Blake Glenn’s Looney thoughts, perspectives, and insights on the world of business!
— by Blake Glenn
While playing around on the Internet the other day and going down deep rabbit hole after deep rabbit hole, I came across an interesting piece of information on startups. It’s a Ranking of the top 40 metro areas measured by startup activity. It was created by the Kauffman Foundation.
The organization does lots of research on startups. At the time I was looking at some links about tech startups. And through a series of link-following incidents I bumped into this report. I’m not certain this Kauffman list is tech startup-centric. But even if it’s not focused on tech, it’s still pretty interesting.
Here are some of the more interesting tidbits of information:
- Silicon Valley (Santa Clara-San Jose-Sunnyvale) isn’t #1, it’s #3
- California and Texas dominate the top 10
- California has 6 metros in the top 25, four in the top 10 – San Jose (3), LA (4), San Francisco (6), San Diego (9), Riverside (18), Sacramento (23)
- Texas has four metros on the list, 3 in the top ten – Austin (1), Houston (8), San Antonio (10), Dallas (15)
** GUESS THAT MEANS GO WEST … AND SOUTHWEST PEOPLE!
- Highly touted emerging tech startup hub Boulder, CO isn’t on the list, unless it’s included in the Denver metro area
- At #12 Columbus is the top ranked Ohio city and Mid-West city (technically Ohio is really Mid-East but we’ll go with tradition)
- The next ranked Mid-West city is Chicago (21)
- Rustbelt cities dominate the bottom 10 – Cincinnati (32), Cleveland (35), Detroit (36), St. Louis (38), Milwaukee (39), Pittsburgh (40)
- Another metro pretty close to Dayton, Indianapolis, ranks at #28
- A super-region that includes Columbus, Cincinnati, and Indianapolis would be great for Dayton since it sits geographically just about in the center.
- Pittsburgh ranks lower than the other rust-belt cities on the list … that’s a little surprising since it has been cited as a great example of rustbelt renewal
- The Washington, DC metro ranks at #30 … such a low rank for the capitol is like totally surprising … totally
There are many other ways to rank startup metros too:
- Number of startups receiving venture capital
- Amount of total VC invested
- Number of IPOs
- Number of cash-outs reaching $100 Mil (+)
- Number of executive assistants, non-executive employees, janitors, and corporate dog-walkers – I mean canine pacing engineers – achieving millionaire status due to stock options
Also, if you’re one of the former Industrial Age powerhouses now girding for a revival and relevancy in this Information Age, I’m not sure if you should be ecstatic just to be included on the list at all, or if you should be horrified for ranking so low.
As I come across other startup lists, I’ll be sure to share.
Blake Glenn shares his looney perspectives, stories, and mis-adventures in The Looney Executive blog. He has interviewed hundreds (or at least tens) of people via The Looney Executive Podcasts and former TV show. He’s the founder of a tech group called IgniteTech, and claims to be a direct descendant of the original Looney Executive – Because there must be SOME explanation … right?
If you dare, he can be reached the old school way … blake@LooneyExecutive.com