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Founders Flash: Next Generation of Entrepreneurs Step Outside Silicon Valley

Recently, LinkedIn’s co-founder Reid Hoffman said that Silicon Valley is – and will remain – the epicenter of entrepreneurs and emerging companies. But younger entrepreneurs strongly disagree; many believe that starting a company outside Silicon Valley is key to their companies’ survival.

While there are plenty of reasons for Silicon Valley’s dominance (an abundance of young talent, a culture of accepting transplants and easy access to capital), there’s no absolute truth to the idea that Silicon Valley is the best place on the planet to build and scale a business right now.

Founders Flash: Silicon Valley named leading ecosystem for tech startups but other cities are close on its heels

The Flash certainly took interest when benchmarking firm Compass, last week, released its global ranking report on startup ecosystems. The ranking of global regions is based on how well areas nurture top tech talent, host profitable businesses and expand into foreign markets. Silicon Valley continues to be the leading region for tech startups, but other cities are quickly climbing the ranks. New York City jumped three spots to take second place and Tel Aviv, also jumping three spots, moved into the top five. The Flash is interested to see if other regions will be able to give Silicon Valley a run for its money in the near future.

The Flash also checks in with Buffer, the social media management company that is on a quest to create a self-managed workplace culture. A $7 million startup with zero managers? Talk about transparency…

These and more in this week’s edition of The Flash!

Founders Flash

Some highlights from this week’s articles:

“Mobile is not just an industry in and of itself. It is also the foundation upon which an impressive array of industries—new and old—have taken root and flourished.” – The Mobile Revolution: How Mobile Technologies Drive a Trillion-Dollar Impact, BCG Perspectives

“When you try hard to stay true to who you are—especially as a leader—Ibarra says you end up focusing your time and energy on what you know really well and you get into this ‘authenticity trap,’ which stops you from evolving.” – Why “Being Authentic” Is Holding You Back, Vivian Gang, Fast Company

“Sometimes a smaller, tight-knit community may serve you better, especially if the location in question has great programs and incentives (like grants and tax credits) for startups in your sector.” – Taking Your Startup to the Next Level Doesn’t Mean You Have to Take It Somewhere New, Amanda Parker, Entrepreneur

Founders Flash

Our favorite articles from the week discuss Aereo’s bankruptcy plans, examine how immigration reform may affect falling start-up rates, offer eight reasons to launch your start-up outside of Silicon Valley, and analyze what Spain’s new tax bill means for the start-up ecosystem.

Happy reading!

Founders Flash

Our favorite articles from the week advise how to make the most of LinkedIn, discuss why the start-up community in Boston is friendlier to women than in Silicon Valley, explain what you should be doing to survive your first year as a start-up, and offer tips on increasing attendance at start-up events.

Happy reading!

Founders Flash

Our favorite articles from the week offer tips on attracting top-notch talent without paying top-dollar, explain how an entrepreneur’s passion can destroy a start-up, suggest how and when to start thinking globally, and explain why location doesn’t matter in 2014.

Happy reading!

Founders Flash

 Is Britain the new digital frontier?

Chief Executive of Tech City UK, Gerard Grech, wants leading marketers to view Britain as the new digital frontier. In a speech to ISBA, a group for British advertisers, Grech urged collaboration between Britain’s marketing and technology sectors, stressing that the success of digital technology businesses is crucial if Britain is to remain competitive on the world stage. The union of these two sectors, he said, is already driving innovation in areas such as programmatic trading, big data and ecommerce. Tech City UK is also continuing initiatives to reach the consumer at a targeted micro level (smartphones, tablets, etc.), and working closely with several household brands to accelerate the Internet of Things space.

Founders Flash

 Founders Flash

Our favorite articles from the week explain why it’s never been a better time to create a luxury start-up, explain how one start-up in selling America on solar energy, discuss the merits of starting up in Pittsburgh, and advise how to build a globally successful start-up.

Happy reading!

Founders Flash

This week’s articles explain some possible consequences of serial entrepreneurship, list five things to know about patents for start-ups in the fashion industry, discuss the tech ecosystem in France, and offer advice on how to prepare for a press meeting.

Founders Flash

This week’s articles make a list of start-up resolutions for 2014, identify new global start-up cities, explain why public speaking skills are essential to starting a business, and discuss the benefits of having offices in multiple locations.