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A new report from the Milken Institute indicates that Washington is among the leading states in the technology industry, ranking fifth in the State Technology and Science Index.
It moved up one spot from the previous report, which was released in 2004. The top states -- ranked by factors such as research and development, risk capital and entrepreneurial infrastructure and technology and science work force -- were Massachusetts, Maryland, Colorado and California.
The report also discusses what it takes to create a technology cluster as seen in places such as Seattle and Silicon Valley. And it notes that those clusters -- anchored by smart, motivated workers -- are the best defense against globalization.
"The paradox of the global economy is that the enduring competitive advantages lie in location-specific competencies: knowledge, work force skills, customer and supplier relationships, entrepreneurial infrastructure, management practices, motivation, and quality-of-place attributes that allow firms to thrive," the report says. "In short, think locally to succeed globally."
But the report continuously warns that the U.S. could lose its position as innovation clusters develop in places such as China, Singapore and India. It notes that "the nation as a whole is on the cusp of losing vast amounts of intellectual capital overseas."
Source: Milken Institute
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As a startup entrepreneur, angel investor and venture capitalist with past involvement in over 25 startups here in Seattle (over a 20 year timespan, not 1 !), I have questions about the scalability and ultimately viability of Rob's approach to venture. What is always in scarce supply is not ideas, or capital, or domain names. Its always human talent. In the fullness of time, when the final accounting happens years from now, I have no clue whether Rob's portfolio of deals will have performed in line with the market, outperformed or underperformed.
That said, I *APPLAUD* with two hands clapping Rob's involvement with the startup community. Venture capital needs innovation just like any sector or financial instrument does, and Rob is certainly bringing disruptive approaches to the formation and financing of startups. I hope he keeps it up, and I hope he's successful."
-- Bill Bryant Monster: Great companies built for $100,000Click here for a listing of conferences, events and social gatherings in Seattle's high-tech industry. To submit an event for consideration on the calendar, e-mail me here.
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| Company | Amount raised |
| Week of August 25 | |
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