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Mar
13

3.19.13 … corporate fall/entrepreneurship rise …

corporate fall/entrepreneurship rises, careers, Harvard Business Review:  Very interesting …

Another IBM story, different setting: Boulder, Colorado, that vibrant entrepreneurship ecosystem, continues to remain true to its rocky, turbulent past: Waves of downsizings of IBM in the past three decades (as recently as 2010) in the small Boulder community have been highly correlated with the burgeoning of this vaunted start-up community. As some have observed, “In the Boulder area, the early layoffs of talented IBM employees played a large role in supplying individuals to start ventures or to be hired by other start-ups.” Ditto for Boulder’s Storage Technology (which went bankrupt), as did Necton Bylinnium.

In 2008, financial services firms, primarily in and around New York City, dumped hundreds of thousands of people into the ranks of the unemployed (26,000 alone at Lehman Brothers). Lo and behold! New York City is undergoing an entrepreneurial revolution, now the second or third biggest deployment of venture capital in the world (depending on which mayor you believe, New York’s Bloomberg or Boston’s Menino).

“Corporate fall” is an important component of “entrepreneurship rise” (one component of many, it should be noted)

via When Big Companies Fall, Entrepreneurship Rises – Daniel Isenberg – Harvard Business Review.


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