I recently read Brad Feld’s book Startup Communities – Building an Entrepreneurial Ecosystem in Your City.
Brad is a successful entrepreneur and now is an angel investor or VC (like myself). He started Tech Stars in Boulder, Co.
One concept he puts forward is startup communities are made up of entrepreneurs and everyone else. It is the job of everyone else to support and help the entrepreneurs succeed.
He also differentiates between accelerators and incubators. Accelerators have formal short term programs to catapult a company to the next stage. They are often measured by how many companies get follow on funding after the program.
I have had the good fortune to see the startup community in Waterloo that centres around Communitech, the Accelerator Centre, The Tannery, Hyperdrive (an accelerator) etc. I have seen first hand the synergies that a healthy startup community creates.
Canrock is creating a startup community in Long Island. We are more of an incubator with a twist. Many incubators offer only space. We offer space with an environment of dynamic people. We offer mentoring, coaching, training (need to pick up our curriculum of offerings in 2013) as well as shared services fro everything from bookkeeping, payroll, benefits to programming. We can take an entrepreneur group with an idea/sales ability and team them with a programming group to execute on their vision.
I am inspired that Felds was able to have such an impact in Boulder, I am certain we can have similar impact in Long Island.
I liked that he also had parts on failure. Having failures is a part of entrepreneurship. Successful entrepreneurs are those who pick themselves up and move forward.
Good book – worth reading.