Building startup communities!

» How can we help grow healthy entrepreneurial
ecosystems?
» Resilient?
» Self-renewing?
» ...
Why not look at successful startup communities?
Serial entrepreneur, VC and one of the architects of Boulder, Colorado‟s t...
Four Constants of Great Startup Communities
» 1. Entrepreneur-Led
» 2. Inclusive
» 3. Rallying Points
» 4. Long Term Persp...
1. Entrepreneur-Led
Bottom-up not top-down
Easy to say, hard to do
Are you a “leader” or a “feeder”?
And do you really, RE...
2. Inclusive as Hell
» Have something for all the different flavors of
entrepreneur in your community:
» Growth/no-growth,...
3. Rallying points
» Startup communities need things to rally around – great events,
recurring events and…
» Great program...
4. Long Term Perspective
» Startup communities take decades to form… even Silicon
Valley dates to the 1950s.
» Check Steve...
More than just connectors
» Fred and Tina are not your usual “connector”
» Think “liaison-animateur”
» Proactive, professi...
Mapping the ecosystem
» Important to understand how everyone is (or is not)
connected -read this! http://bit.ly/Karen_S
» ...
Great startup communities…
» Both build and are built on
» Entrepreneurial human capital and
» Entrepreneurial social capi...
Think “FIRE”…

» FIRE is a useful acronym…
» Defragging an ecosystem requires
(human capital)

» Fostering the entrepreneu...
“Defragging” means…
» Where are you? Map the ecosystem in ways that capture the
dynamics and interconnections
» Where are ...
Want to map the genealogy (dynamics)?
www.heikemayer.com

Strascheg Center for Entrepreneurship www.sce.de All rights rese...
Want to map the content of ecosystems?
http://www.empactsummit.com/ecosystemmap.php

Strascheg Center for Entrepreneurship...
“Defragging” also means…
» Keep it positive!
» Build on what you have, not worry about what you don‟t
have.
» Example: Ass...
“Defragging” also means…
» Great metrics – be data-driven!
» Check out USA site www.youreconomy.org

» Most countries have...
An example of data you can use!
» Idaho‟s numbers 2001-2008
» Startups created 58% of gross new jobs
» Expanding firms cre...
Measuring the Health of your Ecosystem
Peter Vogel http://www.entrepreneursship.org/
has great objective metrics of overal...
Back to the Four Constants of Great Startup Communities
» 1. Entrepreneur-Led
» 2. Inclusive
» 3. Rallying Points
» 4. Lon...
So how do we get started?
Never miss opportunities to…
Celebrate
celebrate what you already have – celebrate your
entrepre...
Do you want in? Want to know more?
Norris Krueger, PhD
Norris.krueger[at]gmail.com
@entrep_thinking
Facebook, LinkedIn, Go...
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"startup communities" Strascheg Centre for Entrepreneurship video slideshow

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Slidedeck that will accompany video** on "Startup communities" (growing your entrepreneurial ecosystem) that was developed for the Strascheg Centre for Entrepreneurship (www.sce.de) in Munich during the 2013 Coneect event (www.coneeect.eu) Slides and video will be combined into online learning module as part of a larger educational program for entrepreneurship educators, civic officials, et al. All Rights Reserved by SCE.

** video link = http://www.youtube.com/watch?v=1poz3eKdSbo

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"startup communities" Strascheg Centre for Entrepreneurship video slideshow

  1. 1. Building startup communities! » How can we help grow healthy entrepreneurial ecosystems? » Resilient? » Self-renewing? » How do we help “defrag” our own startup communities? Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  2. 2. Why not look at successful startup communities? Serial entrepreneur, VC and one of the architects of Boulder, Colorado‟s tech ecosystem Brad Feld: What generalizes across great startup communities? Strascheg Center for Entrepreneurship www.sce.de All rights reserved http://entrepreneurshipidaho.blogspot.com/2013/03/ how-to-defrag-your-entrepreneurial.html Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  3. 3. Four Constants of Great Startup Communities » 1. Entrepreneur-Led » 2. Inclusive » 3. Rallying Points » 4. Long Term Perspective » And how do we make this work? What else do we need? Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  4. 4. 1. Entrepreneur-Led Bottom-up not top-down Easy to say, hard to do Are you a “leader” or a “feeder”? And do you really, REALLY get the entrepreneurial mindset? » Doesn‟t it make sense for strategy and tactics be driven by what the entrepreneurs want? » (what they want, not what we think they need) » » » » Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  5. 5. 2. Inclusive as Hell » Have something for all the different flavors of entrepreneur in your community: » Growth/no-growth, small/large, new/old, rural/urban… » Realize they‟re all interconnected (see „maps‟ below!) » What can you do or support that is the „rising tide‟ that lifts all boats? » Who needs more specialized resources? » Suerangel Chris Devore (@crashdev): Need broad and deep… some need longer runway
  6. 6. 3. Rallying points » Startup communities need things to rally around – great events, recurring events and… » Great programs! » Big fan of the TechStars model (and Global Accelerator Network) check out www.techstars.org » Seattle has StartupWeekend.org » Gothenburg, Sweden has Chalmers School of Entrepreneurship » Enschede, Netherlands has U Twente & VentureLab » Helsinki has Aalto… Aalto Design Factory, Startup Sauna and more » All are student-driven…. (your university could do this too!) Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  7. 7. 4. Long Term Perspective » Startup communities take decades to form… even Silicon Valley dates to the 1950s. » Check Steve Blank‟s “The Secret History of Silicon Valley” (www.steveblank.com - you should read his blog anyway!) » However, there were –and are – great catalysts like Fred Terman, Stanford‟s engineering dean who connected everyone. » People like Tina Seelig continue Stanford‟s efforts – you can never rest on your laurels! Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  8. 8. More than just connectors » Fred and Tina are not your usual “connector” » Think “liaison-animateur” » Proactive, professional but connecting isn‟t their job » Study of a major US city identified the top 100 connectors, local magazine identified the “100 most influential”… overlap was… 1 person » Liaison-animateurs and any good connector is intrinsically motivated Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  9. 9. Mapping the ecosystem » Important to understand how everyone is (or is not) connected -read this! http://bit.ly/Karen_S » Who are your “gatekeepers” (who control access to key resources? » Who are your connectors? Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  10. 10. Great startup communities… » Both build and are built on » Entrepreneurial human capital and » Entrepreneurial social capital » In other words, » Healthy entrepreneurial ecosystems are constantly providing ways to grow the entrepreneurial mindset in the community AND they » Constantly “defrag” the ecosystem itself! » (for more on the DEFRAG model: http://goo.gl/6mmmy and on ecosystems… http://www.slideshare.net/norriskrueger/growing-trulyentrepreneurial-ecosystem ) Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  11. 11. Think “FIRE”… » FIRE is a useful acronym… » Defragging an ecosystem requires (human capital) » Fostering the entrepreneurial mindset broadly and deeply across the community » Inspire the next generation of Ideas (social capital) » Re-capture & reward communities & organizations that return to their entrepreneurial roots » Enhance the Entire Ecosystem (e.g, grow & support connectors) » http://www.slideshare.net/norriskrueger/iic-preso-pdf-new-5749635a (pp. 21-25) Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  12. 12. “Defragging” means… » Where are you? Map the ecosystem in ways that capture the dynamics and interconnections » Where are we going? Where does the entrepreneurial community want to go? » Use these to build a bottom-up, task-driven roadmap » Align resources to the roadmap. » For more on this: http://goo.gl/6mmmy Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  13. 13. Want to map the genealogy (dynamics)? www.heikemayer.com Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  14. 14. Want to map the content of ecosystems? http://www.empactsummit.com/ecosystemmap.php Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  15. 15. “Defragging” also means… » Keep it positive! » Build on what you have, not worry about what you don‟t have. » Example: Asset-Based Community Development (ABCD model) » Example: Don‟t ask “What is the barrier you face?” Ask “What‟s the one thing that will enable launch/growth?” Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  16. 16. “Defragging” also means… » Great metrics – be data-driven! » Check out USA site www.youreconomy.org » Most countries have the same kind of data » SHARE this data with civic officials, other champions of entrepreneurship and your students! Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  17. 17. An example of data you can use! » Idaho‟s numbers 2001-2008 » Startups created 58% of gross new jobs » Expanding firms created 40% » (only 2% from in-migrating firms) Net job creation.. Births – deaths = ~10% of net new jobs Expanding – shrinking = ~90% of net new jobs Most states & countries have similar patterns BUT you need to share this reality… To grow your OWN jobs means you need to grow your own firms, to grow your own entrepreneurs! (also known as “economic gardening”) Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  18. 18. Measuring the Health of your Ecosystem Peter Vogel http://www.entrepreneursship.org/ has great objective metrics of overall health that you can use at local level (see diagram to right) Markers of a Healthy Ecosystem: Take a look at http://bit.ly/EcoSys these make a good dashboard; put it online and let the community rate the ecosystem’s health. Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  19. 19. Back to the Four Constants of Great Startup Communities » 1. Entrepreneur-Led » 2. Inclusive » 3. Rallying Points » 4. Long Term Perspective » And how do we make this work? What else do we need? Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  20. 20. So how do we get started? Never miss opportunities to… Celebrate celebrate what you already have – celebrate your entrepreneurs, celebrate your champions Educate don’t miss chances to educate somebody about the realities of entrepreneurship (and its merits) Initiate and never, ever miss a chance to JFDI, to Just. Do. Something. Strascheg Center for Entrepreneurship www.sce.de All rights reserved
  21. 21. Do you want in? Want to know more? Norris Krueger, PhD Norris.krueger[at]gmail.com @entrep_thinking Facebook, LinkedIn, Google+ Mobile = 1.208.440.3747 Skype = norris.krueger So how can I help you to help grow great startup communities? Strascheg Center for Entrepreneurship www.sce.de All rights reserved

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