Is there a path from Sin City to Tech City? The Case for Las Vegas.

This chapter by Sussan, Slobda, and Hall descrbes an investigation of the economic history of Las Vegas and its implications relative to being an entrepreneurial ecosystem in the digital economy.

Many cities aspire to have vibrant entrepreneurial ecosystems that are relevant to the digital economy - can they? To answer this question we examine the economic history of Las Vegas, a land of gambling and entertainment, and report the recent entrepreneurial activities in the city along with the data that measures the vibrancy of the ecosystem and growth of the place.  While there is no indication that the various data points converge, our anaylsis leads us to three insights. One, legacy industry is disconnected from the new tech hub in an entrepreneurship ecosystem when the economy has shifted from the "Main street" mode to the "digital" mode. Two, while there are two recent success stories of Zappos and Switch SUPERSNAP in Las Vegas, entrepreneurship activities remain moderate in spite of a bottom-up effort to build Downtown as a tech hub. Three, cluster advantages and positve network externalities do not seem to happen in unrelated industry in Las Vegas.

Abstract: 

ABSTRACT

Many cities aspire to have vibrant entrepreneurial ecosystems that are relevant to the digital economy - can they? To answer this question we examine the economic history of Las Vegas, a land of gambling and entertainment, and report the recent entrepreneurial activities in the city along with the data that measures the vibrancy of the ecosystem and growth of the place.  While there is no indication that the various data points converge, our anaylsis leads us to three insights. One, legacy industry is disconnected from the new tech hub in an entrepreneurship ecosystem when the economy has shifted from the "Main street" mode to the "digital" mode. Two, while there are two recent success stories of Zappos and Switch SUPERSNAP in Las Vegas, entrepreneurship activities remain moderate in spite of a bottom-up effort to build Downtown as a tech hub. Three, cluster advantages and positve network externalities do not seem to happen in unrelated industry in Las Vegas.

Publication Type: 
Book Chapter
Authors: 
Sussan, F. , Sloboda, B., and Hall, R.
Year of Publication: 
2018
Journal, Book, Magazine or Other Publication Title: 
Entrepreneurship Ecosystems: Place-based Transformation and Transitions
Volume: 
38
Issue: 
International Studies in Entrepreneurship
Edition: 
N/A
Section: 
N/A
Pages: 
153-171
Publisher: 
Springer Publisher
Date Published: 
Wednesday, January 31, 2018
Publication Language: 
English
ISSN Number: 
157-1922
ISBN Number: 
978-3-319-63530-9
DOI: 
https://doi.org/10.1007/978-3-319-63531-6
Editors: 
O’Connor, A., Stam, E., Sussan, F., and Audrestch, D.
Boyer's Domain: 

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