This article originally published on the Center for American Entrepreneurship Ideas Blog
My new book with CAE Advisory Board member Brad Feld published yesterday. The Startup Community Way: Evolving an Entrepreneurial Ecosystem is essential reading for entrepreneurs, community leaders, policymakers, and other key stakeholders looking to entrepreneurship as an engine of innovation and economic growth. As more cities, regions, and nations embrace entrepreneurship, it is widely recognized that the environment in which a startup operates plays a role in the likelihood of its success. For this reason, the topic of “entrepreneurial ecosystems” has begun to play a bigger role in many economic policy agendas.
The Startup Community Way details the key characteristics, critical behaviors, and basic function of startup communities and the related but distinct concept of entrepreneurial ecosystems. The book offers guidance to practitioners and observers about how to better understand and engage with communities of support and knowledge-sharing for the benefit of entrepreneurs anywhere. We convey a clear philosophy and process of bottom-up discovery for entrepreneurs, community builders, and civic leaders to apply as they navigate the inherent uncertainty of these systems.
The Startup Community Way establishes the systemic properties of startup communities and entrepreneurial ecosystems, explaining why their complex nature leads to predictable mistakes. A complex web of interdependent people, organizations, resources, conditions, unique to each time and place, combine in unanticipated ways to unlock value for entrepreneurs. Value creation unfolds through the continual interactions between system participants, resulting in a whole that is greater and substantially (Read more...)