Startup Iceland

I got an email early this morning from Bala Kamallakharan pointing me at a blog post he wrote titled Startup Communities – My open letter to Brad Feld. In it he discusses some of the things he’s working on in Iceland post financial crisis, including launching Startup Iceland.

I encourage you to go read the letter – it’s inspiring, especially against the backdrop of Iceland’s dramatic rise and fall through the world financial crisis which I recently read more about in Michael Lewis’s great book Boomerang: Travels In The New Third World.

What Bala is doing is a powerful example of “entrepreneurs leading their startup communities.” Don’t wait for government, or other “feeders” (which I’ll describe in other posts) to take the lead. Entrepreneurs must lead.

Bala – thanks for setting an example. I look forward to seeing where you take this.