It’s a natural impulse: When people are looking for partners on a deal, they seek out people with whom they have a lot in common. For venture investors, though, that kind of familiarity can be costly. Recent research has found that investors are more likely to work together if they share certain traits, including gender, ethnicity and educational and employment history. But doing so often reduces their chances of financial success.
As startups begin to proliferate beyond the traditional technology centers, regional and national leaders are increasingly looking to these companies as a source of economic growth. As they do, officials are confronted with the reality that innovation-driven entrepreneurship differs markedly from traditional small business activity, which means that cultivation strategies are radically different.
Everywhere you look, people are going local with their financial decisions. Local food movements are popping up alongside local shopping campaigns as a growing number of consumers discover that spending money locally spreads economic prosperity where it counts the most — in local neighborhoods, local school districts or local downtowns. But this idea has been […]