(public).sospep.subjects ~ view article ~ vancouver-tech-startup-ecosystem-viability-is-OK-but

<h1 style="text-align: center;">Vancouvers startup viability is OK but ...</h1>
<h2>[WHAT]</h2>
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<li>] by Matt Toner - &nbsp;a review of Vancouvers startup ecosystem based on the report by compass.co ranking Vancouver as the 18th most viable startup ecosystem. This was a drop of 9 places from the previous report issued in 2012</li>
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<h2>[WHY]</h2>
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<li>]&nbsp;</li>
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<h2>[WHERE]</h2>
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<li><strong>] READ THE FULL ARTICLE</strong></li>
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<li>]&nbsp;<a href="http://www.huffingtonpost.ca/matt-toner/vancouver-startup-tech_b_7928268.html" target="_blank">http://www.huffingtonpost.ca/matt-toner/vancouver-startup-tech_b_7928268.html</a></li>
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<h2>[WHEN]</h2>
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<li>] 2015-mm-dd</li>
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<h2>[EXAMPLE]</h2>
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<li>] Our startup ecosystem's performance crashed from a reasonable No. 9 in 2012 to No. 18 today, with our growth index dropping to half of the average of all cities surveyed. Scary.</li>
<li>] a pretty bleak picture of a creative economy trundling along with <span style="background-color: #ffff00;">no co-ordinated strategy to keep pace with a rapidly changing global market.</span></li>
<li>] ranking in <span style="background-color: #ffff00;">investment financing dropped from 12th in 2012 to 19th.</span> partly due to change in process, values "exits" aka 'cash events' - Silicon Valley based companies&nbsp;can claim close to 50 per cent of these cash events, Vancouver entrepreneurs only glean 0.5 per cent of the financial rewards.</li>
<li>]&nbsp;<span style="background-color: #ffff00;">talent rating dropped from an impressive fourth in 2012 to a mediocre 14th.&nbsp;</span>... smaller ecosystems with close proximity to larger ecosystems often have a hard time continuing to grow due to new and existing talent and capital migrating to the larger nearby ecosystem." Skilled labour and technical innovators have immense mobility today: they will follow the action to the place where their talents can be best realized.</li>
<li>]&nbsp;Boris Wertz of Version One Ventures put it aptly when he said that a thriving startup ecosystem can't "<a href="http://www.theglobeandmail.com/technology/vancouver-tech-scene/article25885653/" target="_hplink">depend on the luck of having an outstanding entrepreneur come to your city and building a company</a>."</li>
<li>]&nbsp;We need to <span style="background-color: #ffff00;">develop new policies to co-ordinate and incentivize the activities of universities, founders, and investors.</span> Other jurisdictions around the world have done this with notable success... success that will be impossible to emulate if our governments are content to cheerlead successes for which they can honestly take no credit or cherry-pick data from otherwise damning economic reports.</li>
<li>]&nbsp;This is why <strong>the creative economy</strong> will be a crucial plank in the BC Green party's 2017 election platform. There are plenty of great minds in Vancouver that have thought long and hard about our collective future as a startup ecosystem: our party is going to engage them in the creation of a tech strategy that is second to none in Canada and one that allows us to compete and beat other centres from around the world.</li>
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<h2>[HOW-TO]</h2>
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<li>]</li>
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<h2>[REFERENCE]</h2>
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<li>]&nbsp;</li>
<li>] <a href="/view/task?id=4359" target="_blank">CREATE vancouver-startup-scene - overview</a></li>
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