Saturday, October 19, 2019

Geekwire: Seattle poised for big startup growth

Oren Etzioni and Jacob Colker of the Allen Institute for Artificial Intelligence (AI2) think that Seattle has  reached a tipping point for our startup ecosystem.  


The Seattle area is home to several of the world’s most iconic companies including Amazon, Boeing, Microsoft, and Starbucks, and has had nine $1 billion-plus startup companies created over the last 10 years, and there are more than 130 engineering centers that have opened in Seattle, which can seed new startups- companies like Adobe, Airbnb, Alibaba, ARM, Baidu, Cisco, Dropbox, eBay, Facebook, Google, HBO, Honeywell, HP, HTC, Hulu, Intel, JPMorgan Chase, Lyft, McGraw-Hill, Mercedes-Benz, Mitsubishi, Motorola, New Relic, Novo Nordisk, NVIDIA, Oracle, Palantir, Pinterest, Salesforce, SAP, ServiceNow, Snapchat, SpaceX, Square, Stripe, Tencent, Ticketmaster, Twitter, Uber, VMware, Walt Disney, and more.


Their analysis examines leading indicators that point to an unprecedented acceleration in high-tech startup creation over the next few years, including a critical mass of talent, world-class STEM education, increasing early stage venture capital, and maturing company-building support.