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One of the questions I get asked the most is some version of "what do you think of crowdfunding?" I usually answer with some noncommittal answer about how it is going to be important, but no really knows how it will impact the trajectory and success of startup companies. After all, the notion of banding together through social media to fund the development of a prototype, documentary film or art project has been going on for many years now.
Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week.
Members of Congress are back in their home states and districts for the August recess. They are scheduled to return on Monday, September 9.
A few years back, a report from the Kauffman Foundation shook up the common perception that there were hordes of young tech geeks—all looking to build the next Google or Facebook—driving an entrepreneurial revolution. The Coming Entrepreneurship Boom showed that 55-64 year olds had the highest rate of entrepreneurial activity while 20-34 year olds had the lowest. Last week, a new survey from American Express OPEN shows that the Great Recession didn’t exactly make things any better for Generation Y.
Entrepreneurs start and grow companies despite of government. But Chris Schroeder’s new book Startup Rising: The Entrepreneurial Revolution Remaking the Middle East reveals a quiet, unnoticed revolution in the midst of front page uncertainty surrounding the region after the Arab Spring. The entrepreneurs leading the revolution illustrated in his book have not been waiting for government direction and resources. To the contrary, they have become the leaders.
Granted, Silicon Valley has the sheer volume, but when it comes to the density of high-tech startups you have to look to Boulder—and Fort Collins—and Denver—and Colorado Springs. A new report that contrasts the job creation dynamics in the innovative tech sector against the entire private sector ranks the top 10 metro areas for high-tech startup density and Colorado dominates the list.
See who made eMed's 6 to follow in entrepreneurship this week.
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