WANT MORE ENTREPRENEURS IN YOUR CITY? ASK THE HARD QUESTIONS

fear-of-success

Quick, what’s the biggest challenge facing entrepreneurs starting their businesses outside of San Francisco and New York?

Most entrepreneurs outside of these cities will say “MONEY! We need investors!” But that’s a huge cop-out. I don’t care where you’re living — if you have a good idea with traction, you’ll get funding. In fact, I am more convinced than ever that the biggest challenge is the lack of good feedback — i.e., people to challenge your idea and eventually make you better.

I’ve started companies in Madison, WI and Santiago, Chile, two aspiring startup hubs that have experienced massive growth in their entrepreneurial ecosystems. They’re both on their way toward building themselves into the next Boulder or Austin.

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