Denver one of friendliest in nation to start-ups

by | Nov 12, 2018 | Blog

In recent years, Denver has dominated many “best of” lists: If you believe the studies, Denver is one of the best place to live, to start a career, to find a summer job, to raise a family, and to retire.  Now comes yet another “best of”: Denver ranks as one of the best places to start a company.

In a recent Forbes survey, Denver ranked fourth in “rising cities” for startups, just below Columbus, OH, St. Louis, MO, and Atlanta, GA.

To create the list, Forbes notes that it “eliminated the 10 metro areas that garnered the most VC [venture capitalist] funding over the past three years: San Francisco, New York, Boston, San Jose, Los Angeles, San Diego, Seattle, Chicago, Washington, D.C. and Austin.”

It then looked at the remaining 30 largest metro areas, rating the cities by costs of doing business and living; education levels; college presence; entrepreneurship rates; working-age population growth, and venture capital investments.

According to the magazine, Denver offers many advantages to entrepreneurs.  “In addition to its mountains and sun, Denver offers a burgeoning startup community in a diverse economy. Metro Denver has 150,000 college students fueling a highly educated workforce and serving as a pipeline of labor for startups,” writes Forbes.

Adds one major venture capitalist: “Denver is on the rise because they are keeping homegrown talent and becoming a magnet from other places for people who want to live there, partly for lifestyle reasons but also for opportunity reasons.”

In the past three years, Denver has boasted $2.3 billion in venture capital investments, placing it at number three for such investments on Forbes’ top ten list—yet another “best.”

 

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