The Financial Times recently issued an article titled "US economy: Decline of the start-up nation". The article cites problems the lack of startups poses for the country such as productivity and looks at the density of startup communities across the nation.
If we take a look back to the beginning of this great country, we see exactly that model in effect. Small communities were made up of privately owned businesses, one bank, one general store, one blacksmith, one lumber mill, one saloon. They all worked for and with each other. A cohesive singular unit was formed, and everyone succeeded.
Only when greed and rivalry entered the picture did this simple, successful model cease to function. It became a survival of the fittest and the 'little guy' usually lost. Big business became the only business that could afford to stay in business. This was the dawn of anarchism in American business.
This ultra-modern turn back in time is genius to say the least. The phrase 'There is power in numbers' certainly applies. If enough of these business communities are planted, nurtured, and grown, they could effectively put big business out of business putting small business back in control. The end product is an opportunity for small business to become successful again spreading the wealth across the grid.
Watching Fort Collins, CO sprout as a startup community has been enlightening. Boulder, CO has been a great example and its influence reaches up to Fort Collins. However, each startup community must address its own challenges: How do you educate new angel investors to work with entrepreneurs? How do you get entrepreneurs out of their basement to grow their startup or learn how to work with angel investors? Investors, entrepreneurs, existing businesses, and universities have to commit to building a startup community.
America was built on democracy, teamwork, hard work, and small business. Startups push American productivity forward. They will make America great again.
For more information on startup communities or to join, contact me.