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Startup Communities: Building an Entrepreneurial Ecosystem in Your City, by Brad Feld
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Amazon.com Review
Q & A with Author Brad Feld What is the "Startup Revolution"? The vast majority of net new job creation in the last 30 years has come from new startups--specifically companies created during this time frame. As the global economy continues to struggle, entrepreneurs, through new startup companies, are leading the way in creating new innovations, new products and services, and new jobs. At the same time, they are rejuvenating the economies of many cities around the world as they create the basis for the next wave of economic growth. There is a startup revolution happening throughout the world--join in! Where are some of the hot startup communities building today? As the small town of Boulder, Colorado has gained international prominence as a hotbed of startup activity, many other cities throughout the world are seeing great growth through the creation and development of new startups. Cities big and small, like New York, Boston, Chicago, Portland and Austin, as well as countries like Iceland are seeing their startup communities revitalize and re-energize their city. Is this book a blueprint for building startup communities? The book defines the Boulder Thesis, drawn from my 17 years of being an entrepreneur and investor in the Boulder startup community, to create a framework for creating a vibrant, long-term startup community. We explore the Boulder Thesis in depth and give lots of examples of implementation, but overall recognize that one of the powerful things about every city in the world is that they have unique characteristics. The Boulder Thesis is a blueprint, but not a prescription, and is easily adopted to any city. What inspired you to create the "Startup Revolution" series? I believe startups are transforming our society. Over the past 100 years, we've gone from an industrial era, where a hierarchical structure dominated business and society, to a post information era where the network is rapidly disrupting the hierarchy and transforming the way we work and live. The "Startup Revolution" series covers each aspect of the dynamics of this change, from Startup Communities, to Startup Life, to specific aspects of business with Startup Boards and Startup Metrics. Who should read this book? Anyone interested in entrepreneurship, startups, economic growth, and innovation.
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From the Inside Flap
"Startup communities" are popping up everywhere, from cities all over the United States like Boulder, Boston, New York, Seattle, and Omaha to countries like Iceland. These entrepreneurial ecosystems are driving innovation, new business creation, and job growth. Startup Communities documents the strategy, dynamics, tactics, and long-term perspective required for building communities of entrepreneurs who can feed off of each other's talent, creativity, and support. So if you think Silicon Valley is the only place to start your next venture, think again. These days, great business ideas can come from anywhere, and this book is the smart wake-up call you've been waiting for. Based on more than twenty years of Boulder-based entrepreneur-turned-venture-capitalist Brad Feld's experience, as well as contributions from entrepreneurs in Boulder and other innovative startup communities—this reliable resource skillfully explores what it takes to create a startup community in any city, at any time. With this book as your guide, you'll gain valuable insights into building a more vibrant startup community, as you discover how to increase the breadth and depth of the entrepreneurial ecosystem by multiplying connections among entrepreneurs and mentors, improving access to entrepreneurial education, creating events and activities that activate all the participants in the startup community, and much more. Along the way, Feld details the critical principles for forming a sustainable startup community, and discusses the various tactics you need to put around them. You'll become familiar with the idea that in order for a community to grow both deep and wide—and to enhance its entrepreneurial density—entrepreneurs must lead the charge themselves. You'll also see how developing a long-term commitment to the startup community is the only way to realistically become a leader of it. Feld continues the conversation by discussing how an openness to include anyone who is interested in joining the startup community—from students, researchers, and professors to corporate employees, lawyers, government, and investors—is critical. He also reveals how there has to be activities and events in the startup community that engage everyone in it from top to bottom. So, whether it be accelerators, meetups, or startup weekends, you have to create things that involve everyone. You can have a sustainable startup community in virtually any city in the world. But you need to know what it takes to really make this happen—understanding everything from the problems that may arise to the power of the community. Engaging and informative, this practical guide not only shows you how startup communities work, it also shows you how you can make them work anywhere.
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Product details
Hardcover: 224 pages
Publisher: Wiley; 1 edition (October 9, 2012)
Language: English
ISBN-10: 9781118441541
ISBN-13: 978-1118441541
ASIN: 1118441540
Product Dimensions:
6 x 1 x 9.3 inches
Shipping Weight: 14.1 ounces (View shipping rates and policies)
Average Customer Review:
4.6 out of 5 stars
172 customer reviews
Amazon Best Sellers Rank:
#64,672 in Books (See Top 100 in Books)
When in September 2013 I arrived in Huntsville, Alabama to help build an entrepreneurial ecosystem in a largely government contractor town focused on NASA and the defense industry, this wonderful book was my "cookbook" on how to proceed. The morning coffee networking group was key to getting started, and HOTCoffee (Huntsville Open Tech Coffee) is going strong today, with over 60 participants every other Friday morning. Stating clear principles of inclusion and giving before you get from the outset was key to setting expectations and rules of engagement. Over the years we have seen many exciting new initiatives spawn from our original networking group, adding depth and reach to the entrepreneurial ecosystem. But alas, the book is also wise to institutional constraints, such as those imposed by universities. And beware entities that want to "own" the ecosystem. As an academic and entrepreneur, I'm aware of a variety of ways to engage the community, and I suggest that this book is a "must read" for anyone serious about building a startup community.
I found Brad's book as an extraordinary framework and tool in which to work from in building a startup community. He even took the time to meet with some entrepreneurs from our community to help and discuss the book in detail. Below is the excerpt on what we learned:"We had the fantastic opportunity to meet with Brad Feld last Friday in Boulder. The agenda was focused on startup communities and more specifically how we could apply the concepts in his book to the Loveland/Fort Collins ecosystem.Ben West, Marshall Smith, and I made the drive over to Boulder and had an opportunity to sit down and have breakfast with Brad and ask him some questions. My takeaways are below:On MeetupsBrad spoke about the success of the various organic meetups that occur in Boulder. He talked about the beginning of the Boulder Open Coffee Meet Up at Atlas Purveyors. A key point he made is to be consistent about having the meetings every month. He said it is easy to get discouraged when there are only a small group of people starting out at first.He advised that the focus should be on the quality of the meetup and the value that each participant is getting from the event. Furthermore, to grow the meet up he said to have each participant invite one friend each month. Without consistency of meetups, then this aspect of the ecosystem will never grow and thrive.Our Action Items:1. Ben West is likely going to lead a monthly Javascript Meetup and get assistance from Marshall. The plan would be to hold the meetings at DazBog, The Coffee Tree, and possibly at The Armory in Loveland.2. I plan to lead through my work with EmployTown a "Skills Bootcamp" once a month to hold discussions on the key skills that job seekers and top performers need to have.3. Hold "Office Hours" at either DazBog, The Coffee Tree, or The Armory in Loveland once a month to help local job seekers, employees, or managers with specific questions that they may have.4. Partner with local business leaders to offer a "Open Forum" for questions and answers on a variety of interesting topics that are happening locally.On Finding Space For The Startup CommunityWe were concerned about finding the space to hold meetups and other informal events. Brad said this is actually easy. He said to begin hanging out at local coffee shops. As more entrepreneurs and people begin hanging out, the coffee shops will get the benefit of increased business with community members buying food and coffee. As the meet ups increase in size, a smart coffee shop will gladly welcome the trickle down in business to them. For larger events, he said adopt local businesses products as the preferred products of the startup community and they will have to notice. He mentioned his adage--"Give before you get".Our Action Items1. Otterbox will be the official technology case for the Fort Collins/Loveland Startup Community.2. Grimm Brothers and New Belgium Beer will be the beer of choice and served at events in the Fort Collins/Loveland Startup Community.3. We will continue this same pattern for other businesses in the startup community as needed and applicable.On Relationships with Other Entrepreneurs/Members of the Startup CommunityBrad laid out numerous case studies as reasons to avoid transactional relationships. He advised to give your time, money (when you can), and effort without any kind of expectations. Conversely, if you can't do something the other community members should hold no grudge against that person. That way there is not a culture of indebtedness. ultimately, this will lead to the strengthening of the community and the entrepreneurial fabric in the community.Additionally, he differentiated neighborhoods and cities. He encouraged us to understand this difference. I was re-assured by this since many of the creative people that we currently know work and live near the Downtown Loveland district.Our Action Items1. Marshall, Ben, and I are currently helping each other with our various projects. Marshall and Ben are already introducing me to their contacts. We will continue to build on this to build our network of entrepreneurs and others that want to be leaders/participants in the startup community in Fort Collins/Loveland.2. Support over community members to give them the best chance at success. Over the long term, more startups and businesses will have success and that will bring in more customers, more employees, and grow the startup community and the entire ecosystem will reap the benefits of this. Eventually, there will be anchor startups that can be pillars to host events and provide further guidance to the rest of the startup community.3. Work harder than ever at supporting other startups in the community as much as our own.These are some of my initial thoughts. I hope to expand in a few weeks on other ideas that I have. Of course, I welcome feedback and suggestions from the Fort Collins/Loveland community and from other communities regarding what has worked and what has stalled.Finally, we would like to extend a huge thank you for Brad Feld for taking time to talk to us and being so gracious in sharing his knowledge and insight in order to help propel us and our startup community."
I have worked with startups and startup ecosystems across the US (Seattle, Los Angeles, Las Vegas and the Bay Area -- with a lot of contact to New York City, Boston, and more), for the last 10+ years, and this book really resonated with me. I've always found that the energy has to start with the entrepreneur participants, and be amplified (and enabled) by the other actors, including investors, press, service providers, and more. But, until I read this book, I had never read anything that laid out the why and how -- Brad and his partners do a great job of making these interactions real, and explaining why things have to start with the entrepreneurs. I'd highly recommend this book for anyone interested in becoming more engaged in the startup ecosystem, and more important, for anyone who wants to make a real difference in their own startup community.
Outstanding. It would be wonderful if more books were written in this format; essentially the author takes one of his premises, genuinely giving without expectation, and uses it to write a book. Although I would bet he could write a wonderful book on his own, using the direct words and and experiences of others makes this book even better. It is always a good idea to learn from the experiences of others, in this case you learn from the author who also allows you to learn from 20+ other very good sources. As much as this can now serve as a handbook for building a community, like most wonderful information much of this can be applied to improve upon many facets of life.
This book does a great job of staying simple.A few highlights:1. How to vet if people will stick in the community. Do or do not...2. Resources to plug in (and their histories so theyre less intimidating and you know more as a newbie): startup digest, startup weekend, tech stars, office hours, y combinator and more.3. Personal experience on what has worked and what hasn't and why in the Boulder startup scene.4. Lots of first hand written excerpts from Brad Felds network.A few critiques: in some places this book suffers redundancy on the lines of "tell em what youre gonna say, say it, tell em what you said". This is a small annoyance that is ultimately good for you as Youll remember things better this way and its like taking vitamins. However, it is apparent to the careful reader.
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