Startups perform better closer to home

Beskrivelse

Moving to New York, London, or another startup ecosystem to start your business? Hold off on packing those bags—startups are better off setting up shop right at home. A study, conducted by professors Olav Sorenson of the Yale School of Management and Michael Dahl of Aalborg University, found that startups that locate in the founder’s hometown or longtime residence fail less and make more money than startups that are new in town.