Mon, 13 December 2021
Assessing Your Startup Ecosystem
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
In building your startup ecosystem, take time to assess its effectiveness.
Here are some key points to look for:
Do entrepreneurs connect and learn from each other?
If not, set up events to increase the interactions and foster interactions.
Do the entrepreneur groups share resources?
If not, foster collaboration among the groups and help set up resource sharing such as job boards, funding sources, and other tools.
Do experienced entrepreneurs provide coaching and mentorship?
If not, engage the serial entrepreneurs to capture their experience and share with others.
Does the community have leaders with entrepreneur experience?
If not, help recruit experienced entrepreneurs into the leadership roles.
Do the investment groups provide financial support to a range of companies or only a select few?
If only a select number receive funding, help set up pitch competitions to bring funding to a broader number of startups.
Do the coworking spaces support the startups beyond providing a place to work?
If not, then integrate support organizations with the coworking spaces by having their offices at the coworking space to provide more support.
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