Columbus is not just a university and a corn field. According to Forbes, “Modern Columbus has emerged as a technologically sophisticated city.” As the city continues to achieve critical mass, you may see it emerge as a model for how institutional capital is allocated among young, viable startups and a template for how startups grow lean and efficiently.
Editor’s note: WebSmith is co-founder and CEO of Whence, a local commerce engine focused on connecting local, independent businesses to the city’s citizens who want to support local.
Historically, a concentration of the country’s startups with the most upside move to the Valley, Boston, New York and Austin for what the geography can do for them. This isn’t news. In fact, I was one of them.
Austin, Texas, was great to me and my first startup. I still remember receiving my first seed capital from a Dell executive for 15 percent of my company. Even for recession-stricken 2009, the transaction was casual, as though it happened all the time in neighborhood coffee shops. We didn’t even have an office or a business plan. This is one of the positives of living in a startup city like Austin. Or even better — New York or the Valley.
View original post 670 more words