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Absolutely, and this is common. Strong main street economies, low cost of living, and good quality of life attract lifestyle businesses and remote workers. None of those factors necessarily produce venture-scale deal flow. The conditions that create great places to live are not the same conditions that create great startup ecosystems.
They invest in conviction, not current metrics. They build relationships with founders before capital is needed, invest thesis-first, and contribute beyond the check; pattern recognition, introductions, and honest feedback most advisors won't give.
Incubators and accelerators have a serious, operationally complex job: give founders access to global mentor networks, connect them to investors, manage deal rooms, deliver curriculum, and track relationships over time. Most do it with a stitched-together combination of video tools, Slack groups, shared Google Drive folders, and spreadsheets of mentor contacts nobody updates. The program director becomes a part-time IT administrator. What an SDO actually needs is civic infrastructure; purpose-built and comprehensive enough to deliver on what it promises founders. Ironically, an incubator's job is to teach founders to stop building things they don't need to build, and then those same incubators do exactly that with their own operations
Fundamentally. If entrepreneurship is a personality trait found in roughly 8% of the population, then ecosystem builders should be identifying and enabling those people; not trying to manufacture entrepreneurship through programs that treat it as a learnable skill. It also means that business owner support and startup founder support are different programs serving different populations, and conflating them produces outcomes that serve neither well.
Every product team faces it: when you need a capability, do you build it or embed an existing infrastructure provider? The correct frame is not "can we build it" (you probably can) but "should we be the ones who built it" (almost certainly not, if a specialized provider exists). Building a feature, buying a SaaS tool, and embedding infrastructure are three different decisions with different cost structures, risk profiles, and competitive implications. Getting them mixed up burns years of engineering time and leaves you with something that can't compete with a company whose entire existence is the capability you half-built.
