As Upstate Venture Connect's guest speaker, Dane Stangler, VP of Policy & Research at the Kauffman Foundation, shared The Future of the "First Silicon Valley" and how Upstate NY's startup community can better measure our ecosystem of high-growth businesses.

1. www.kauffman.org
© 2016 Ewing Marion Kauffman Foundation
The Future of the “First
Silicon Valley”
September 16, 2016
Upstate Unleashed Conference
Dane Stangler
@danestangler
@KauffmanFDN

2. © 2016 Ewing Marion Kauffman Foundation
Where Jobs Come From
Young companies
High-growth companies
Larger, older companies

3. © 2016 Ewing Marion Kauffman Foundation
Business Creation Trends Nationally
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100000
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600000 1977
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Firm Deaths
Firm Births
Source: US Census Bureau, Business Dynamics Statistics

4. © 2016 Ewing Marion Kauffman Foundation
Growth Entrepreneurship Rebounding

5. © 2016 Ewing Marion Kauffman Foundation
Entrepreneurial Ecosystems

6. © 2016 Ewing Marion Kauffman Foundation
Focus on Upstate

7. © 2016 Ewing Marion Kauffman Foundation
Startup Density

8. © 2016 Ewing Marion Kauffman Foundation
Job Creation by Firm Age
Buffalo
Rochester
Syracuse Albany

9. © 2016 Ewing Marion Kauffman Foundation
Startup Density in NY: Metro v. Rural
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140 1977
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Startup_Density_Total Startup_Density_Metro
Startup_Density_Rural_Non_Metro

10. © 2016 Ewing Marion Kauffman Foundation
Learning from:
Silicon Valley
Boulder
St. Louis

11. © 2016 Ewing Marion Kauffman Foundation
Silicon Valley
 Military R&D
 Shockley and Terman
 Spinoffs
 Non-compete agreements

12. © 2016 Ewing Marion Kauffman Foundation
Boulder
 Federal research facilities
 IBM
 StorageTek
 Mountains

13. © 2016 Ewing Marion Kauffman Foundation
St. Louis
• Washington University
• Beer!

14. © 2016 Ewing Marion Kauffman Foundation
What Universities Do Best
 Experience
 Exposure
 Peer learning
 Teach something about something

15. © 2016 Ewing Marion Kauffman Foundation
Connectivity

16. © 2016 Ewing Marion Kauffman Foundation
Immigrants  More Entrepreneurship
Immigrants

17. © 2016 Ewing Marion Kauffman Foundation
Immigrants Upstate
MSA % Foreign-Born U.S. Equivalent
Albany 6.7 1985
Rochester 6.7 1985
Utica-Rome 6.5 1984
Buffalo 6 1980
Ithaca 12.6 2015
Binghamton 5.35 1975
Elmira 2.8 n/a
Glens Falls 2.8 n/a
United States = 13% foreign-born

18. © 2016 Ewing Marion Kauffman Foundation
Don’t Forget the
“Scruffy” and “Grungy” Entrepreneurs
 But not …
• “Junk” entrepreneurs
“I strongly believe that the successes and
failures of the smaller company universe create
a dynamism which differentiates the American
model from everyone else. Small HVAC repair
shops or sheet metal fabrication shops don’t
appear to be very sexy, but they represent a
meaningful slice of the opportunities provided …
The ‘innovations’ which are created in this
smaller environment are almost certainly less
earth-shattering than ones coming out of larger
organizations, but the sum of all the small ideas
and the constant testing and adjusting that takes
place is certainly very valuable. ”
—Read Boles

19. © 2016 Ewing Marion Kauffman Foundation
Blueprint v. Recipe

20. © 2016 Ewing Marion Kauffman Foundation
Thank You
 Kauffman Policy Digests:
• http://www.kauffman.org/what-we-
do/resources/entrepreneurship-
policy-digest
 Dstangler@kauffman.org
 @danestangler
 @KauffmanFDN

21. © 2016 Ewing Marion Kauffman Foundation
Measure Your Ecosystem, not a
Monoculture
 Density
 Fluidity
 Connectivity
 Diversity
 Velocity
 Survival
 Funding
 Headlines