This week I got a chance to visit with a number of people
involved in the local entrepreneurship community in Memphis at the
StartCo mentor reception. StartCo is the parent organization of the Seed
Hatchery where I helped out as a mentor to several early stage
technology firms back in 2011.
Memphis regularly lags behind the rest of the nation in economic
indicators, and much of the money injected into the city are “poverty
dollars.” But listening to Andre Fowlkes and his team at StartCo this
week, I'm convinced that they want to change that and
will seek to build on Memphis’ unique strengths and opportunities, find
the region’s entrepreneurial potential, and continue to learn how to
best grow the Memphis economy.
Lately, there's been a lot of buzz in the startup world about how startups stimulate job growth.
A healthy company that employs dozens or even hundreds of people works
wonders for a local economy and culture (read about Zappos and the Las Vegas startup scene). With
that in mind, a lot of organizations are popping up in different
regions with the goal of encouraging entrepreneurship and stimulating
In the startup tech world, all too often
gets very focused on individual companies and their products. Start Co
is unique in that they are thinking about how to best help their city
first and are leveraging local tech entrepreneurs to do it. That's
worthy goal and I'm looking forward to helping them achieve it.