There are three growth constraints as an ecosystem expands. They are:
- Talent: Whether there is a real process in place for sourcing and producing local talent, and whether there are immigration processes in place to source foreign talent
- Capital: Whether there is enough capital necessary for a company to grow from pre-seed to Series X
- Housing: Whether there is a supply of affordable housing where the costs of starting a venture are lowered
It takes a blend of private and public policies to alleviate these constraints. Private policies are faster and solves low hanging fruit problems, but systemic constraints like immigration and housing can only be addressed by public policies - so far. There is possible innovation in the latter.