fastcompany:

Does wealth lead to innovation? Our list finds that median household income doesn’t determine startup success.
Why? “There is a reasonable hypothesis that areas that are fertile for startups are fertile at a point in time, such as Detroit in the 1890s,” says Ed Glaeser, Eleanor Glimp Professor of Economics at Harvard. “Startups come, they succeed, and then it becomes progressively less friendly as the area becomes wealthier. A few dominant firms emerge and they eventually end up pushing out startups. Areas then have to find a way to reinvent themselves.”

fastcompany:

Does wealth lead to innovation? Our list finds that median household income doesn’t determine startup success.

Why? “There is a reasonable hypothesis that areas that are fertile for startups are fertile at a point in time, such as Detroit in the 1890s,” says Ed Glaeser, Eleanor Glimp Professor of Economics at Harvard. “Startups come, they succeed, and then it becomes progressively less friendly as the area becomes wealthier. A few dominant firms emerge and they eventually end up pushing out startups. Areas then have to find a way to reinvent themselves.”

stanfordbusiness:

“Entrepreneurs, doing something that matters to you more than money is a great way to succeed because even if you don’t succeed, the world will be in a better place,” shared Tim O’Reilly, founder and CEO of O’Reilly Media. In this Stanford University Entrepreneurship Corner podcast, O’Reilly shares 10 important lessons for start-ups: http://stnfd.biz/kHLVq 
Credit: AP Photo/David Paul Morris

stanfordbusiness:

“Entrepreneurs, doing something that matters to you more than money is a great way to succeed because even if you don’t succeed, the world will be in a better place,” shared Tim O’Reilly, founder and CEO of O’Reilly Media. In this Stanford University Entrepreneurship Corner podcast, O’Reilly shares 10 important lessons for start-ups: http://stnfd.biz/kHLVq 

Credit: AP Photo/David Paul Morris

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