"Want Your Startup to Succeed? Stay Home"
"A new study shows that startups do better when they’re launched in the place where their founders were born or have lived for a long time. Makes sense, but the reasons why are surprisingly complex and modern."
Mines the findings of Professor Olav Sorenson that startups are likely to do better in their hometown - more profitable and stable because of social connections.
Notes that the exception is if you happen to have a venture capitalist in your backpocket, in which case, pack up and move where they tell you to go.
Interested? Click the article text or image above to follow the link.
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"A new study shows that startups do better when they’re launched in the place where their founders were born or have lived for a long time. Makes sense, but the reasons why are surprisingly complex and modern."
Mines the findings of Professor Olav Sorenson that startups are likely to do better in their hometown - more profitable and stable because of social connections.
Notes that the exception is if you happen to have a venture capitalist in your backpocket, in which case, pack up and move where they tell you to go.
Interested? Click the article text or image above to follow the link.
Share this mini with your friends using the icons below.
- Source is ReadWriteWeb.
- Related Link: Start Up and Start Over States of Mind.
- What influences in your background might make the place your living a good are bad place to start up?
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