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Tramway à Lisbonne by yannick le goff on 500px
This morning I stumbled upon a blog post by a Berlin-based venture capitalist (Ciarán O'Leary) talking about how Lisbon feels like the next Berlin. In other words, it feels like the next great European startup hub.
Here’s his reasoning:
The tech scene is organic – it happened on its own, came out of nowhere. That is much more fun and sustainable than any kind of political or targeted economic strategy.
There are a ton of constraints (funding, local talent base, etc.) so entrepreneurs need to hustle to make things happen. Hustle is good.
Berlin was an economic void, Portugal had a massive economic crisis and Lisbon sure isn’t letting that crisis go to waste.
Entrepreneurship has the real chance to be a center stage act, not a side gig. It’s everywhere.
The city is very, very cool. You just want to be here.
You can have a great life on a startup salary.
Everyone speaks english; everyone is welcoming and open. That matters a lot when you want to attract international talent and funding.
Of course, he’s not the only one calling Lisbon the next Berlin. The EU also named Lisbon “the most entrepreneurial region in Europe in 2015.” Isn’t it interesting what can grow out of economic crisis? See PIGS.
I also don’t think it’s a coincidence that Monocle held its first ever Quality of Life Conference in Lisbon. It’s a testament to O’Leary’s point above that, “You just want to be here.”
And while being “very, very cool” may not seem immediately relevant to creating a robust startup environment, it really is. It may be the most important point. It makes the city a magnet for talent.
Just the other day I was trying to explain Berlin to someone and I used a similar lexicon. I said: “It’s an unbelievably cool city. It bleeds hipness. You will love it.”
If you’re a city, that’s a great thing to be.
A couple of days ago I wrote about a documentary series called Real Scenes. It’s a fascinating series that examines the electronic music scene in a bunch of different cities from New York to Berlin to Tokyo.
What’s fascinating about these films is the inside look it gives you into how these “scenes” develop. Berlin, for example, is absolutely on fire right now. It has a thriving startup scene and a reputation for being a major force in the world of electronic music.
How did that happen?
The documentary leads you to believe that Berlin was able to establish itself as, arguably, the techno music capital of the world by having lots of empty buildings and nobody cracking down on squatters after the Berlin Wall fell. Quite literally, the scene appears to have started as a result of illegal techno parties being thrown in abandoned buildings.
It’s a perfect and perhaps extreme example of Jane Jacobs’ famous line that new ideas require old buildings. The rents are simply too high in new buildings for anything experimental. Landlords naturally prefer to rent to triple-A tenants who will pay the highest rents. And who can blame them.
But just like there’s tremendous value in incubating new startups before they’re even close to turning a profit, there’s obviously value in empowering new ideas, new concepts, new retailers, and new businesses to flourish within cities.
I’m not exactly sure how that could be done in the context of new developments, but it’s on my mind right now as a result of some discussions I’ve been having with some incredibly smart and ambitious people in this city.
So today I’d like to turn it over to you. How could we make it so that new ideas flourish even in new buildings? Since investment naturally drives up rents, does that mean it will always put pressure on those crazy instigators who just need cheap space?
I just stumbled upon a fascinating documentary series called Real Scenes. Each film explores “the musical, cultural and creative climate” within a particular city.
Below is Real Scenes: New York (click here if you can’t see it below). It’s an inside look at the underground music scene that has developed in Brooklyn, but that is at the same time being threatened by development and rising rents. Disclaimer: There’s a lot of f-bombs and a lot of hating on gentrification.
Tramway à Lisbonne by yannick le goff on 500px
This morning I stumbled upon a blog post by a Berlin-based venture capitalist (Ciarán O'Leary) talking about how Lisbon feels like the next Berlin. In other words, it feels like the next great European startup hub.
Here’s his reasoning:
The tech scene is organic – it happened on its own, came out of nowhere. That is much more fun and sustainable than any kind of political or targeted economic strategy.
There are a ton of constraints (funding, local talent base, etc.) so entrepreneurs need to hustle to make things happen. Hustle is good.
Berlin was an economic void, Portugal had a massive economic crisis and Lisbon sure isn’t letting that crisis go to waste.
Entrepreneurship has the real chance to be a center stage act, not a side gig. It’s everywhere.
The city is very, very cool. You just want to be here.
You can have a great life on a startup salary.
Everyone speaks english; everyone is welcoming and open. That matters a lot when you want to attract international talent and funding.
Of course, he’s not the only one calling Lisbon the next Berlin. The EU also named Lisbon “the most entrepreneurial region in Europe in 2015.” Isn’t it interesting what can grow out of economic crisis? See PIGS.
I also don’t think it’s a coincidence that Monocle held its first ever Quality of Life Conference in Lisbon. It’s a testament to O’Leary’s point above that, “You just want to be here.”
And while being “very, very cool” may not seem immediately relevant to creating a robust startup environment, it really is. It may be the most important point. It makes the city a magnet for talent.
Just the other day I was trying to explain Berlin to someone and I used a similar lexicon. I said: “It’s an unbelievably cool city. It bleeds hipness. You will love it.”
If you’re a city, that’s a great thing to be.
A couple of days ago I wrote about a documentary series called Real Scenes. It’s a fascinating series that examines the electronic music scene in a bunch of different cities from New York to Berlin to Tokyo.
What’s fascinating about these films is the inside look it gives you into how these “scenes” develop. Berlin, for example, is absolutely on fire right now. It has a thriving startup scene and a reputation for being a major force in the world of electronic music.
How did that happen?
The documentary leads you to believe that Berlin was able to establish itself as, arguably, the techno music capital of the world by having lots of empty buildings and nobody cracking down on squatters after the Berlin Wall fell. Quite literally, the scene appears to have started as a result of illegal techno parties being thrown in abandoned buildings.
It’s a perfect and perhaps extreme example of Jane Jacobs’ famous line that new ideas require old buildings. The rents are simply too high in new buildings for anything experimental. Landlords naturally prefer to rent to triple-A tenants who will pay the highest rents. And who can blame them.
But just like there’s tremendous value in incubating new startups before they’re even close to turning a profit, there’s obviously value in empowering new ideas, new concepts, new retailers, and new businesses to flourish within cities.
I’m not exactly sure how that could be done in the context of new developments, but it’s on my mind right now as a result of some discussions I’ve been having with some incredibly smart and ambitious people in this city.
So today I’d like to turn it over to you. How could we make it so that new ideas flourish even in new buildings? Since investment naturally drives up rents, does that mean it will always put pressure on those crazy instigators who just need cheap space?
I just stumbled upon a fascinating documentary series called Real Scenes. Each film explores “the musical, cultural and creative climate” within a particular city.
Below is Real Scenes: New York (click here if you can’t see it below). It’s an inside look at the underground music scene that has developed in Brooklyn, but that is at the same time being threatened by development and rising rents. Disclaimer: There’s a lot of f-bombs and a lot of hating on gentrification.
[youtube https://www.youtube.com/watch?v=LDtf0uIUPuE?rel=0&w=560&h=315]
I’ve only watched the New York video from this series, but I plan to watch each and every one of them. The other cities are Tokyo, Johannesburg, Paris, Berlin, Detroit, and Bristol.
What’s fascinating about these short documentaries is that they give you a glimpse into a particular undertone within each city – one that would otherwise be hard to get if you weren’t living there and engrossed in the scene.
It’s also interesting to see how some people view change within cities.
To some, transforming a neighborhood from one that looks like a “bomb went off” to something more pristine, is a good thing. But to others, it’s the worst possible outcome. It all depends on your frame of reference.
Now, how do I get them to make a Real Scenes: Toronto? :)
Image: Resident Advisor
[youtube https://www.youtube.com/watch?v=LDtf0uIUPuE?rel=0&w=560&h=315]
I’ve only watched the New York video from this series, but I plan to watch each and every one of them. The other cities are Tokyo, Johannesburg, Paris, Berlin, Detroit, and Bristol.
What’s fascinating about these short documentaries is that they give you a glimpse into a particular undertone within each city – one that would otherwise be hard to get if you weren’t living there and engrossed in the scene.
It’s also interesting to see how some people view change within cities.
To some, transforming a neighborhood from one that looks like a “bomb went off” to something more pristine, is a good thing. But to others, it’s the worst possible outcome. It all depends on your frame of reference.
Now, how do I get them to make a Real Scenes: Toronto? :)
Image: Resident Advisor
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