Startup Genome, the publisher of the Global Startup Ecosystem Report, announced availability of its new comparison tool — and Missouri doesn’t do all that well (be calm.. and breathe).
Cliff Holekamp, Cultivation Capital
“It’s not too surprising that cities like Denver, Chicago and Austin have a higher totals with regard to startup financial data, but one should be careful not to judge a startup community by publicly available financial data alone,” Cultivation Capital Managing Director Cliff Holekamp told bizblip. “Aside from the bias in the data for larger cities and later-stage companies, this kind of analysis does not take into account very important community attributes such as culture, access to talent, professional networking connectivity, etc.”
Define terms!
“We define a tech startup as an innovative or technology-driven company that was founded within the last 10 years and that has technology and/or scalability at the core of its business model,” said a nameless spokesperson on the site. “An ecosystem is defined as a cluster of startups and related entities that draw from a shared pool of resources and generally reside within a 60-mile (100-kilometer) radius of a central point in a particular region.”
What’s missing?
Especially when it comes to seed and pre-seed information, there are gaping holes in the data set. Practically no startups enter into a database until they file for an institutional round, which is (on average, according to a 2019 PitchBook report) a 5 1/2 year old company. And according to PitchBook both KC and STL had precious few institutional rounds this year.
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