The most powerful city? London!

Ever wondered what is the most important city on earth? Well.. London! At least according to last Mori Memorial Foundation’s report. Their 2016 Global Power City Index in fact sets London as the most powerful city in the world for the fifth year in a row.

The total score is calculated on 6 main areas accounting 70 parameters : Economy, R&D, Culture, Livability, Environment and Accessibility; London with the first place in Culture and Accessibility secures the overall top scores of 1511.5, followed on the podium by New York (best for R&D) with 1384.7 and Tokyo (N. 1 for Economy) 1338.5.

09_worldmap_2016

Others cities worth to mention are Paris with a remarkable 4th place, Vienna 10th despite a smaller economy and not being a metropolis and Frankfurt 11th but best scorer in the Environment sector.

The only weak point of top cities seems to be livability both London and New York along with Singapore (5th) have poor results when speaking of cost and ease of living, working environment and security.

The challenge for next years, for such cities, will thus be find new solution to housing crisis and quality of work and working places.

Mori Memorial Foundation’s Institute for Urban Strategies: http://www.mori-m-foundation.or.jp

Deadly costly startups

London, New York and Silicon Valley have never been famous for being cheap places to live in. According to a recent report of Knight Franks though, also office rent costs for startups are sky rocketing and, of course, London is leading the race.

Renting an office in Shoreditch district in fact, cost more than 66,000 US$ annually that is enough for relegating Brooklyn and San Francisco Mid Market to 2nd and 3rd position respectively with a good 62,000 US$ and 61,000 US$.

Infographic: Where Startup Costs Are Sky High | Statista

You will find more statistics at Statista

The top ten is completed by Paris, Boston, Dublin, Los Angeles and then far east trio Hong Kong, Beijing and Singapore.

Till now the bad news. But Knight Frank has also calculated the rent for a 4 seats shared office and the good news is that prices are far lower also if not properly cheap. In this case London Shoreditch and Brooklyn would cost “only” around 29,000 US$, while San Francisco 24,000 US$.

Oddly enough Hong Kong has dedicated offices cheaper than serviced ones!

The outcome is that co-working spaces are very important for cutting costs of starting up and having an high entry level values for office rent could bring lot of potential entrepreneurs to drop out.

Another service that in my opinion could help in cost cutting is co-living, having house shares with communal facilities such as computer lab, printers, wi-fi connection could bring to cut dramatically office expenditures.

Basically you can have a bedsit and an office at the cost of the bedsit only, for sure won’t be good when you rise facebook-like funding but to start cheap is a good option for sure!

Knight Frank’s analysis: http://www.knightfrank.co.uk/news/start-up-costs-for-techies-in-london-are-the-highest-in-the-world-09857.aspx

The Garages Era has ended

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HP first HQ in Palo Alto

Like it or not we left the Garages Era to dive into the Co-operational one.

Many of the most successful companies of today were born and moved their first steps in a garage. The ones in particular founded in the past century, that shaped our present world, like Apple, HP, Google, Amazon, Facebook (ok it was a dorm-room and this century… ) among others defined the pioneering era of two-friends-in-one-garage companies that were later capable of changing our lifestyle and philosophy of business.

But will this be still possible, in such a magnitude at least, nowadays? Could your nerd next door neighbour kid be the “new Steve Jobs”? Well definitely not to me.

Apple_Garage

Mr. & Mrs. Jobs garage in Los Altos

The reason is that the world of startups has dramatically changed. Find a new idea, implement it and raise the money to make it a working product has turned from an old, gold retrievers issue into a perfect team co-operation based war.

The key for a successful  startup now is, beside the idea and the team working on it, developing it in a stimulating environment that can at the same time address you and facilitate all the time consuming issues such as find money, human resources, an office rather then housing.

This is thus the Era of Co-working in shared offices, incubators and accelerators where you can share, test and develop your ideas with other startuppers and experienced consultants. This will be the era of Co-living, where you share your house with other mates possibly working on your same sectors in tech houses with wifi, computers and events attended by sector gurus, mentors and experts. Almost all of before said companies, in fact,  have accelerators and co-operating programs to catch the “next Facebook” company.

Co-operational Era is the legacy, on the other hand, of Garages Era companies. Hopefully we’ll have men and women beside new start-ups able to split the tech history in two as many of their Garages Era ancestors did.

Hewlett-Packard wiki: https://en.wikipedia.org/wiki/Hewlett-Packard

Google wiki: https://en.wikipedia.org/wiki/Google

Apple wiki: https://en.wikipedia.org/wiki/Apple_Inc. 

Amazon wiki: https://en.wikipedia.org/wiki/Amazon.com

Facebook wiki: https://en.wikipedia.org/wiki/Facebook

Pics courtesy of wikipedia.org