Apr 14, 2018

Understanding the Explosion of Startup Communities

Starting a business takes courage, cleverness, and tenacity. And, more often than not, it takes a village. For this reason, startup communities became more popular than ever in 2017. And their proliferation shows no signs of stopping in 2018.

“These startup community organizations have developed from a desire to exchange ideas, get assistance and tap into a support system to help get through the barriers and challenges on the horizon,” says Entrepreneur.

After all, great business ideas can come from anywhere. They might strike you in the kitchen, on the golf course, in an Uber, or in the shower. But fostering that idea is easier with a community of allies. That’s how epiphanies lead to impact and sustainability.

When push comes to shove, entrepreneurial communities are actually more crucial for businesses than formal structures such as an incubator or accelerator. Research from the Economist Intelligence Unit reveals that for 78% of startups, networking in a community was essential for success.

Silicon Valley has long been a stronghold for such communities, with notable examples like Silicon Valley Entrepreneurs, Cuckoo’s Nest Club, Black Founders, and Startup Embassy. Many of these organizations have formed in recent years, providing an avenue for business owners to get marketing resources, find workspaces, and connect with local investors and mentors.

Given the tech-focus of the area, these communities are an excellent way for entrepreneurs to access research and investors relevant to their pursuits. They also make it easier to find collaborators who are skilled in the tech world.

On the opposite coast, New York is another well-known hub for startup communities. These networks aren’t usually as industry focused as those in Silicon Valley, offering a broader range of resources.

Startup Grind is a prime example. It connects one million entrepreneurs in hundreds of cities around the world. Join up and you’ll find mentorship opportunities, funding resources, and valuable business-building information.

Another solid option is StrtupBoost, which provides a wide array of tools for entrepreneurs. Their events are lively and fun, putting you in contact with strategic partners from the worlds of design, finance, legal, and logistics.

Whether you’re on the east coast, west coast, or somewhere in between, there’s undoubtedly a startup community in your region. And it might just provide the spark and resources you need to take things to the next level.

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About the author

Grant Olsen
Grant Olsen is a writer specializing in small business loans, leadership skills, and growth strategies. He is a contributing writer for KSL 5 TV, where his articles have generated more than 6 million page views, and has been featured on FitSmallBusiness.com and ModernHealthcare.com. Grant is also the author of the book "Rhino Trouble." He has a B.A. in English from Brigham Young University.

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