How do you create and maintain a thriving high street in this era of increasing online shopping? This was one of the questions that Monocle asked at its recent Quality of Life Conference in Lisbon and here’s a video with its recommendations. Click here if you can’t see the video below.
[youtube https://www.youtube.com/watch?v=Ox2WJwDbuIo?rel=0&w=560&h=315]
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.
This month’s issue of Monocle is centered around fashion, style, and retail. And one of the most interesting pieces is a report on small retail spaces.
The argument (which you can read in the preface shown above) is that micro retail spaces are incredibly important for entrepreneurship and urban vitality. Because if all a city has is large retail spaces, then you’re creating impossible barriers for new retail startups. The rents simply become too high.
It’s on page 79 in case you have this month’s issue or want to go pick it up.
After reading the article, I immediately thought of 2 posts that I recently wrote on related topics. The first is “Incubating new ideas in cities” and the second is “The hard things about retail.”
In the first post, I questioned how cities might be able to encourage and incubate new ideas alongside new development and buck the Jane Jacobian truism that new ideas require old buildings. And in the second post, I expressed my concern for a micro retail condo complex here in Toronto that appears to be struggling.
But maybe that micro retail complex is on to something (just with the wrong tenure: condo instead of rental). Maybe it’s as simple as starting with great urban design and small (affordable) retail spaces.
It seems to be working for Columbia Road in London, Knez Mihailova in Belgrade, and Tower Theater in Los Angeles (the 3 examples that Monocle gives).