how did austin become the no. 1 entrepreneurial city in the united states?
TRANSCRIPT
How did Austin become the #1 entrepreneurial city in the United States?
2016 Mayors Conference on EntrepreneurshipSt. Petersburg, FL
November 30 – December 2
Special Thanks to:the Kauffman Foundation
Dr. Elsie Echeverri-Carroll, Principal Investigator, IC2 InstituteProfessor Michael Oden, Co-Principal Investigator, Community and Regional Planning
Research Support Team of Graduate Students:Evan Johnston, Yimeng Zhao, Jayson Varkey, Karina Alvarez, Jacob Walters, Fiza Mairaj, Alyse Polly
We have a solid understanding of the events that lead to attracting largehigh-tech companies to Austin
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1,296 1,595 2,131 2,582 2,808 3,364 3,507 3,928 4,544 5,266 5,487 5,919 6,622 7,484 8,248 8,8139,997
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Re
gist
rati
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Year
Global Financial
CrisisTech Bust
6 years 7 years 7 years
Source: Texas Secretary of State.Notes: For-profit firms include corporations, LLCs, and LPs. SOS does not include sole proprietorships.
General Trends from the Texas Secretary of State in Austin1990 - 2015
Start-ups: Industry trends for five ICT sectors in Austin1990 - 2010
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Esta
blis
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irth
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First Year
Software Publishers, Computer Systems Design,and Related Services
High-Tech Business Services (Architectural,Engineering, Management Consulting, and otherScientific and Technical Consulting Services)
Commercial Equipment Wholesalers &Telecommunication Related Services
Semiconductor & Electrical Equipment Mfg.
Computer & Related Equipment Mfg.
Source: NETS.Notes: Non-sole proprietor startups in NETS satisfy criteria 1-5. These criteria are: (1) first year is between 1990 and 2012 with a first zip code in the Austin-Round Rock MSA, (2) establishment is
not categorized as a branch, (3) establishment does not have a non-profit legal status, (4) establishment has never been classified in a non-UI NAICS code, (5) establishment is not a sole
proprietorship by employment (had more than one employee in first year) or by legal status. NETS revises data for three years after collection.
Entrepreneurial Spawning Effects
No *: Founded years from SOS*: founded year from NETS**: founded year from website/Bloomberg
Total: 47 startupsBlack: 29 startups Tivoli employees foundedRed:18 startups where Tivoli employees works as managers
IBM
Tivoli Spinoffs in Austin/Founders and Top Managers in Austin
How did Austin Become a High-Tech Entrepreneurial Ecosystem:Expansion of the Incubating Process
Corporations (spinoffs)IBM Tivoli (1989 – 1996; 7 years)
Entrepreneurs (spawning)Tivoli Dazel Corporation (1994)
Entrepreneurial CommunityBuildASign (2005)
Dan Graham
1980 1996 2009 2016