Wed, 1 December 2021
Components of a Startup Ecosystem
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
A startup ecosystem is a network of startups, investors, and others who come together to foster startup formation and growth.
It is fueled by talent, funding, and customers.
In building your startup community, tap successful serial entrepreneurs to lead.
Use their star power to capture attention and draw investors and startups to your area.
Focus your efforts on the strengths of the local community and build startups in those domains.
Develop clusters of startup activity to create density as it’s the interactions between the startups, investors and providers that count.
Foster collaboration with other startup ecosystems to share resources.
Generate publicity for your ecosystem through events and articles.
Metric your results by capturing the number of startups formed, funded, and exited.
Building a robust startup ecosystem takes a decade, but the results will last many more years.
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