Saturday, 24 September 2011
Motor City Mojo: The Startup Renaissance In Detroit
Editor?s note: This post is authored by guest contributor Jon Bischke. Jon is a founder of RG Labs and is an advisor to several startups. You can follow Jon on Twitter here. San Francisco. Palo Alto. New York. Cambridge. Austin. Boulder. Detroit. One of those doesn?t seem to fit in there right? After all, Detroit?s a mess isn?t it? The median house price in Detroit is $6,000. Half of the adults in the city are functionally illiterate. 48% of children live below the poverty line. Some people would say that Detroit epitomizes what is wrong with America. But for a group of talented and motivated entrepreneurs in Detroit it?s something else. It?s a chance to show what?s right about America. Last week I had the pleasure of meeting with a dozen of Detroit?s top founders to discuss what it?s like to start a company in what?s probably the most economically depressed city in the country. While their businesses were different and they didn?t agree on everything, they all shared one thing: a strong feeling that the Detroit of the future will be better than the Detroit of the present.