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Mapping the American Landscape for Startup Success

Shaolee Sen, who leads small-business philanthropy at JPMorgan Chase, argues that the best cities for entrepreneurs are not just hubs of capital, but ecosystems where real estate, talent, and customers intersect. Drawing on the Nasdaq Entrepreneurial Center’s latest research, she identifies the regions where founders find the most support.

Mapping the American Landscape for Startup Success

The Advancing Regional Innovation Economies report highlights Albany–Schenectady–Troy, Austin–Round Rock, San Diego–Carlsbad, San Francisco–Oakland–Hayward, and Pittsburgh as the top-tier markets for new ventures. According to Sen, these locations excel by creating proactive local investor networks and fostering public-private partnerships that prevent founders from stalling in redundant support programs. Columbus, Ohio, serves as a primary case study for this model, leveraging the research gravity of Ohio State University to anchor a diversified customer base and streamline access to growth capital.

Beyond geography, Sen emphasizes that successful founders must treat funding as a holistic resource rather than just a check. She advises entrepreneurs to seek technical assistance and shared back-office services to improve margins while building early relationships with mentors and local lenders. Talent acquisition also requires a shift in strategy; she points to the effectiveness of connecting directly with community colleges and nontraditional pathways like apprenticeships. This approach, paired with emerging employee ownership models, allows small firms to secure long-term stability and keep wealth within the local economy. For those managing the daily chaos of building a business, Sen suggests adopting a personal mantra, such as "Do What Matters Most," to cut through operational noise and maintain focus.

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