secrets of successful startup ecosystems

Secrets of Successful Startup Ecosystems

Chris Yeh@chrisyeh

You can’t replicate Silicon Valley…

…But you can learn from it.

Lesson 1

• Entrepreneurs are the essential element in the ecosystem

The rest of us are just service providers

Entrepreneurship isn’t economical

• Of every 1,000 companies that seek angel funding, only 6 make money for investors

• Classic math is that 1/10 companies receive funding, 1/10 of those are hits

• Noam Wasserman found the return on entrepreneurship lagged corporate jobs

Entrepreneurs don’t have option value

Lesson 2

• Make it easy for entrepreneurs to start companies (before they wise up!)

Thanks Hugh MacLeod!

Silicon Valley wins because we reduce the friction of company formation

This gets you to success or failure faster

Entrepreneurs are optimists

• 81% of entrepreneurs think their startup will succeed!

• All you have to do is remove obstacles and they do the rest!

Thanks folks!

Chris Yeh@chrisyeh

Business