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> "the accelerator occupies an ambiguous position within the continent’s startup ecosystem, at once bringing in necessary funding and attention..." One of the
by benjaminjosephw 6y ago
> "the accelerator occupies an ambiguous position within the continent’s startup ecosystem, at once bringing in necessary funding and attention..."
One of the biggest problems with startup ecosystems outside of SV is the perception that funding is a necessary step to start a disruptive high-growth company.
Talent and time are the only two things that founders really need and it's the main thing that early-stage investment buys anyway. There are lots of ways to collect and organize these two resources - heavy capital investment is just one of them.
In places where the cost of living is low and where there are talented people the investment models should look different to SV.
The very nature of innovation and disruption require new perspectives and ways of thinking. Global entrepreneurial communities could rise above and beyond SV if they stepped out of its shadow.