Last week, the University of Nebraska-Lincoln released its State Entrepreneurship Index. Eric Thompson, an economics professor and director of the university’s Bureau of Business Research said,
What surprised me after looking at the stats is how low my home state of Colorado was ranked. I've always thought that CO was a great place to start a business. With an international airport, a tech community stretching from Denver to Boulder, an approachable community of investors, and other factors; I was thinking we'd at least be in the top 20. Apparently my assumptions were not founded on real data. According to the report, CO has fallen from her former glory dropping 15 spots to number 33.
First on the report and holding the position for at least the last 3 years is NYC. Any guesses on who come in last? South Carolina. Guess I don't have a comment one way or another as I know nothing about the state's economic and entrepreneur climate.
Despite this poor ranking there are several noteworthy organizations making great strides in developing and producing entrepreneurs for Colorado. One of which is Boulder based TechStars. A quick glance at their website and one can see that this organization is proud of the work being done for CO based techies.
"TechStars provides seed funding from over 75 top venture capital firms and angel investors who are vested in the success of your startup, as well as intense mentorship from hundreds of the best entrepreneurs in the world."
TechStars also has operations in Boston, New York City, and Seattle. It should be noted that these three cities parent states hold the number 1,2, and 3 top spots according to the study. Coincidence? I think not.
"The Indus Entrepreneurs (TiE), was founded in 1992 in Silicon Valley by a group of successful entrepreneurs, corporate executives, and senior professionals with roots in the Indus region. There are currently 13,000 members, including over 2,500 charter members in 57 chapters across 14 countries. TiE’s mission is to foster entrepreneurship globally through mentoring, networking, and education."
With the state of economic affairs in our country I believe that entrepreneurs play a tremendous role in revitalizing our economy. Entrepreneurs are innovative and the lifeblood of what makes our country great. They are problem solvers, job creators, community minded, and are keepers of the American Dream. For those of you folks who have the itch, are on the fence, are tired of corporate America, and want to be your own boss- TAKE THE PLUNGE! Our state and our country need more of you. There are organizations to support you. What are you waiting for?
When is NOW the right time?
Recommended books on entrepreneurism:
- Jumpstart Foundry Named as Charter Member of TechStars Network (prweb.com)
- Rent the Runway: How Two Women Are Making Luxury Fashion Affordable (mashable.com)
- Flash Sales: How One Entrepreneur Bootstrapped a Burgeoning Fashion Empire (mashable.com)
- Do You Have What it Takes to Be an Entrepreneur? (mashable.com)
- Aspen Institute's MBA Ranking Includes Four Colorado Schools (theicosamagazine.com)
- How Kiva.org's CEO Uses Social Media to Spark a Dialogue of Change (mashable.com)
- Why One Entrepreneur Left His Dream Job to Build a Better Sharing Platform (mashable.com)
- TechStars CEO David Cohen On Giving Startups A $100,000 Shot In The Arm (Or A Kick In The Pants) (fastcompany.com)
- TechStars and Kauffman Foundation Join Together to Provide Entrepreneurs Better Access to Seed Accelerators (kauffman.org)
- TechStars Officially Grows Up: Adds $100,000 of Funding for Every Startup (mashable.com)