Page 32 - AC/E's Digital Culture Annual Report 2015

Cultural business models on the Internet32According to the international Startup Ecosystem Report 2012,23 the best entrepreneurial economy is that which has the highest number of technol- ogy and software organisations.• Silicon Valley has left a mark on global ecosystems for startups. Berlin (4%) and São Paulo (7%) have the lowest percentages of founders who come from Silicon Valley, and Singapore (33%) and Waterloo (35%) have the highest number of entrepreneurs who come from Silicon Valley.• Although Singapore has a relatively sound funding environment, the risk tolerance of founders is the lowest of the twenty ecosystems.Whatever the case, an entrepreneur must always learn from other entrepreneurs in order to• Properly define the business idea.• Identify the market to provide a differential value (what we call positioning).• Define the economics and obtain the resources needed to start.• And get started. With a flexible organisation, few overheads, a motivated team and global vision.• And never forgetting inspiration.2. New business models in the publishing sectorBeing in permanent contact with technological disruption is the only means of identifying the opportunities that the new digital age offers us. In this new age, leaders must be constantly aware of innovation, the main trends and technological disruptions.Some of the key revelations of this report are:• Even well-developed ecosystems such as those of New York and London suffer from a funding gap.• To date, the success of Silicon Valley canbe attributed partly to the attitude of its entrepreneurs. Silicon Valley’s founders work longer hours than the rest, with working days of 9.94 hours. From the point of view of motivation, they are generally driven more by impact than by product.• New York has established itself as thecapital of women tech entrepreneurs. Nearly one-fifth of entrepreneurs in New York are women and it has double the amount of startups directed by women than Silicon Valley.• Santiago de Chile is an excellent example of an ecosystem kick-started by policy makers, with an average of 4.81 mentors (nearly 25% more than in Silicon Valley).How to encourage entrepreneurship in the culture sector