In the early days of the internet, one of the most exciting prospects was the promise of mobility. Here at last was an opportunity to run a business from anywhere.
Things did not quite work out that way. Technology companies tend to clump — especially start-ups. If a fledgling business is not in a “hub” — be it San Francisco, London, Paris or wherever — it seems to lack serious intent.
There are many benefits for start-ups of physical proximity. I have visited incubators in London’s Shoreditch, Brooklyn in New York, Turin and even Guernsey, and have been struck by how young companies collaborate. Exchanging ideas appears to be what makes them successful.
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