Difference between revisions of "Austin TX Emerging Ecosystems (Blog Post)"
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Ranked #1 for Startup Metropolitan Area Data (ranked #1 in 2015) | Ranked #1 for Startup Metropolitan Area Data (ranked #1 in 2015) | ||
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Rate of New Entrepreneurs: .60% | Rate of New Entrepreneurs: .60% | ||
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Opportunity Share of New Entrepreneurs: 79.88% | Opportunity Share of New Entrepreneurs: 79.88% | ||
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Startup Density: 105.2 | Startup Density: 105.2 | ||
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Rate of Business Owners: 7.97% | Rate of Business Owners: 7.97% | ||
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Established Small Business Density: 812.6 | Established Small Business Density: 812.6 | ||
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Ranked #2 in Growth Entrepreneurship | Ranked #2 in Growth Entrepreneurship | ||
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Rate of Startup Growth: 81.23% | Rate of Startup Growth: 81.23% | ||
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Share of Scale-ups: 2.25% | Share of Scale-ups: 2.25% | ||
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High-Growth Company Density: 234.7 | High-Growth Company Density: 234.7 | ||
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2015 Kauffman Index Report: Austin MSA as the number-one US City for technology innovation startups | 2015 Kauffman Index Report: Austin MSA as the number-one US City for technology innovation startups | ||
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History Narrative | History Narrative | ||
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1960’s: Early build up of computer and microelectronics manufacturing | 1960’s: Early build up of computer and microelectronics manufacturing | ||
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Microelectronic Computer Corporation (MCC) in Austin in 1983 and Rematch’s consortium of 13 semiconductor manufacturers in 1988 | Microelectronic Computer Corporation (MCC) in Austin in 1983 and Rematch’s consortium of 13 semiconductor manufacturers in 1988 | ||
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IBM, Dell Computers, and AMD set up shop in Austin in the late 1980s | IBM, Dell Computers, and AMD set up shop in Austin in the late 1980s | ||
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Trilogy Software | Trilogy Software | ||
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Homeaway (IPO in 2011) & Bazaar Voice (IPO in 2012) (set up in 2005) | Homeaway (IPO in 2011) & Bazaar Voice (IPO in 2012) (set up in 2005) | ||
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SXSW | SXSW | ||
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Grew from population under 400,000 in 1970 | Grew from population under 400,000 in 1970 | ||
| − | Region adjusted to major industrial restructuring after the dot-com bust from 2001-2003 (experienced negative job growth from 2001 to 2003) but in 2005, employment and population growth was increasing again (exceeding national averages) | + | |
| + | Region adjusted to major industrial restructuring after the dot-com bust from 2001-2003 (experienced negative job growth from 2001 to 2003) | ||
| + | but in 2005, employment and population growth was increasing again (exceeding national averages) | ||
| + | |||
Diversified its economic base | Diversified its economic base | ||
| + | |||
Strong corporate links between local corporate branches and parent firms (esp in Silicon Valley) | Strong corporate links between local corporate branches and parent firms (esp in Silicon Valley) | ||
| + | |||
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Factors that have contributed to Austin’s Startup Growth: | Factors that have contributed to Austin’s Startup Growth: | ||
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Early successes of entrepreneurship ventures—talent in Austin | Early successes of entrepreneurship ventures—talent in Austin | ||
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Availability of capital | Availability of capital | ||
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Willing mentors and advisors (investors, incubators, accelerators, networking groups, and more) | Willing mentors and advisors (investors, incubators, accelerators, networking groups, and more) | ||
| − | Capital Factory: Joshua Baer—largest startup incubator and co-working space in Austin | + | |
| − | + | Capital Factory: Joshua Baer—largest startup incubator and co-working space in Austin; most active email investor in the world. He was recognized as the 2013 Austin Community Leader of the Year & 2013 Henry Crown Fellow at the Aspen Institute | |
| − | + | ||
Affordable work spaces | Affordable work spaces | ||
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Spaces: Incubators, Accelerators, and Co-Working | Spaces: Incubators, Accelerators, and Co-Working | ||
| + | |||
Capital Factor, Techstars, AVINDE, Rice Alliance (Austin Chapter), Austin Technology Incubator (ATI), Southwest Angel Network, Austin+Social Good, Tech Ranch, Mission Capital, Central Texas Angel Network, Opportunity Space, Vuka, The Incubation Station, Austin Technology Incubator, Launch Lab, Link Coworking, Perch CoWorking, Posh CoWorking, HubAustin Coworking, Conjunctured Coworking, | Capital Factor, Techstars, AVINDE, Rice Alliance (Austin Chapter), Austin Technology Incubator (ATI), Southwest Angel Network, Austin+Social Good, Tech Ranch, Mission Capital, Central Texas Angel Network, Opportunity Space, Vuka, The Incubation Station, Austin Technology Incubator, Launch Lab, Link Coworking, Perch CoWorking, Posh CoWorking, HubAustin Coworking, Conjunctured Coworking, | ||
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Supportive state and local government | Supportive state and local government | ||
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Universities: UT, Concordia, St. Edward’s, Huston-Tillotson University | Universities: UT, Concordia, St. Edward’s, Huston-Tillotson University | ||
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21.7% GDP Growth from 2007-2012 (Source: Forbes list of the US Regions to Watch in 2014) | 21.7% GDP Growth from 2007-2012 (Source: Forbes list of the US Regions to Watch in 2014) | ||
11.8% Job Growth from August 2007 to October 2013 | 11.8% Job Growth from August 2007 to October 2013 | ||
| − | |||
| − | |||
| + | Austin’s projected 3.15% population growth rate in 2016 is the highest among the 100 metro areasexamined | ||
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| + | Employment expanded 3.28% last year | ||
Revision as of 16:33, 13 October 2016
Ranked #1 for Startup Metropolitan Area Data (ranked #1 in 2015)
Rate of New Entrepreneurs: .60%
Opportunity Share of New Entrepreneurs: 79.88%
Startup Density: 105.2
Rate of Business Owners: 7.97%
Established Small Business Density: 812.6
Ranked #2 in Growth Entrepreneurship
Rate of Startup Growth: 81.23%
Share of Scale-ups: 2.25%
High-Growth Company Density: 234.7
2015 Kauffman Index Report: Austin MSA as the number-one US City for technology innovation startups
History Narrative
1960’s: Early build up of computer and microelectronics manufacturing
Microelectronic Computer Corporation (MCC) in Austin in 1983 and Rematch’s consortium of 13 semiconductor manufacturers in 1988
IBM, Dell Computers, and AMD set up shop in Austin in the late 1980s
Trilogy Software
Homeaway (IPO in 2011) & Bazaar Voice (IPO in 2012) (set up in 2005)
SXSW
Grew from population under 400,000 in 1970
Region adjusted to major industrial restructuring after the dot-com bust from 2001-2003 (experienced negative job growth from 2001 to 2003) but in 2005, employment and population growth was increasing again (exceeding national averages)
Diversified its economic base
Strong corporate links between local corporate branches and parent firms (esp in Silicon Valley)
Factors that have contributed to Austin’s Startup Growth:
Early successes of entrepreneurship ventures—talent in Austin
Availability of capital
Willing mentors and advisors (investors, incubators, accelerators, networking groups, and more)
Capital Factory: Joshua Baer—largest startup incubator and co-working space in Austin; most active email investor in the world. He was recognized as the 2013 Austin Community Leader of the Year & 2013 Henry Crown Fellow at the Aspen Institute
Affordable work spaces
Spaces: Incubators, Accelerators, and Co-Working
Capital Factor, Techstars, AVINDE, Rice Alliance (Austin Chapter), Austin Technology Incubator (ATI), Southwest Angel Network, Austin+Social Good, Tech Ranch, Mission Capital, Central Texas Angel Network, Opportunity Space, Vuka, The Incubation Station, Austin Technology Incubator, Launch Lab, Link Coworking, Perch CoWorking, Posh CoWorking, HubAustin Coworking, Conjunctured Coworking,
Supportive state and local government
Universities: UT, Concordia, St. Edward’s, Huston-Tillotson University
21.7% GDP Growth from 2007-2012 (Source: Forbes list of the US Regions to Watch in 2014) 11.8% Job Growth from August 2007 to October 2013
Austin’s projected 3.15% population growth rate in 2016 is the highest among the 100 metro areasexamined
Employment expanded 3.28% last year
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