The focus on “ecosystems” as a contributor to startup community success has recently begun to receive additional attention from academic researchers. A healthy and vibrant entrepreneurial or venture ecosystem can provide a nurturing environment for startups and innovators. This boosts job creation, economic growth, and talent attraction. Innovation itself includes both de novo (i.e. brand new) startups as well as new undertakings by large and small organizations. As a result, we prefer the term “venture ecosystem.” Think of a venture ecosystem as being kind of like a marine reef. It is a home for a variety of life forms including coral, fish of various types, and a host of other life forms with often symbiotic relationships. So what makes up an “ecosystem?”
5 Tips for Living with the Uncertainty of a Startup
Investors will pressure you to mitigate as much risk in every aspect of your business. You control for as many variables as possible, but how do you live with so many unknowns?
Normalizing uncertainty will not only help you succeed with your startup, it will help you become more of yourself and allow you to be fully present with your family, friends, and colleagues. The following practices will help you develop confidence, deepen relationships with influencers, and get you through those tough times when you don’t have a crystal ball to predict the outcomes in your future.