Assessing Your Startup Ecosystem 

In building your startup ecosystem, take time to assess its effectiveness.

Here are some key points to look for:

Do entrepreneurs connect and learn from each other?

If not, set up events to increase the interactions and foster interactions.

Do the entrepreneur groups share resources?

If not, foster collaboration among the groups and help set up resource sharing such as job boards, funding sources, and other tools.

Do experienced entrepreneurs provide coaching and mentorship?

If not, engage the serial entrepreneurs to capture their experience and share with others.

Does the community have leaders with entrepreneur experience?

If not, help recruit experienced entrepreneurs into the leadership roles.

Do the investment groups provide financial support to a range of companies or only a select few?

If only a select number receive funding, help set up pitch competitions to bring funding to a broader number of startups.

Do the coworking spaces support the startups beyond providing a place to work?

If not, then integrate support organizations with the coworking spaces by having their offices at the coworking space to provide more support. 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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Thank you for joining your host Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.

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Disclaimer:
Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.