The university in town supplies interns for a decade before it supplies a single founder

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Campus venture funds of fifty thousand dollars teach students how to spend money not how to earn it Why university incubators keep startups alive on life support instead of graduating them Immigration rules set how many founders a startup city can import each year Non-compete enforcement decides whether engineers can leave an incumbent and found a rival A startup ecosystem without exits never recycles its money back into the next generation of founders One anchor employer in a small city trains the talent pool and then loses it to the first funded startup Ecosystem indexes rank cities on venture dollars and miss the informal networks that place first hires Moving a startup to a bigger hub buys capital access and sells the team's savings Alumni networks are the only durable asset most incubators leave behind Corporate-backed incubators sell access to a parent company whose procurement team will still refuse to buy