Raleigh nuturing startup businesses

Posted April 27, 2015
Updated April 28, 2015

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— At HQ Raleigh, a shared working space in the Warehouse District downtown, a lot of businesses are born and raised.

One of them is Vaporware, a company co-founded by Dan Moore that develops software applications. He admits his strength was on the technical side.

“But I did not have any idea about business, financial, marketing or any of these other aspects of business,” Moore said.

That's where a strong startup community comes in to help.

“That high risk really depends on that really strong network to connect with,” Moore said.

Connecting with experienced people can make or break a new business, and Raleigh's economic developers know it.

“Our startup culture is very young,” said Derrick Minor, a manager with Raleigh’s Economic Development Office.

The city launched an interactive map to show where Raleigh's startups are, and Minor said it helps existing businesses get to know their neighbors. It also attracts new entrepreneurs.

“By showing these clusters and showing these types of companies that are here, that will help attract other companies and talent to the market,” Minor said.

Vaporware is 3 years old, healthy and growing.

Moore gives Raleigh's startup community a lot of the credit. He said as it grows, so does the city's reputation as a good place to get started.

“With the universities, RTP and the Triangle as a whole, this hub is going to continue to grow,” he said.

Moore is hosting an event in May called {{a href="external_link2"}}Fail Fest,{{/a}} which will bring together entrepreneurs to talk about learning from their mistakes.

There's also a website for virtual co-working.


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