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Entrepreneurial Ecosystem (view source)
Revision as of 13:40, 21 September 2020
, 13:40, 21 September 2020no edit summary
{{Project
|Has project output=Content,Guide
|Has sponsor=McNair Center
|Has title=Entrepreneurial Ecosystem
|Has project status=Complete
}}
The entrepreneurial ecosystem is comprised of a wide array of institutions and resources that contribute to the development of entrepreneurship on a local or municipal level. These components have led to the creation of clusters of entrepreneurial success and economic growth, such as Silicon Valley (Palo Alto, California) or Route 128 (Massachusetts).
====Academic Research====
:Dan Fehder's new paper "Startup Accelerators and Ecosystems: Complements or Substitutes?" uses a regression discontinuity analysis on admission scores to the MassChallenge accelerator to find that accelerators do have a meaningful impact on an entrepreneurial venture's ability to access local resources. [http://danielfehder.com/wp-content/uploads/2015/10/Fehder_Accel_Ecosystem.pdf]
===Incubators===
''in progress''
Venture capitalists specialize in investing in high-growth start-up firms, especially those in technology sectors. A venture capital firm can control a number of funds at any given time. Each fund raises large amounts of money from institutional investors, particularly pension funds and insurance companies, as well as some high net worth individuals. A fund typically lasts for 10 years, choosing a portfolio of start-up companies to invest in within the first 5 years and purchasing equity in those companies. The average start-up will receive 3 rounds of venture capital funding from different syndicates of capitalists over 5-6 years before achieving an IPO, being acquired by another company, or shutting down operations. By unwritten rule, at least one venture capital fund in each syndicate must be less than a twenty-minute drive away from the start-up. As a consequence, venture capital has been established as an urban phenomenon, concentrated in a handful of cities across the United States.
===Venture Capital Investment by Region===
*'''Serial entrepreneurs and previous VC-backed firms''': individual and firms that have found success in the entrepreneurial space, and are likely to engage in entrepreneurship in the future
*'''Universities''': research institutions, that include not just the practice of innovation by members of the university, but also the university's interactions with entrepreneurs, spin-outs, technology transfer offices, and other mechanisms of interaction with the entrepreneurial space
==Useful Entrepreneurship Maps==
* Barcelona startup map [http://w153.bcn.cat/#/]
* Amsterdam startup map [http://app.startupamsterdam.org/#/companies/map?q=locations(Amsterdam,Netherlands)]
* Israel startup map [https://mappedinisrael.com/]
* Startup blink [http://www.startupblink.com/Houston-startups]
* Represent LA [http://represent.la/]
