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Boston Startup Ecosystem - Liaoyuan & Harvard China Forum
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Small Business & Entrepreneurship
Overview of the Boston tech/startup ecosystem, including resources for startups, tips on doing business in Boston and how to reach influencers, and ways to get plugged in.
David ChangFollow
Entrepreneur & Angel Investor at Hunt ClubAdvertisement
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Boston Startup Ecosystem - Liaoyuan & Harvard China Forum
- Liaoyuan & Harvard China Forum Boston Startup Ecosystem David Chang @changds Harvard Business School, Entrepreneur-in-Residence PersonalVC, Co-founder Feb 10, 2017
- David Chang @changds
- Background
- Startup Experiences
- Direct Via Syndicate/Fund Angel Investments
- How can Boston help grow your business?
- Resources Influencers Community
- Boston Ecosystem Independent Corporate University Investors Accelerators & Incubators Co-working Spaces David Chang @changds
- University Resources www.bostontechguide.com
- H-1B Visa: Global EIR
- Independent Corporate University Accelerators / Incubators Co-working
- Investors Tech Healthcare / Life Sciences Seed Stage Growth Stage Early Stage Angel Groups Corporate VC Corporate VC Energy www.bit.ly/Boston-area-investors
- Influencers
- Local Pillar Tech Companies www.bostontechguide.com
- Media Publications Podcasts www.twitter.com/changds/lists/boston-tech-journalists/members www.twitter.com/changds/lists/national-tech-journalists/members
- Strong Industry Vertical Clusters www.seeingbothsides.com/2016/09/13/a-guide-to-the-boston-startup-scene-fall-2016 MarketingTech e-commerce Cybersecurity Cloud Travel Mobile EdTech Robotics LifeSciences HealthIT Energy
- Finding the Functional Experts David Chang @changds Development Design Product Marketing PR Legal
- Amplify Your Network
- Community
- Events & Networking www.bostontechguide.com
- www.greenhornconnect.com/events
- Community Groups & Trade Organizations www.bostontechguide.com
- www.seeingbothsides.com/2016/09/13/a-guide-to-the-boston-startup-scene-fall-2016
- www.bostontechguide.com
- Talent EcosystemCapital
- Liaoyuan & Harvard China Forum Boston Startup Ecosystem David Chang @changds Harvard Business School, Entrepreneur-in-Residence PersonalVC, Co-founder Feb 10, 2017
Editor's Notes
- About me Boston tech startup/entrepreneurial ecosystem – players & resources Doing business in Boston Title: Boston Startup Ecosystem - Liaoyuan & Harvard China Forum Description: Overview of the Boston tech/startup ecosystem, including resources for startups, tips on doing business in Boston and how to reach influencers, and ways to get plugged in. Tags: startups, entrepreneurship, boston, business, accelerator, university, investor
- Born in Taiwan Surreal for me to be an advocate of Boston Full circle - so much activity between US/China
- First 10 years of professional life in NY Came to New England (like you), thinking a great place to go to school
- …but never left Next 15 years Dumb luck: 1000+ amazing people, 5 startups/5 acquisitions My startup perspective shaped by where I’ve been
- Past 5 years – lucky to invest in other people Small checks - very early/seed level Focus: software, ONE THIRD in women
- Walkable city – different vibes Different clusters Density Boston today (credit Jay – TechScene)
- So much so, I’ve traded planes for bikes Neighborhoods: Back Bay, Seaport, Innovation District, etc.
- Density (talent – vets & startups) Here’s a real example: actual day (Wanderu, CO, Robyn, CIC)
- New talent – students: 400 years vs 40 years (SV) I’m just one person (hopefully I’ve had an impact) – how about 10, 100, 1000, 10000
- …To help focus, what are your top obstacles? Columbia startups How to sell in the U.S.? Want to manufacture in Mexico and form distribution partners in the U.S. / buying How to form commercial alliances / brand awareness for materials distributors (e.g., architects, design firms). Already exporting How to find partners (including tech transfer) for medical devices/biotech? Both big (e.g., Medtronic, Genzyme) and small players How to find partners in VR? How to find mentors (retail)? How to find coaching in farming (e.g., Freight Farms)? How to expand in the U.S.? Investors Surprised to see so many software startups here (assumed valley was the place). How to choose location for software companies? Already selling in the U.S. / corp dev Korea startups How to do I get my first customers? (for artist JPG marketplace) There’s lots of expertise in robotics in MA. How do I meet them?
- 3 kinds of resources/capital: 1) financial, 2) human, 3) real estate Get them from 3 types of places Lines blurring on both axes
- …let’s start with resources closest to you Huge assets: look for ways to connect with universities If you’re a student Money: for students: business plan competitions, seed funds Programs Other students If not Recruiting Mentor on campus
- Explosion of accelerators Lines blurred: Corp – left (independent - DCU) to right (strategic – AthenaHealth) Bolt more venture fund Staples, Launch Lab https://bostonstartupsguide.com/guide/boston-coworking-spaces-roundup/
- Lines blurred: human – network model: pillar, underscore space – p11, nextview, accomplice
- Meeting customers, partners, business people, tech veterans, experienced operators
- Leverage veterans 2,000 mentors
- In all this time, resisted silicon valley (all my acquirers there) Carried a business card from some of these companies (except Hooli)
- Things you can do by yourself Lots of industry trade publications as well Blog Podcasts Journalists
- Find experts and movers/shakers in your industry World's foremost influencers in these verticals Either at big company or startup themselves
- Horizontal functional experts (unlike verticals) People – advisors, board members, co-founder, freelancers, employees Shops / agencies (e.g. web/mobile dev shops) https://www.evernote.com/l/ACRarcLgBDZPgqU0fj0jZcGuEFpj_HTr63U www.bostontechguide.com
- Everyone is 1 degree away Don’t be shy: Investors need you as much
- …Best way is to get out there So many events
- Trouble is too many events – how to pick Greenhorn Connect is a great resource http://www.starthub.org/events BostInno weekly events VentureFizz weekly events
- Credit to NextView Contents: Tech Companies – big/small customers Investors Development shops Universities Accelerators / Incubators / Co-working Spaces Govt Media/Pubs Events
- You are in a special place. 3 key ingredients: Talent density: students (250K), veterans / startups (350+ mobile), corp leaders Capital: angel/VC, $37B funding (seed exploding, A trouble) Ecosystem: customers/partners (e.g. Mullen down the street), accelerators, schools, orgs
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