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PDF: The Entrepreneurial Advantage of World Cities

31-page PDF (still to read), "The Entrepreneurial Advantage of World Cities," subtitled "Evidence from Global Entrepreneurship Monitor Data."

From the abstract:
QUOTE
Recent discussions in the Economic Geography literature increasingly focus on creative cities and the importance of creativity for achieving economic growth. Considering the increased attention on urban areas it is not surprising that the regional dimension of entrepreneurship is a subject of great interest. We set out a framework encompassing the individual process between entrepreneurial perceptions and entrepreneurial activity and demonstrate how the urban environment can have an impact on this process.
UNQUOTE

Tags: cities, data, entrepreneurship, reference on 2008-08-08 -All Annotations (0) -About

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"How to Foster Tech Entrepreneurship" by Vivek Wadhwa (Business Week)

Report on research by Vivek Wadhwa, "a former tech entrepreneur, ...Wertheim Fellow at the Harvard Law School and an executive-in-residence at Duke University." Turns out that the idea that tech entrepreneurs are predominantly Mark Zuckerberg's age are exagerrated/ wrong.

Another interesting finding is that lack of health insurance holds many older potential entrepreneurs back. (Yet Canada has affordable universal health insurance, but the US easily overtakes it in the entrepreneurship category.)

Additional insights also re. education and training.

Tags: entrepreneurship, business_week, demographics, startups on 2008-05-02 and saved by 2 people -All Annotations (0) -About

more frombusinessweek.com

Startup hotshots are older and more educated than generally thought; it follows that training and finance skills should be offered to all age groups
recent research I helped lead at Duke and Harvard shows that most U.S.-born tech entrepreneurs are middle-aged and well-educated.
Twice as many tech entrepreneurs start ventures in their 50s as do those in their early 20s, according to our research.
Contrary to the popular belief that tech entrepreneurs start their companies in their teens or early 20s, we found that the average and median age of founders was 39. Twice as many were older than 50 as were younger than 25. And there were twice as many over 60 as under 20. So, we may read stories about young people starting tech companies (BusinessWeek.com, 4/17/08), but they're the minority. Most tech entrepreneurs have grey hair and experience.
Add Sticky Note
- - who would have guessed...?
  posted by lampertina on 2008-05-02
Very few tech entrepreneurs dropped out of college to start their companies. We found the vast majority (92%) of founders held bachelor's degrees, 31% held master's degrees, and 10% had completed PhDs. Nearly half of these degrees were in science-, technology-, engineering-, and mathematics-related disciplines. And one-third were in business, accounting, and finance.
But that was significantly higher than their proportion of all graduates. In other words, you don't need to graduate from an elite university to become an entrepreneur, but graduates of Ivy League schools were more likely to become entrepreneurs than others.
Add Sticky Note
- - a greater competitive streak? Or just more competition drilled into them from a young age?
  posted by lampertina on 2008-05-02
Only 8% graduated from Ivy League schools.
Founders holding MBA degrees established their companies the soonest compared to other advanced-degree holders—an average of 13 years after graduation. Master's-degree holders took 14.7 years and bachelor's degree holders took 16.7 years. Those with PhDs typically waited 21 years.
Add Sticky Note
- - those with PhDs are likely too heavily invested in institutional academia/ research to make the entrepreneurship leap quickly
  posted by lampertina on 2008-05-02
Our findings raise questions about how to best foster tech entrepreneurship. It is clear that education provides significant advantage, but most of these would-be entrepreneurs spend years in the workforce before starting their companies. That means if we want to boost entrepreneurship, we need to understand what might be keeping middle-aged workers from starting their own businesses. The next upstarts won't all be found in the university business-plan contests—they'll be found in the workplace.
Last year, the Kauffman Foundation, which sponsors some of my research, released a working paper titled "On the Road to an Entrepreneurial Economy". It found that health-care costs were a major concern for entrepreneurs and U.S. businesses in general.
It also suggested that school curricula be adapted to foster not just excellence in science and mathematics, but also creativity and entrepreneurial thinking among students.

Justin.tv - DHH Talk - Startup School 2008 - HackerTV - Live Streaming Video

Fascinating presentation by David Heinemeier Hansson, the Ruby on Rails guy and developer at 37 Signals: advice on start-ups, life, the universe, and everything.

Tags: david_heinemeier_hansson, start_up_school, video, 37signals, entrepreneurship, hackertv on 2008-04-22 and saved by 13 people -All Annotations (0) -About

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Yule Heibel's Bookmarks tagged entrepreneurship → View Popular

PDF: The Entrepreneurial Advantage of World Cities

"How to Foster Tech Entrepreneurship" by Vivek Wadhwa (Business Week)

Justin.tv - DHH Talk - Startup School 2008 - HackerTV - Live Streaming Video

Yule Heibel's Related Tags

See More Top Contributors

Related Groups on Diigo

business development list

Social Entrepreneurship

Sasfin - specialise in business banking, debtor finance and financing entrepreneurship.

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