Building a startup community is not a zero-sum game in which there are winners and losers: if everyone engages, they and the entire community can all be winners.
Brad FeldRead
For a long time, I've ranted against naming your startup community 'Silicon Whatever.' Instead, I believe every startup community already has a name. The Boulder startup community is called Boulder. The L.A. startup community is called L.A. The Washington D.C. startup community is called Washington D.C.
Interpretation
Every startup community should embrace its unique identity rather than adopting generic names.
In this quote, Brad Feld emphasizes the importance of local identity for startup communities. He suggests that each community has its own inherent characteristics and culture that can be better represented by its local name rather than opting for a broad or generic title like 'Silicon Valley.' This focus on specificity fosters a sense of belonging and pride within the community, ultimately leading to more tailored support for local startups.
In practice
A local entrepreneur uses this quote during a pitch to highlight the uniqueness of their business network.
Building a startup community is not a zero-sum game in which there are winners and losers: if everyone engages, they and the entire community can all be winners.
Most innovation is not done by research institutes and national laboratories. It comes from manufacturing - from companies that want to extend their product reach, improve their costs, increase their returns. What's very important is in-house research.
Predicting innovation is something of a self-canceling exercise: the most probable innovations are probably the least innovative.
When you innovate, you've got to be prepared for everyone telling you you're nuts.
Because, you know, resilience - if you think of it in terms of the Gold Rush, then you'd be pretty depressed right now because the last nugget of gold would be gone. But the good thing is, with innovation, there isn't a last nugget. Every new thing creates two new questions and two new opportunities.
The thing about inventing is you have to be both stubborn and flexible. The hard part is figuring out when to be which.
Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.
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