According to Startup Genome Project’s new report, Seattle ranks 13th out of the top 25 startup ecosystems in the world, ahead of Boston, Austin and Vancouver, B.C….all based on the Startup Genome Report, a 67 page in depth analysis on how startups work and what makes them successful. The report spread like wildfire throughout the startup ecosystem, as it was one of the first efforts to analyze startups based on data rather than just opinions and normative advice. If you haven’t already checked out the report, I encourage you to do so here: http://blog.startupcompass.co/
The Startup Genome Compass is an additional offering for startups and quite a few Seattle startups have already signed up. It’s a simple benchmarking tool to help you better allocate your resources, diagnose problem areas, align your team and stakeholders, measure your progress over time and utilize a data driven feedback loop. After taking a 30 minute initial assessment, the Genome Compass will automatically determine what type of startup you are, what stage you are in and diagnose you for what our research team has found is the primary cause of startup failure: premature scaling. Then they will benchmark you across more than 25 key performance indicators against startups who are similar to you and give you a personalized Startup Genome Research report. Once you’ve shared your progress with them for 3-4 months, they will be able to offer you new recommendations, resources and predictive analytics that can significantly accelerate the growth of your company.
While I’d like to believe that Seattle is the #1 Startup ecosystem in the world, the survey isn’t the point of this project so much as the opportunity to learn more about your startup. For an initial assessment, get your first Startup Genome benchmark: Startupcompass.co/