The global pandemic has actually halted travel, shunted schools online and shut down numerous cities, however the future of college-town America is a location of deep issue for the start-up world.
College towns have done extremely well with the increase of the knowledge economy and concentrating students and skill in dense social webs. That confluence of ideas and skill sustained the rise of a whole set of start-up clusters outside significant geos like the Bay Area, however with COVID-19 bearing down on these communities and numerous tech employees thinking about remote work, what does the future look like for these cradles of innovation?
We have 3 angles on this topic from the Equity podcast team:
- Danny Crichton sees the death of college towns, and takes a look at whether remote tools can substitute for in-person connections when building a startup.
- Natasha Mascarenhas thinks getting in touch with other students is crucial for developing one’s sense of self, and the decline of colleges will adversely impact trainees and their capability to trial and error their way to their very first job.
- Alex Wilhelm takes a look at whether property colleges are about to be interrupted– or whether tradition will dominate. His is (surprise!) a more sanguine look at the future of college towns.
Start-up centers are going to break down as college towns are annihilated by coronavirus
Danny Crichton: One of the few metropolitan success stories outside the huge worldwide cities like New York, Tokyo, Paris and London has been a small set of cities that have actually used a mix of their distance to power (state capitals), knowledge (universities) and finance (regional huge business) to construct innovative economies. That includes places like Austin, Columbus, Chattanooga, Ann Arbor, Urbana, Denver, Atlanta and Minneapolis, amongst lots of others.
Over the previous twenty years, there was an almost magical economic alchemy underway in these locales. Universities brought in great deals of ambitious and brilliant students, capitals and state government offices used a financial base to the local economy and regional huge business offered the tasks and stability that enable development to thrive.
All that has vanished, causing some critics, like Noah Smith, to ask whether “ Coronavirus Will End the Golden Era for College Towns“?
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.