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Rise of the startup city: The changing geography of the venture capital financed innovation
University of Toronto, Toronto, Ontario, Canada.
Jönköping University, Jönköping International Business School, JIBS, Economics. Jönköping University, Jönköping International Business School, JIBS, Centre of Excellence for Science and Innovation Studies (CESIS).ORCID iD: 0000-0002-4560-1905
2016 (English)In: California Management Review, ISSN 0008-1256, E-ISSN 2162-8564, Vol. 59, no 1, 14-38 p.Article in journal (Refereed) Published
Abstract [en]

The prevailing geographic model for high-technology industrial organization has been the “nerdistan,” a sprawling, car-oriented suburb organized around office parks. This seems to contradict a basic insight of urban theory, which associates dense urban centers with higher levels of innovation, entrepreneurship, and creativity. This article examines the geography of recent venture capital finance startups across U.S. metros and within a subset of them by neighborhood. It concludes that the model is changing. The suburban model might have been a historical aberration, and innovation, creativity, and entrepreneurship are realigning in the same urban centers that traditionally fostered them.

Place, publisher, year, edition, pages
Sage Publications, 2016. Vol. 59, no 1, 14-38 p.
Keyword [en]
venture capital, investments, startups
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-34068DOI: 10.1177/0008125616683952ISI: 000406941300002Local ID: IHHCESISISOAI: oai:DiVA.org:hj-34068DiVA: diva2:1048664
Note

Special Issue on City Innovation.

Available from: 2016-11-21 Created: 2016-11-21 Last updated: 2017-09-01Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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More styles
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  • Other locale
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