While exploring Prince Edward Islands as a location for innovation, I read a great article on how cities should be developing an ecosystem for entrepreneurs rather than attracting VCs. I also believe that the location must be decoupled when considering access to capital. Money will find the path of least resistance. If money can flow to emerging countries like Brazil, China, and India, it will also flow to Charlottetown, Chicago, and Indianapolis.

Silicon Valley has a unique ecosystem for entrepreneurship that took more than a few decades to establish, but started with innovation funding through government defense spending. Cities should follow this example of funding the right infrastructure and setting the best policies to empower local entrepreneurs while also attracting new ones. A foundation that supports the constant influx of ideas and talent keep cities on the edge of innovation, not attracting a few VCs to a location.