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Once a blue-collar outpost, Seattle, home to Microsoft, Amazon, and
hundreds of startups, transformed into one of the world's major
innovation hubs in less than twenty years. As other cities try to
solve the riddle of creating vibrant economies, many have looked to
Seattle as a model for tech-driven urban renaissance. However, that
success comes with skyrocketing housing costs, increasing
homelessness, public safety concerns, persistent racial inequality,
and a widening gap between the haves and have-nots. Against that
backdrop, big tech has become a popular target. Tom Alberg, a
venture capitalist who was one of the first investors in Amazon,
draws on his experience in Seattle's tech boom to offer a vision
for how cities and businesses can build a brighter future together.
He explores ways that cities can soar to prosperity by creating the
conditions that encourage innovation. Like flywheels, livable
cities generate momentum by drawing creative citizens who launch
businesses. Success attracts more talent, energizing local
economies and accelerating further innovation. Alberg emphasizes
the importance of city governments and tech companies partnering to
address civic challenges. He reflects on why the benefits of the
tech boom have not been distributed equally and what business and
government leaders must do differently to ensure inclusive growth.
The book also examines success stories from smaller cities and
their lessons for other up-and-coming tech hubs. Demonstrating the
need for innovative thinking that encourages livability alongside
economic growth, Flywheels is timely reading for everyone from
mayors to business leaders to engaged citizens.
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