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September 24, 2011 08:32 am GMT

Motor City Mojo: The Startup Renaissance In Detroit

detroitEditors note: This post is authored by guest contributor Jon Bischke. Jon is a founder of RG Labs and is an advisor to several startups. You can follow Jon on Twitter here.San Francisco. Palo Alto. New York. Cambridge. Austin. Boulder. Detroit. One of those doesnt seem to fit in there right? After all, Detroits a mess isnt it? The median house price in Detroit is $6,000. Half of the adults in the city are functionally illiterate. 48% of children live below the poverty line. Some people would say that Detroit epitomizes what is wrong with America.But for a group of talented and motivated entrepreneurs in Detroit its something else. Its a chance to show whats right about America. Last week I had the pleasure of meeting with a dozen of Detroits top founders to discuss what its like to start a company in whats probably the most economically depressed city in the country. While their businesses were different and they didnt agree on everything, they all shared one thing: a strong feeling that the Detroit of the future will be better than the Detroit of the present.

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