{"id":43188,"date":"2023-10-20T15:26:46","date_gmt":"2023-10-20T15:26:46","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/top-20-vc-brad-felds-four-step-guide-to-turn-australia-into-a-thriving-startup-ecosystem-startupsmart\/"},"modified":"2023-10-20T15:26:46","modified_gmt":"2023-10-20T15:26:46","slug":"top-20-vc-brad-felds-four-step-guide-to-turn-australia-into-a-thriving-startup-ecosystem-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/top-20-vc-brad-felds-four-step-guide-to-turn-australia-into-a-thriving-startup-ecosystem-startupsmart\/","title":{"rendered":"Top 20 VC Brad Feld\u2019s four-step guide to turn Australia into a thriving startup ecosystem – StartupSmart"},"content":{"rendered":"
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According to one of the world\u2019s top venture capitalist, any reasonably-sized city can transform itself into a thriving startup with a lot of passion and talent.<\/p>\n

Speaking at an event hosted by the UniSA Centre for Business Growth, top 20 VC Brad Feld spoke about how he helped grow the now dominant Boulder startup community in the 90s and how Australian cities can follow in its footsteps.<\/p>\n

\u201cI have a deeply held belief that you can build a startup community in any city in the world that has at least 50,000 people,\u201d Feld says.<\/p>\n

\u201cAnd every city in the world that has 50,000 people needs a startup community if it wants to be a vital long-term city.\u201d<\/p>\n

After witnessing the growth in that city, Feld developed the \u2018Boulder thesis\u2019 and identified four crucial factors that any city needs to implement in order to nurture local startups.<\/p>\n

1. It has to be led by entrepreneurs<\/h3>\n

The investor says that every city is split up into \u201cfeeders and leaders\u201d.<\/p>\n

\u201cThe leaders are the entrepreneurs and the feeders are everything else,\u201d he says.<\/p>\n

\u201cIf you don\u2019t have a critical mass of leaders who are entrepreneurs then your startup community won\u2019t make any progress.\u201d<\/p>\n

While the feeders, including government and investors, are crucial to a city\u2019s development, if the push isn\u2019t led by founders and entrepreneur it\u2019s doomed to fail, Feld says.<\/p>\n

\u201cIf you are an entrepreneur and you realise something is missing in your startup community you should just go start it,\u201d he says.<\/p>\n

\u201cEntrepreneurs just start stuff.<\/p>\n

\u201cThat wonderful chaos is a key part of the dynamics around startup communities.\u201d<\/p>\n

2. You have to take a long-term view<\/h3>\n

A startup ecosystem won\u2019t be magically built overnight, Feld says, and the process should be viewed as a 20-year cycle.<\/p>\n

\u201cThis is critical and it\u2019s one of the separations between leaders and feeders \u2013 most feeders run on a much shorter cycle,\u201d he says.<\/p>\n

3. You have to be inclusive<\/h3>\n

A startup ecosystem needs to be open to anyone that wants to participate in it, he says.<\/p>\n

\u201cYou have to be inclusive of anyone that engages at any level and be more aware of diversity across all dimensions,\u201d Feld says.<\/p>\n

\u201cIf you want to build a vibrant startup community you have to include anyone that wants to be involved.\u201d<\/p>\n

4. You need regular events<\/h3>\n

A community needs to have regular events focused on entrepreneurial in order to bring every group together, Feld says.<\/p>\n

\u201cYou have to have activities and events that engage everyone continuously at all levels of the startup community,\u201d he says.<\/p>\n

\u201cIt can be anything but you especially have to have a focus on the practice of entrepreneurship \u2013 that\u2019s why accelerators and startup weekends are so impactful.<\/p>\n

\u201cIt\u2019s one thing to sit around and talk about things but then you\u2019re not practising entrepreneurship.\u201d<\/p>\n

Follow StartupSmart on<\/em> Facebook,<\/em> Twitter, <\/em>LinkedIn <\/em>and <\/em>SoundCloud.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

According to one of the world\u2019s top venture capitalist, any reasonably-sized city can transform itself into a thriving startup with<\/p>\n","protected":false},"author":1,"featured_media":59930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/43188"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=43188"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/43188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/59930"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=43188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=43188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=43188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}