. He is a Growthhacker for Startups, Online Community Builder, Startup Connector and B2B Marketing Expert.
Wolves Always Hunt In Packs
I think the startup ecosystem is the key, that’s why the startups mushroom in one destination faster than others.
Is it the startup ecosystem that makes a great startup location?
Is it the networking of startups in a location that keeps the place buzzing?
Is it the founders who make the city a hit ?
This should be a real tricky question to ask.
However asking many founders, experts I think some of the best places could be churned out for startups.
Some experts gave HDI (Human Development Index) as a key factor, some gave taxes as a good catch, some gave the ecosystem a thumbs up while some gave the availability of investors as the key point for the place to be a Great and Hot Place for Startups.
Interestingly one of the top executives Palmer Colamarino said in the thread:
In any case, I guess that the geographical location of the founder(s) plays a strong role in the choice. Are the founders ready to move thousands miles away from where they live and have ties with the business entourage ?
As long as we are not talking about a new idea/product/service that has a market potential “à-la” Google, Fabebook et similar than other components should to be taken into account, as the high burnrate of the BayArea.
Here are the destinations that came out of the thread:
- New York, Austin, Alaska, Utah & Bay Area in US
- Helsinki, Finland
- Berlin, Germany
- Lisbon, Portugal
- Calgary, Canada
- São Paulo,Porto Alegre & Belo Horizonte in Brazil
- Estonia, Europe
- London, UK
- Brussels, Belgium
Do you think otherwise? Do You Agree ?
Would invite you to share your comments and insights on the same.