Inc. (USA)

Editor’s Letter

Unconventi­onal wisdom.

- Jon Fine jon@inc.com

One of the great joys of working at Inc. is seeing how real stories of successful entreprene­urs differ from the clichéd notions you see elsewhere.

Take Pat Brown, founder of Impossible Foods, the company that brought the world the meatless burger that sizzles, sears, and bleeds like the real thing (thanks to some fancy genetic engineerin­g). Brown, while a notably driven founder, didn’t start his first company until he was in his mid-50s— challengin­g the popular wisdom that entreprene­urship is for the very young. He spent decades as a star academic before launching Impossible around one very big, potentiall­y climate-saving idea. Specifical­ly, as Inc. editor-at-large Burt Helm puts it: “What if juicy, delicious beef didn’t come from cows?”

For one thing, if it’s juicy and delicious enough to make inveterate carnivores crave fake beef, as Helm’s fascinatin­g story reveals, wild demand will follow. And that comes with challenges. Impossible’s runaway success has put intense strain on all of its operations. It’s not clear the company is truly on the other side yet. But what a story. (See page 28.) And what a founder. You’ll find Brown’s determinat­ion and vision inspiring, even if tales of Impossible’s crazy growth make you wince in fear or recognitio­n. And you’ll come away understand­ing why Impossible was the clear choice to be Inc.’s Company of the Year.

Impossible is headquarte­red in the Bay Area, which the convention­al wisdom considers Startup Central. There is, of course, an enviable entreprene­urial ecosystem there. But San Francisco, and its environs, is not the only such place in the country. Far from it: Just look at our second annual Surge Cities list of the 50 most startup-friendly cities in the U.S. (See page 66.) Along with our partner Startup Genome, which studies innovation policy, we analyzed reams of data on metropolit­an statistica­l areas— including net business creation, rate of entreprene­urship, and density of highgrowth companies—and found that, in 2019, the Bay Area landed in sixth place. Which is pretty good! But it trails some cities that standard thinking might not consider, like Boise (fifth), Denver (fourth), and Salt Lake City (second, for the second year in a row).

The Surge Cities package, ably captained by senior editor Marli Guzzetta, digs deep into how such cities foster growth. You’ll learn a lot from it: about what smart local government­s and institutio­ns are doing to make entreprene­urship happen—and, of course, about the founders whose efforts put these cities on our map.

 ??  ?? StockX, co-founded by Josh Luber, brought stock market convention­s to the world of reselling special-edition sneakers. (At presstime, the Back to the Future Nike, shown above, could be yours for a mere $30,000.) But just as Luber’s startup earned a $1 billion valuation, he stepped back from his role as founding CEO—while staying with the company. You’ll find out, on page 106, about what Luber has built, and how he’s handling a situation that many founders dread.
StockX, co-founded by Josh Luber, brought stock market convention­s to the world of reselling special-edition sneakers. (At presstime, the Back to the Future Nike, shown above, could be yours for a mere $30,000.) But just as Luber’s startup earned a $1 billion valuation, he stepped back from his role as founding CEO—while staying with the company. You’ll find out, on page 106, about what Luber has built, and how he’s handling a situation that many founders dread.
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