Miami is now the second most entrepreneurial city in the U.S.

October 10, 2018

Miami With the highest startup density in the country at 247.6 startups per 100,000 people according to the Kauffman Index. Its privileged proximity to both New York and Silicon Valley will allow this emerging ecosystem to consolidate its position as an entrepreneurial hub with the arrival of accelerators and VC funds.

 

Rather than trying to be the next Silicon Valley, Miami is following the lead of emerging tech hubs like Austin and Boulder, and is focusing on its strengths. An on/off relationship for more than 25 yearsMiami and tech have been having an on-again, off-again relationship since the 1990s, when it hosted some of the top media and financial firms from South America. One of the most iconic companies of that era was Patagon.com, a Miami transplant from Argentina that sold 85 percent to Santander for $585 million. It also served as a springboard to some of the pioneers in the Miami tech scene today, such as Juan Pablo Cappello, Constancio Larguia, Silvina Moschini and Peter Kellner, co-founder of Endeavor.A lot has changed since those days. A new Miami tech scene came about seven years ago when “some of today’s most relevant players started forming and getting together,” as The Miami Herald’s Nancy Dhalberg put it. Florida International University hosted its first Americas Venture Capital Conference (2010), Susan Amat co-founded The Launch Pad at University of Miami (2008) and soon after she started Venture Hive, Miami’s most iconic incubator.

 

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