How First-Time Entrepreneurs Can Learn From Amazon’s HQ2 Decision
What does a company valued at nearly $1 trillion have to teach first-time entrepreneurs about where to locate their businesses? As it turns out, plenty.
Amazon’s decision to split its second headquarters between the Long Island City in New York and Crystal City near Washington, D.C., turned on many things: costs, taxes, transportation infrastructure, excellent universities and much else. But ultimately it comes down to the magic that happens when you have a lot of talented people concentrated in the same place. People who study entrepreneurship call such places “vibrant entrepreneurial ecosystems” (VEEs).