Jason Mendelson is the managing director and co-founder of the Foundry Group, a hugely successful Boulder, CO, venture fund that invests in early-stage information technology, Internet, and software startups. He’s also a metro Detroit native and University of Michigan graduate who is passionate about Detroit and has valuable insights on nurturing vibrant innovation ecosystems.
To create a thriving entrepreneurial ecosystem, Mendelson says, you need a creative class of people (especially on the technical side), strong universities spinning off people and ideas, financial capital, management talent, an engaged community with a real desire to see each other succeed, a culture of risk-taking and respect for failure, and a history of success. And he was bullish on the region’s prospects on all fronts.
Mendelson will be back in downtown Detroit for an interactive chat about entrepreneurship in the city.