The Way Forward for Entrepreneurship Around the World We are in the
midst of a startup revolution. The growth and proliferation of
innovation-driven startup activity is profound, unprecedented, and
global in scope. Today, it is understood that communities of
support and knowledge-sharing go along with other resources. The
importance of collaboration and a long-term commitment has gained
wider acceptance. These principles are adopted in many startup
communities throughout the world. And yet, much more work is
needed. Startup activity is highly concentrated in large cities.
Governments and other actors such as large corporations and
universities are not collaborating with each other nor with
entrepreneurs as well as they could. Too often, these actors try to
control activity or impose their view from the top-down, rather
than supporting an environment that is led from the bottom-up. We
continue to see a disconnect between an entrepreneurial mindset and
that of many actors who wish to engage with and support
entrepreneurship. There are structural reasons for this, but we can
overcome many of these obstacles with appropriate focus and
sustained practice. No one tells this story better than Brad Feld
and Ian Hathaway. The Startup Community Way: Evolving an
Entrepreneurial Ecosystem explores what makes startup communities
thrive and how to improve collaboration in these rapidly evolving,
complex environments. The Startup Community Way is an explanatory
guide for startup communities. Rooted in the theory of complex
systems, this book establishes the systemic properties of
entrepreneurial ecosystems and explains why their complex nature
leads people to make predictable mistakes. As complex systems,
value creation occurs in startup communities primarily through the
interaction of the "parts" - the people, organizations, resources,
and conditions involved - not the parts themselves. This continual
process of bottom-up interactions unfolds naturally, producing
value in novel and unexpected ways. Through these complex, emergent
processes, the whole becomes greater and substantially different
than what the parts alone could produce. Because of this,
participants must take a fundamentally different approach than is
common in much of our civic and professional lives. Participants
must take a whole-system view, rather than simply trying to
optimize their individual part. They must prioritize
experimentation and learning over planning and execution. Complex
systems are uncertain and unpredictable. They cannot be controlled,
only guided and influenced. Each startup community is unique.
Replication is enticing but impossible. The race to become "The
Next Silicon Valley" is futile - even Silicon Valley couldn't
recreate itself. This book: Offers practical advice for
entrepreneurs, community builders, government officials, and other
stakeholders who want to harness the power of entrepreneurship in
their city Describes the core components of startup communities and
entrepreneurial ecosystems, as well as an explanation of the
differences between these two related, but distinct concepts
Advances a new framework for effective startup community building
based on the theory of complex systems and insights from systems
thinking Includes contributions from leading entrepreneurial voices
Is a must-have resource for entrepreneurs, venture capitalists,
executives, business and community leaders, economic development
authorities, policymakers, university officials, and anyone wishing
to understand how startup communities work anywhere in the world
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