Never Mind Silicon Valley: Boston’s Thriving Startup Ecosystem

ReadWriteWeb just wrote an intriguing post pointing out that venture capital investment and startup activity grew in the state of Massachusetts during the last half of 2009.

In a video of a speech that Jeff Bussgang of Flybridge Venture Partners gave at Harvard Business School, Bussgang contends that Boston has a superior startup ecosystem compared to New York.

He claims Massachusetts is the number one generator of patents on a per capita basis in the U.S.–more than California or New York. “Imagine a steaming mass of innovation,” says Bussgang.

In almost every talk I have given related to Creative Capital, I am asked why Boston has fallen behind Silicon Valley as America’s center of innovation. This talk by Bussgang provides one of the best counterweights to that argument I have ever heard.

Bussgang says there are four factors that help create a vibrant ecosystem:

1. Intellectual Capital: ideas, industries and universities
2. Venture Capital: the fuel that fires startups
3. Angels, advisors and accelerators who swarm around and help startups lift off
4. Successful Companies to partner with, poach talent from and/or sell

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2 Responses to “Never Mind Silicon Valley: Boston’s Thriving Startup Ecosystem”

  1. Venture Capital Discussion at Vilna Shul – Perspectives on 2009, 2010 and beyond « High Tech History Says:

    […] “In almost every talk I have given related to Creative Capital, I am asked why Boston has fallen behind Silicon Valley as America’s center of innovation. This talk by Bussgang provides one of the best counterweights to that argument I have ever heard.” [There is a video of Bussgang discussing this in more detail in this Creative Capital blog post]. […]

  2. Buyerzoneblogger Says:

    I was listening to WBUR the other night and I heard an interview with a woman who was working for the city of New York; she was talking about New York being “the next Boston” for startups. Being from Boston, I’m not too familiar with the start-up culture in New York, but it seems like a pretty expensive place to lease an office, compared to Boston and its surrounding cheaper suburbs. But she was right about NY being where the money is. Not that Boston isn’t where the money is.

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