New Quote by Andrew Yang
“The problems that you see startups tackling are dramatically different in different cities. Silicon Valley is unlikely to produce the same set of companies as New York or Cleveland because the region has a different set of strengths and defining institutions.”
About This Quote
Source Speech: 2020 Presidential Campaign, Andrew Yang, 2019
Regional ecosystems shape startup focus; each city’s resources and institutions produce distinct companies.
In simple terms: Cities create different startup types based on local strengths.
Key Takeaway
Leverage local assets when building a startup.
Themes
entrepreneurship
regional economics
innovation
ecosystem
strategy
Mood
analytical
strategic
optimistic
Type
advice
strategic
When to use this quote
- startup planning
- venture capital targeting
- policy making
- economic development
Key Concepts
cluster theory
institutional economics
comparative advantage
Questions to Reflect On
- What unique strengths does your city offer?
- How can you adapt a business model to local institutions?
A Different Perspective
Local conditions may limit access to capital or talent.
