Best Place in the World to Start a Company

Description

The relative merits of various cities as locations for start-ups is a favorite media talking point. Is New York approaching parity with fabled Silicon Valley? Check out the start-up scenes sprouting in formerly down-and-out cities! Or, look at the unlikely places abroad where start-up clusters are forming. Stories like these might provide fodder for journalists, but according to recent research out of Yale, they do next to nothing to help aspiring founders decide where to locate their start-ups. Why is that? Because, according to the study by professors Olav Sorenson of the Yale School of Management and Michael Dahl of Aalborg University, the best place for any founder to start a venture is probably his or her own hometown.