Good morning,
Tech startups helped drive the world's last economic recovery, after the Great Recession. This time around, they're poised to again fill a crucial role in job creation--and cities will play a major part in making that happen.
"Tech innovation has proven to be a very effective means of innovating ourselves out of a crisis--creating new job opportunities, new business opportunities, even in a recession," said Stephan Kuester, a partner at research and policy organization Startup Genome, during a virtual event Wednesday focused on building successful tech ecosystems. "Surprisingly, we're getting many calls these days, from many places in the world, where politicians and policymakers in economic development are looking to jump on the bandwagon over the next 12 to 24 months."
The event, hosted by Startup Genome, touched on a series of useful strategies and predictions for entrepreneurs and small-business owners planning for the post-Covid economic recovery. For example: It's easy to overestimate how much to invest in the tech side of a startup, pouring resources into software engineering or research and development. You’ll need to avoid that misstep, because--as plenty of data confirms--you'll need solid infrastructure in place if you want to scale the business.
Read our story to learn more, including how taking advantage of the economic recovery could lead to larger valuations and exits for both you and your fellow entrepreneurs. |
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