Another Look At The Venture Regions & Some Recommendations
There have been a number of studies conducted on various regions and their entrepreneurial activity levels. While these studies have been as unsophisticated as my recent Urtak poll, other surveys have been more rigorous and thoughtful. Recently Matt Shapiro, a recent MBA graduate, took advantage of his MBA project work to create a relatively robust ‘entrepreneur census’.
The census attempts to take a broader look at how Silicon Valley, Boston and New York perform in offering entrepreneurs the services and environment that they need to succeed with the objective of identifying ways to make regions more entrepreneur-friendly.
While there are arguably ways in which the statistical validity of the report can be questioned, one finding that I found interesting was that rent expense in New York was reported by entrepreneurs to be lower than in Silicon Valley and in Boston. One could hypothesize that this might be due to the increasing availability of entrepreneur workspaces, office sublets and startup communities popping up in lower cost parts of the New York Metro (such as Brooklyn). In the chart below, the blue bars are the mean response and the red are the median.
You can see the report below. I also put a copy of the report in a drop – you can download it here.
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