On 2 February I spoke to graduate and undergraduate students of Dr. Zsuzsanna Fluck at Michigan State University (MSU). Zsuzsanna teaches graduate and undergraduate courses in private equity and venture capital at the Eli Broad Graduate School of Business. Zsuzsanna is also the director of MSU’s Center for Venture Capital, Private Equity & Entrepreneurial Finance. A few weeks ago I delivered this same lecture to graduate students enrolled in the private equity class of Dr. David Brophy, Ross Graduate School…
What are the elements of a start-up community? What can you do to startup a start-up community in your city, or help it do more—faster? Venture investor Brad Feld (Foundry Group, Boulder, Colorado, co-founder of Tech Stars, blogger Feld Thoughts) writes about these subjects in his other blog StartUp Communities with his new book titled ‘Startup Communities: Building an Entrepreneurial Ecosystem in Your City,’ to be published in the fall of 2012. You can read his first draft, outline here.…
Last time I introduced the questions as topics for answers in this five part post series: 1.) What is the ‘spark’ that ignites the startup of start-up communities? 2.) How does the ‘start-up’ of startup communities differ—emerging markets vs. developed countries? 3.) Why is the US entrepreneurial model of experimentation, trial and error and pivoting a death sentence for entrepreneurs in the emerging markets? And what you can do about it. 4.) How does the culture of risk and failure…