Or, the kind of people who are likely to create startups are drawn to cities that are big on coffee shop culture.
As usual the direction of causation is a bit difficult to tease out
replies(3):
As usual the direction of causation is a bit difficult to tease out
"...tracts that received a Starbucks saw an increase in the number of startups of 9.1% to 18% (or 2.9 to 5.7 firms) per year, over the subsequent 7 years. A partnership between Starbucks and Magic Johnson focused on underprivileged neighborhoods produced larger effects."
Seems like third places have strong effects here.