Episode 97: What Makes a Good Startup City?

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Today on the podcast we ask, “What makes a good startup city and how does Rochester rank?” Today on the podcast we talk about:

·      A recent “Best of the Midwest Report” released by the Chicago venture capital firm M25.

o   This report ranks the 54 best tech hubs in the midwest based on measurements in three broad categories including: startup activity, access to resources, and business climate.

o   Chicago ranked first in all three broad categories in this report. Minneapolis ranked second overall. Rochester ranked 53rd out of the top 54 midwestern cities, coming in very last in business climate.

·      We also examine additional ways to examine the strength of a startup community, including a 2015 report from Kauffman Foundation called “Measuring an Entrepreneurial Ecosystem.”

o   This report suggests examining three broad categories when assessing strength of an entrepreneurial community including: density, fluidity, connectivity, and diversity.

 

Which set of measurements do you prefer? How do you think Rochester fares in these categories?