The recent Techstars Startup Community Assessment helps remind us why we are working to build a startup community in Lima.
Here are some key points made:
Disruption is real: The Techstars report points out that, according to Oxford University, 47% of jobs will disappear in the next 25 years, and according to InnoSights, 52% of Fortune 500 companies have disappeared in the last 15 years.
Startup communities drive economic growth: Techstars believes that “Investing in your startup community leads to great economic growth.” This is backed up by a 2016 study by FOMIN that discusses the impact of Venture Capital in Latin America. Equity funding of small businsess is 4x more effective in generating innovation than other alternatives.
It can happen anywhere: Brad Feld says that ““You can create a startup community in any city.” His book, Startup Communities is a great outline of what that looks like.
Why not Lima?