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The Achilles Heel of Startup Ecosystems

This is going to be BIG.

Across the world, various economic development organizations, government agencies, and non-profits are putting in admirable and well-intentioned efforts to develop startup ecosystems. This is exactly the wrong way to think about the economic opportunity presented by innovation.

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VCs discuss the opportunities – and challenges – in Pittsburgh’s startup ecosystem

TechCrunch

I asked Peduto and Mawhinney what the single biggest obstacle has been in building out Pittsburgh’s startup ecosystem. Raising funding is, of course, a hurdle regardless of location, but many VCs have been reluctant to invest in startups outside of traditional hubs like San Francisco and New York.

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Steve Case Testifies on Expanding Access to Capital Across America

Revolution

Ive been grateful to see that support firsthand throughout my careerwhether through the passage of the JOBS Act , the creation of Opportunity Zones , or, most recently, the Regional Technology and Innovation Hubs (Tech Hubs) initiative. We all know that talent is everywhere, but opportunity is often not.

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beSUCCESS Media spotlights the vibrant Korean startup ecosystem at BEYOND Expo in Macau

AsiaTechDaily

At the BEYOND Expo, beSUCCESS Media presented the company’s efforts to support Korean startups at the Korea Tech Reception, a gathering of leading media and tech companies from Asia and worldwide. beSUCCESS Media site AsiaTechDaily.com brings news regarding the Asian startup ecosystem and technology and innovation in Asian companies.

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What minority founders must consider before entering the venture-backed startup ecosystem

TechCrunch

With venture investors committing to funding Black and minority founders, alongside the growing availability of government-backed proposals, such as New Jersey allocating $10 million to a seed fund for Black and Latinx startups , can we expect to see fundamental change? But what about the demographics of the VC firms?

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Detroit’s Monica Wheat Strengthens Startup Ecosystem with Equality and Inclusion

StartupNation

In addition to providing financial support to female-led startups and minority entrepreneurs in Detroit, Wheat is founder and executive director of Digerati Girls and Digerati Kids , a nonprofit organization that introduces young girls to digital and tech careers through coding classes and workshops. Originally published on DBusiness.com.

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Malaysia’s Economy Minister Outlines Government’s Vision for Startup Ecosystem Reforms

AsiaTechDaily

Register The Malaysian Economy Minister, Rafizi Ramli, has announced that the government plans to reform the country’s startup ecosystem. The minister explained how the government will focus on enhancing funding and investment opportunities, particularly at the seed and angel investor stages.