10. Encourage private investment in local startups.
Many of our most promising startups flee to the West Coast for what they believe to be better funding opportunities (Facebook is a good example). My own company was funded not by a Boston VC but by a New Jersey fund. There’s no reason for that. We have some of the best VC firms and active angel-investor communities within a 15-mile radius from City Hall. A City Hall-led forum or initiative that encourages private investment in local firms can reverse a worrisome trend.
Panos Panay is the founder/CEO of Sonicbids.