It's a good book, but Mr. Feld exhibits the same confusion many other venture investors have concerning incubators and accelerators. There are two things that I find especially troubling:
1. Incubators and accelerators are not the same thing. Incubators often work with companies for years, not weeks like the modern day version of accelerators, and their clients have survival rates that far exceed the norm (on average surviving 85% of the time). Incubators often have acceleration programs, but they're for companies that have revenues, that have a management team, and that would like to jump (i.e., "accelerate") to the next level with the help of the competent and experienced advisers who work in incubator management teams. The current use of the term "accelerator" has been appropriated by people who needed a convenient term for their venture investment selection process. For a few thousands of dollars and 90-120 days of mentoring, venture investors see if a business idea...
It's hard to imagine an expert more qualified that Brad Feld to write a book on this topic. Not only is he an extremely accomplished entrepreneur and venture capitalist but he has also spent years supporting and building startup communities around the world.
With the increasing popularity of entrepreneurship, Brad's book provides a critical framework to build a thriving and healthy entrepreneurial ecosystem in any city in the world. At the center of this book is his "Boulder Thesis" which lays out the four key components of a framework for this ecosystem:
1. Entrepreneurs must lead the startup community. 2. The leaders must have a long-term commitment. 3. The startup community must be inclusive of anyone who wants to participate in it. 4. The startup community must have continual activities that engage the entire entrepreneurial stack
Each of these components is explained clearly with helpful examples. Personally, some of the highlights...
I found Brad's book as an extraordinary framework and tool in which to work from in building a startup community. He even took the time to meet with some entrepreneurs from our community to help and discuss the book in detail. Below is the excerpt on what we learned:
"We had the fantastic opportunity to meet with Brad Feld last Friday in Boulder. The agenda was focused on startup communities and more specifically how we could apply the concepts in his book to the Loveland/Fort Collins ecosystem.
Ben West, Marshall Smith, and I made the drive over to Boulder and had an opportunity to sit down and have breakfast with Brad and ask him some questions. My takeaways are below:
Brad spoke about the success of the various organic meetups that occur in Boulder. He talked about the beginning of the Boulder Open Coffee Meet Up at Atlas Purveyors. A key point he made is to be consistent about having the meetings every month. He said it is...
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