CONTENTS Foreword Preface Acknowledgments Chapter One: Introduction The Example of Boulder How this Book Works Chapter Two: The Boulder Startup Community Boulder as a Laboratory Before the Internet (1970–1994) Pre-Internet Bubble (1995–2000) The Collapse of the Internet Bubble (2001–2002) The Beginning of the Next Wave (2003–2011) An Outsider’s View of Boulder Chapter Three: Principles of a Vibrant Startup Community Historical Frameworks The Boulder Thesis Led by Entrepreneurs Long-Term Commitment Foster a Philosophy of Inclusiveness Engage the Entire Entrepreneurial Stack Chapter Four: Participants in a Startup Community Entrepreneurs Government Universities Investors Mentors Service Providers Large Companies The Importance of Both Leaders and Feeders Chapter Five: Attributes of Leadership in a Startup Community Be Inclusive Play a Non-Zero-Sum Game Be Mentorship Driven Have Porous Boundaries Give People Assignments Experiment and Fail Fast Chapter Six: Classical Problems The Patriarch Problem Complaining About Capital Being Too Reliant on Government Making Short-Term Commitments Having a Bias Against Newcomers Attempt by a Feeder to Control the Community Creating Artificial Geographic Boundaries Playing a Zero-Sum Game Having a Culture of Risk Aversion Avoiding People Because of Past Failures Chapter Seven: Activities and Events Young Entrepreneurs Organization Office Hours Boulder Denver New Tech Meetup Boulder Open Coffee Club Startup Weekend Ignite Boulder Boulder Beta Boulder Startupdigest Cu New Venture Challenge Boulder Startup Week Entrepreneurs Foundation of Colorado Chapter Eight: The Power of Accelerators The Spread of Techstars to Boston and Seattle Techstars Expands to New York Accelerators are Different than Incubators University Accelerators Chapter Nine: University Involvement Silicon Flatirons Some Components of CU Boulder Challenges to Entrepreneurship Programs at Universities Why they Don’t Work in Isolation The Real Value—Fresh Blood into the System The Power of Alumni Chapter Ten: Contrasts between Entrepreneurs and Government Self-Aware Versus Not Self-Aware Bottom Up Versus Top Down Micro Versus Macro Action Versus Policy Impact Versus Control Chapter Eleven: The Power of the Community Give Before You Get Everyone is a Mentor Embrace Weirdness Be Open to Any Idea Be Honest Go for a Walk The Importance of the After-Party Chapter Twelve: Broadening a Successful Startup Community Parallel Universes Integration With the Rest of Colorado Lack of Diversity Space Chapter Thirteen: Myths about Startup Communities We Need to Be Like Silicon Valley We Need More Local Venture Capital Angel Investors Must Be Organized Chapter Fourteen: Getting Started Getting Startup Iceland Started Big Omaha Startup America Partnership Do or Do Not, There is No Try About the Author Index Excerpt from Startup Life Cover illustrations: Silhoueted figure: © Leontura/istockphoto; Silhoueted women and man: © edge69/istockphoto; City Background: C. 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New business enterprises—Environmental aspects. 3. Communities—Social aspects. I. Title. HB615.F45 2012 658.1'1—dc23 2012028586